China Growth Stocks

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CPQQ - testing (cheaper) supplier

CPQQ have talked about getting anther source of amorphous alloy - they were testing supply from Sept 2009


We expect that a new source of amorphous alloy strip will soon be available from Beijing Advanced Technology & Science Materials Co., Ltd. (“AT&M”). We have signed an agreement with AT&M whereby we have been given priority to purchase amorphous alloy strip products.

In September 2009, AT&M completed their test production of amorphous alloy strip, using their facility that has an annual capacity of 10,000 metric tons. Zhongxi has used some of AT&M’s test strip to manufacture test cores and transformers that are permitting electric power grid organizations and other transformer makers to test and to validate that the cores and transformers using AT&M’s amorphous alloy will perform as expected, are equivalent in quality and performance to production that uses Hitachi’s amorphous alloy, and are qualified for production purchases. Zhongxi believes that this second source for amorphous alloy strip, when approved for production, is likely to help alleviate the raw material constraint that has been a concern in the global transformer industry.

http://www.sec.gov/Archives/edgar/data/1418134/000118518510000308/chinapower10k123109.htm

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