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whizknock

05/02/21 10:25 PM

#51362 RE: whizknock #51361

Can't rule them out but not sure if Oakgroup has a lot of surplus square footage to share.

This is from their site,,,

"Our Services"
'Always listen to the customer'
The OAKGROUP team is determined and resourceful, always ensuring complete customer satisfaction. We have a flexible business approach that will offer you a way to manufacture right here in the greater Toronto area (GTA) in a cost effective and high quality manner.

Our business philosophy offers full transparency with the customer. Whether existing or new, we can manage the business for you to the complete degree. We can supply and manage all areas of the operations including facilities, labour, materials control, logistics, quality and financial control. Best of all, these services come with cost savings to you, the customer. Through lean manufacturing, we ensure that you receive maximum added value and we help you realize your full potential.

OAKGROUP is primarily an automotive supplier to the major Tier 1s and OEMs. Our services are based on quality and productivity. We utilize many in house tools and processes including lean manufacturing, just in time (JIT) delivery, sequencing, kanban and error proofing. We are well experienced in new product launches including PFMEA, PPAP and SAFE LAUNCH.

OAKGROUP Sorting Services is an integral part of OAKGROUP. In fact, OAKGROUP Sorting Services is capable of meeting all of your quality containment and rework needs. OAKGROUP Sorting Services will be there for you when you need them and you can sleep easy knowing that OAKGROUP Sorting Services stays on the job to ensure all the loops are closed and completed in an cost efficient manner.
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hectoros

05/03/21 6:29 AM

#51363 RE: whizknock #51361

COVID-19 is really hurting start up companies. This contract with OakGroup is probably similar to the contracts with the manufacturers in China. I recollect that WKSP had expanded substantially manufacturing capacity in China. The Chinese even built a new road to the manufacturing facilities. That cheap labor in China made NIKE really big.
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buckyboy

05/03/21 9:39 AM

#51365 RE: whizknock #51361

The possibility of a deal with a large OEM is almost a foregone conclusion once Terravis hits the street. Rossi also has the next BoD member field narrowed down to four. Typically an outside BoD is brings connections from the investment world. I wouldn't mind seeing an operational guy with connections to the power world join the team!

The next several weeks may see some very exciting events unfold.

GLTA