« China Joins West in Major Outsourcing Partnership | Main | For Hot-Oil-System Users Only: Technical TipSheet »

August 18, 2021

Speedteq-Ti Building Expansion for Fastener Production

PHOENIX, AZ -- (MARKET WIRE) -- 08/18/2005 -- Speedteq-Ti, Inc., a publicly traded company (OTC: SDTQ) and manufacturer of high strength, affordable Titanium fasteners for the motorcycle, automotive and marine after-market. Speedteq-Ti will be expanding its (R&D;) Research & Development facility to help support additional manufacturing needs. "During the Titanium process & product development we have had to make use of some smaller areas, and with the recent changes and new business contracts that will be starting we will need additional space, aprox. 5000 sq. ft., for the new automated 'fastener' production lines," says Bradley Miller, Speedteq-Ti's CEO. "Our goal is to outgrow this newest addition quickly and then continue to expand into our future 'Factory' that is estimated today @ 34,000 sq. ft. This fully automated future location is on our architect's design 'sketch' board at present, and this next building would also serve as World Headquarters for Speedteq-Ti. Speedteq-Ti will also be negotiating with (2) larger Aerospace 'forging' facilities to add some 'large forging' capabilities for forming its high-strength Titaniums into larger shapes for commercial and consumer products. We are trying to create new business and jobs with our technology." Mr. Miller emphasizes that "all" of these production facilities and jobs will stay here in the USA and the only export will be our Speedteq-Ti Titanium products to overseas customers we will serve.

About Speedteq-Ti

Speedteq-Ti is a manufacturer of high strength, affordable titanium fasteners. Speedteq-Ti's fasteners, which include bolts, nuts, socket caps, studs and washers, are made in America. The company has offices and a manufacturing facility in the metropolitan Phoenix, Arizona, area. For more information on Speedteq products and services, visit their website: www.speedteq.com

Special Note Regarding Forward-Looking Statements:

Forward-looking statements in this news release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this news release that are not strictly historical statements, including without limitation, management's plans and objectives for future operations and management's assessment of market factors and statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of the company's future performance and are subject to a number of risks and uncertainties.

Posted by Industrial at August 18, 2021 02:13 PM