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We are pleased to add Senvion as a key customer and that Senvion has chosen TPI as its wind blade outsource and technology partner for the Asian, Australian and South American markets, said Steve Lockard, President and CEO of TPI Composites.
TPI has agreed to pay a cash consideration of NOK100m to the Norwegian company in addition to the value of inventory transferred at the date of closing.
NEW TPI, LLC may acquire the remaining 20% stock of TPI within three years.
Upon completion of the sale and transfer of 100 percent of NEW TPI, LLC's ownership to Fortran, the transaction is expected to increase shareholder equity value and likely will be accretive to Fortran's earnings.
TPI is confident that working with Boeing on delivering this contract will further enhance existing capabilities and provide a foundation for a long lasting partnership between TPI and Boeing.
All future Oerlikon Skyshield C-RAM System marketed worldwide will comprise various components manufactured by the UAE-based TPI.
Therefore, in order to understand the effect of [gamma]-radiation on the blends of CPI and TPI, their thermophysical properties have been studied.
TPI followed its MIPDOC participation with exhibition at MIP-TV which is currently taking place at the Palais des Festival, Cannes, through Wednesday.
For more information about the TPI Index, visit www.
TPI Composites, headquartered in Warren, Rhode Island, is a leading manufacturer of large-scale composite structures for the wind energy, transportation, and military vehicle markets.
TPI, an advisor to global corporations on all facets of their service-delivery strategies for business support operations, has announced the developments for 2006 in the global outsourcing industry through the company's TPI Index report.
TPI is a leading integrator of audio and visual technologies specializing in turnkey multimedia solutions, prepackaged solutions and technical services.
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