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Trans-Pacific Aerospace Company, Inc. (TPAC 0.29, -0.02, -6.45%) announced today that it has appointed Greg Archer, an aerospace veteran from Northrop Grumman, to serve on its board of directors. Additionally, the Company announced the appointment of Keith Moore to its board of directors and audit committee chair.
Mr. Archer has over 24 years of aerospace industry experience as an executive with Northrop Grumman Corporation. From December 2002 through March 2010, he served as director of procurement & global supply chain for the Aerospace Systems sector of Northrop Grumman. Mr. Archer was responsible for the procurement of goods and services valued in excess of one billion dollars and some thirty million parts across multiple programs and platforms. He was the chief procurement officer for the sector and directed an organization responsible for a wide range of products and services. In addition to his procurement responsibilities, he was also responsible for commodity engineering, managing supplier technical solutions across all programs leading an organization made up of engineering professionals from the disciplines of manufacturing engineering, industrial engineering and electrical engineering.
"We're happy to have Greg on board," said Bill McKay, Trans-Pacific Aerospace CEO. "Greg brings a wealth of knowledge and expertise in the aerospace industry and will be instrumental in executing on the Company's strategic plans. He'll be playing a hands-on role securing long-term contracts and in obtaining approvals on more and more bearing products in the United States and in Europe. As Trans-Pacific develops new product lines for applications in China we believe that Greg will be able to work with several of China's new super ministries, which we hope will give us a marketable advantage in the Chinese maritime, power plant and space sectors."
The Company also appointed Keith Moore to its Board of Directors and formed an Audit Committee of our Board of Directors, of which Mr. Moore is the initial member.
Mr. Moore has served his entire career founding, growing and financing technology and service companies. Throughout his career Mr. Moore has served in various executive capacities for micro-cap to Russell 1000 companies, including Activision, Inc., POPcast Communications Corp., and Cinemaware, Inc. Mr. Moore has raised over $100 million for these organizations and has grown collective revenues in excess of $600 million. From 1996 through December 2010, Mr. Moore served in Chief Executive and other executive capacities for Activision, Inc., Service Advantage International, Inc., POPcast Communications Corp., Cinemaware, Inc. and iTechexpress, Inc., overseeing their respective strategic growth and capital raises. From 1991 through 1996, Mr. Moore served as President, Chief Operating Officer, Chief Financial Officer, Director and Consultant of Activision, Inc. recognized as the international market leader in videogames and multimedia software. Mr. Moore is a founder of International Consumer Technologies Corp. and was Vice President, Chief Financial Officer and Director since its inception in July 1986 until its merger into Activision in December 1991.
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.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| 6002ZZ KOYO | 15 | 32 | 9 |
| 6902ZZ KOYO | 15 | 28 | 7 |