SOURCE: Trans-Pacific Aerospace Company, Inc.

April 15, 2010 16:15 ET

Trans-Pacific Aerospace Company, Inc. Achieves Key Milestones in China; Prototype Testing Is Successful

SAN JUAN CAPISTRANO, CA--(Marketwire - April 15, 2010) -  Trans-Pacific Aerospace Company, Inc. (OTCBB: TPAC) announced today that it has successfully achieved all fundamental milestones that will enable the company to begin the qualification process in June 2010.

"I am extremely pleased with the outcome of our trip to China," said Bill McKay, Trans-Pacific Aerospace CEO. "We have strong partners, tremendous local government support, and an excellent supply chain, as well as a facility in an ideal location close to the port, our suppliers and machine tool manufacturers."

Godfrey (China) Ltd., Trans-Pacific's partner (of which it owns 25%), facilitated formation of a Wholly Foreign Owned Enterprise (WFOE) which enables the company to do business domestically and export its goods globally. McKay commented, "Our company is one of just a handful of high-tech companies in Zhongshan, China, and the city's first aerospace company. Post-qualification, Trans-Pacific Aerospace would be the only company in China qualified to make SAE-AS81820, SAE-AS81934 and SAE-AS81935 spherical bearings, bushings and rod end bearings that are used throughout commercial aircraft produced by manufacturers like Airbus and Boeing."

Trans-Pacific Aerospace Company also announced today that it has successfully passed internal testing for liner bond integrity and peel strength, as outlined in SAE-AS81820. This SAE standard is the standard to which the Company intends to qualify its self-lubricating bearings to be produced in China. 

Bill McKay commented, "We are very happy with the results of the prototype test. This success puts us on track for qualification and is a critical and necessary step in the qualification process. The success speaks to the quality of our tooling, bearing design and the bonding process being employed. It shows the skill of our qualification team in producing high quality bearings. In addition to the successful testing, all tooling for the qualification has been manufactured and approved by Trans-Pacific Aerospace Company. Furthermore, component designs have been turned into prototype parts and have been successfully manufactured. Our prototype parts look great, so full production of all SAE qualification test components has commenced and we expect them to be completed in time to meet our schedule for qualification production, testing and acceptance."

Trans-Pacific Aerospace Company plans to use its proprietary aerospace bearing technologies to manufacture and sell component parts for both new commercial aircraft and spares for the existing commercial fleet, initially through a joint venture in China. The component parts are referred to as self-lubricating spherical bearings, and they help with several flight critical tasks including aircraft flight controls and landing gears.

Information About Forward-Looking Statements

This press release contains or incorporates by reference "forward-looking statements" including certain information with respect to plans and strategies of Trans-Pacific Aerospace Company, Inc.. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes," "suggests," "anticipates," "plans," "expects," and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Trans-Pacific Aerospace Company, Inc. operations that could differ materially from those indicated by such forward-looking statements.

Contact Information

  • Contact Investor Relations:
    William McKay, Chief Executive Officer
    626-755-1211
    Email Contact