Trans-Pacific Aerospace Company, Inc. (OTCBB:TPAC) announced today that Zacks Equity Research has released a comprehensive report that fully summarizes the company’s activities and near-term market prospects in China.
“Trans-Pacific Aerospace Company intends to monetize its proprietary technology by manufacturing aerospace quality standard spherical bearings, rod ends and bushings (bearings) in China with its joint venture partners,” notes Zacks.
According to the report, growth in China is two-fold: First, the number of planes in China is expected to jump from 1,256 today to 4,330 over the next 20 years. With 3,000 spherical bearings on each plane the market is substantial. Second, the offsets or obligations that original equipment manufacturers (OEMs) such as Boeing and Airbus owe China are approximately $16 billion. There are currently no manufacturers of spherical bearings in China.
“We feel the stock will outperform as Trans-Pacific Aerospace hits its testing and performance goals and enjoys a monopolistic hold in a growth industry,” said Zacks.Having successfully completed wear tests in California and surpassing minimum qualification requirements imposed under the qualification specification SAE-AS81820, the Trans-Pacific Aerospace engineering and quality control team will depart for China in January 2011, with production for qualification of the Guangzhou China facility commencing immediately thereafter. Qualification test parts will be submitted to Independent Testing Laboratories for first-pass testing in February, and to the U.S. Navy in mid-March. The company expects qualification approval from the Navy on or about May 1, 2011. The full research report can be printed and downloaded at http://www.docstoc.com/docs/68277116/Trans-Pacific-Aerospace-Company-Report or by emailing email@example.com with the ticker TPAC in the subject line. About Trans-Pacific Aerospace (TPAC) Trans-Pacific Aerospace designs, engineers and manufactures self-lubricating spherical bearings for commercial aircraft, with planned product extensions using similar proprietary technology into maritime, power plant and space applications. Through its ownership in Godfrey (China), Ltd., it has a special operating license granted by China's Ministry of Science and Technology. Godfrey has completed prototype manufacturing and testing in China and the United States and is pursuing SAE parts qualification of its facility in Guangzhou, China.