The very reason I have been pushing the view that TZ would be...

The very reason I have been pushing the view that TZ would be most unwise to engage in JVs with large manufacturing fastener companies let alone acquire their own production capacity. Blue sky pe valuations that I expect to be reached in the next 3-5 years would be severely limited. They are of the same mind obviously given their moves to obtain broad access to third party manufacturers. The only advantage in in-house production would be for the ultimate high tech applications of SMA such as medical devices.

Remember too that TZ management is way ahead of us. I noted the thread on some of their patent activity. These published patents point to their thinking several years ago. The current activity is not yet published.

Meanwhile the applications just keep mounting up. The second generation devices are now gaining acceptance on a huge scale. These markets will swamp the high tech aerospace applications.