Trans-Pacific Aerospace (TPAC.OB) Meets Eligibility Requirements for $2.2M Grant from China
Trans-Pacific Aerospace Company Inc., designer and manufacturer of bearing technologies for commercial aircraft use, today announced that its China enterprise has confirmed its eligibility to receive a 15 million yuan ($2.2 million) business development grant from China. Bill McKay, CEO of Trans-Pacific, said the eligibility reflects the Ministry of Science and Technology’s favor for the company, and that the eligibility positions Trans-Pacific as a recognized domestic China bearing manufacturer and a high-value company in the Guangzhou Technology Development Zone. Once the company finishes producing test parts, which will be submitted to the U.S. Navy for certification, McKay said the discussions…