Chinese Ambassador Briefed On Benefits of Fractional Ownership of U.S. Low-Volume Manufacturing Assets.PORTLAND, Ore. -- Key members of the Chinese diplomatic corps, including His Excellency HIS EXCELLENCY. A title given by the constitution of Massachusetts to the governor of that commonwealth. Const. part 2, c. 2, s. 1, art. 1. This title is customarily given to the governors of the other states, whether it be the official designation in their constitutions and laws or not. Zhou Wenzhong, Ambassador to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , met here to learn about opportunities in fractional ownership In business, fractional ownership is a percentage share of an expensive asset. Shares are sold to individual owners. A fractional owner enjoys priorities and privileges, such as reduced rates, priority access on holidays and income sharing. of U.S.-based rapid prototyping Building a part one layer at a time using a method of additive fabrication such as 3D printing. Such parts are used for concept modeling to determine if the product design meets the customer's expectations. and rapid manufacturing Building parts out of plastic or metal one layer at a time using a method of additive fabrication such as 3D printing. Multiple pieces, either similar or dissimilar, can be built simultaneously. (RP-RM) equipment. David A. McInnis, who led the U.S. delegation of business executives, explained to the Chinese Ambassador and his colleagues how fractional ownership of RP-RM technology can serve the interests of both the United States and China. McInnis is founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Tangible Express, a Springville, Utah-based company that is the first in the world to offer shared ownership of state-of-the-art, low-volume manufacturing technology. While the Chinese are proven global leaders in mass production, the country frequently must turn away low-volume production orders and prototype-related work. In a formal presentation, C. Alex Linde, Tangible Express' President and COO, showed the Chinese diplomats how their country can strategically deploy U.S.-based RP-RM manufacturing to serve their clients' short-run manufacturing and prototyping needs. Ambassador Wenzhong, who was joined by members of both the Chinese Embassy in Washington D.C. and the San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden Consulate, expressed strong interest in Tangible Express' business model and how it might aide Chinese manufacturers. "It is a wonderful idea to improve efficiency and cut costs," the Ambassador said of RP-RM after the briefing was completed. "The Chinese people The following is a '''list of famous Chinese-speaking/writing people. Note in Chinese names, the family name is typically placed first (for example, the family name of "Xu Feng" is "Xu"). like [efficiency and cost cutting] very much." Tangible Express' Linde stressed the fact that his company's patent-pending system makes it possible for any global company to own and control key, high-tech manufacturing assets in the U.S. at a fraction of the cost of purchasing and operating those assets outright. Importantly, Linde noted, U.S.-based companies that do large-volume production overseas can utilize the Tangible Express model to rapidly design, make and test small-volume runs before committing to full, costly production. Tangible Express' McInnis, Linde and other key company executives will visit China in October to continue their briefings and meet with Chinese manufacturers seeking to invest in the United States. "We were truly heartened by the strong interest Ambassador Wenzhong took in Tangible Express," McInnis said. "The investment of his time and that of senior members of his diplomatic corps illustrates the enormous power embodied in our vision of shared-manufacturing." Tangible Express came to the attention of the Chinese on the heels of its rapid growth and success making shares of RP-RM equipment available to U.S. manufacturers, engineers and designers. The Tangible Express model allows companies the benefits of ownership, without incurring the expense, overcapacity, repair and maintenance hassles, or risks of obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. that are associated with full ownership. Companies that buy Tangible Express fractional shares are also able to access the unused capacity of other fractional owners if their needs change or grow. More information on the innovative solutions offered by Tangible Express and its parent company, US Reliant is available at www.tangibleexpress.com and www.usreliant.com. |
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