Trans-Pacific Aerospace Company Inc (OTCMKTS:TPAC) is expanding its footprint in Asia-Pacific region with the signing of a new licensing and services agreement in Australia. The agreement with TPAC Australia seeks to capitalize on the growing need for qualified bearings not only Australia but also in the Middle East markets as well as Pacific Rim.
Growing Bearings Demand
The two plan to start the manufacturing of bearings in the region as part of the Turnbull Government $1.1 billion innovation initiative. Mr. Tony Gardner is to head the company’s operations in Australia through TPAC Australia. His main job will involve promoting the company’s products as the country’s commercial aerospace industry continues to grow at the back of the recently awarded 50-billion-dollar Submarine contract.
Mr. Gardner says he will work closely with Trans-Pacific Aerospace to make sure that the company’s products are produced in the country. By bringing outside intellectual property, the executive believes the same will go a long way in creating more local jobs and growing the Australian market.
Trans-Pacific Aerospace is essentially looking took take advantage of the short and long-term opportunities that are expected to crop up with the expected growth in the commercial aviation sector. What makes the push for growth in Australia exciting is the fact that the company can also take advantage of expected growth in Southeast Asia, Southern Asia, and the Middle East with ease.
Global Brand Ambitions
The latest drive is part of TPAC effort of positioning itself as a global brand with local roots. Working with local partners is Trans-Pacific Aerospace main play as it moves to expand its footprint in the region. Some of the established partners that the company will be relying on for growth include Bower Aero, which is expected to provide quality bearings.
Supporting the expansion drive is Trans-Pacific Aerospace Company Inc (OTCMKTS:TPAC) proprietary technologies that allow it to manufacture commercial aircraft consumable component parts. The company’s plain and self-lubricating spherical bearings are currently being used in both new and existing aircraft around the world.
HERITAGE PRINTING NPV (OTCMKTS:HAGE) Issues Update To Shareholders
HERITAGE PRINTING NPV (OTCMKTS:HAGE) recently provided an update to its shareholders, at the end of August 2016. In the update, the company president, Tom Graves, discussed HAGE’s position in the market, upcoming opportunities and future strategy and goals. Mr. Graves was of the view that 3D printers would soon become as common as inkjet printers, very soon. He also pointed out that the global market for 3D printing was valued at $2.3 billion for 2013 and is expected to grow 20.6% annually.
Mr. Graves stated that Heritage was founded to provide the highest-quality products, at an affordable price. Heritage has a wide array of printer models, some requiring their own workstations and some compact versions as well. HAGE’s printers also tend to get the print job done more quickly, than its competitors, due to multiple extruders. The company also revealed that it had reached an agreement with Artefactor Limited, a manufacturing and distribution company in China, which would allow it to enter the Asian markets.