Trans-Pacific Aerospace Company, Inc. (OTCBB: TPAC) on 10th October, 2011 announced that the testing of the spherical bearings by the US Navy has begun. The testing is done through the China subsidiary of the US Navy under SAE Aerospace Standard 81820.
Trans-Pacific Aerospace is in the business of designing, engineering and manufacturing self-lubricating spherical bearings for commercial aircraft, with planned product extensions using similar proprietary technology into maritime, power plant and space applications.
Bill McKay, CEO of Trans-Pacific Aerospace said, “We are delighted to see that testing has finally commenced, and are confident that the Navy will find the performance of our bearings to spec. Should everything proceed as expected, it means we’re roughly four weeks away from our Guangzhou facility becoming the first and only manufacturer in China qualified to produce SAE-AS81820 aerospace quality bearings”.
To date, Trans-Pacific Aerospace’s operations have focused on assisting its 25%-owned Chinese subsidiary, Godfrey (China) Limited, in the development of its production facility in Guangzhou, China and the design and engineering of Godfrey’s initial product line of spherical bearings. Bearings made by Godfrey Guangzhou Aerospace Bearings were submitted to the U.S. Navy for official qualification testing in June after rigorous independent third-party testing. At that time, results demonstrated bearing performance beyond SAE specifications.
Shares of TPAC added 2 cents or 20% to $0.12.
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