Park Electrochemical Corp. (PKE)’s Q3 FY 2015 Earnings Conference Call Transcript

Ok, let me give you a little bit of an update on General Electric, which is a top five customer of ours. We committed on last couple of the quarters, we are on the 747-A program, and Revenues on the 747 programs should be on how many 747s Boeing sells, and GE through GE aviation I should say. An engine program for the 747-A, and right now it doesn’t seem like 747s are really hot seller but we’d cross our finger that maybe Boeing will get a big order for 747s made for cargo we don’t know. H320 Neal, the lift engine for the H320 NEAL we discussed that I think in our last call, that’s just ramping up now, that’s a very big program, that’s a new program, we are going to be starting to supply to that new program this year and that is a new program and quite a large program.
Let me share with you a little news that we have not discussed before, it’s actually been in the news recently, couple of things, I hope you noticed but the ARJ 21 original airliner made by the Chinese aviation company called COMAC recently received its flight certification in China and the airplane uses a CF3410A engine I think, yes that’s right, the GE engine, we are on that program. There’s this other news that you might be interested in, which that GE aviation is flight testing what they call their passport engine, that’s used for bombardier aircraft 7000/8000 global aircraft, and actually put it on a test bed of a 747 test bed that’s being flight tested now, we are on that program. There’s another airplane that COMAC Company is working on and hopefully is going to fly soon that’s a fifty year old, the airplane we did that we just certify as a regional jet. The next one is a COMAC 919, that’s a competitor I believe to the single liner aircraft made by Boeing and Airbus, that’s a leap engine that were going in that program so much leap engine that were used on the H320 NEAL, we are on that program. There are other programs which were not, I don’t think we have properly discussed right now, but since those two programs were in the news in the last week or two you might want to look it up or google them, I thought you might be interested to know where we are in those two programs. Sorry, the passport program and the RJ Chinese regional jet RJ21 CF2410-A GE engine.
Last that I want to cover is two new products are expected to be commercialized this month. One in electronics, one in airspace, and these are significant products both of them. Both, I would say are high end technology type products so watch out for announcements on our new products, like I said they are scheduled to be commercialized this month and hopefully we can make that part. I’m not promising but that’s our schedule now. I think I mentioned this to you before that PARK has a little bit different philosophy about commercializing product maybe some other companies, we hold back products much more than others probably would, when we commercialize our product we feel very confident on the product we test it and test it and test it until it’s ready to go, that means that the day it’s commercialized, our customer can call, our customer servers can order the product and we’ll say ok fine we’ll have it for you next week. It’s not like well, we don’t really have that product yet but that’s commercializing means to us.
Ok, so those are some updates and that’s what I have for now. Operator can we go to some questions please.