part of china deal details, page-5

And to up-date:
(Feb 2009) http://biz.yahoo.com/e/090219/tpid.ob10-q.html
http://www.sec.gov/Archives/edgar/data/1011550/000112178109000217/tpid10q33109.htm

Or compare notes with TPID followers:
http://ragingbull.quote.com/mboard/boards.cgi?board=TPID&startfrom=28918

Maybe keep up with the TPID web-site:
http://www.tpid.com/

And some notes from that March Qtrly of relevance:

NOTE C - NATIONAL CONTRACT WITH THE PEOPLE’S REPUBLIC OF CHINA

In August 2007, the Company, through its Chinese joint venture affiliate, entered into a contract with the National Quality Inspection Department of the State General Administration for Quality Supervision, Inspection and Quarantine of the People's Republic of China ("AQSIQ"), to develop a national safety/security system for China's liquefied natural gas and other pressurized canisters and other special equipment.

On November 3, 2008, the Company entered into several definitive agreements with Saddington Limited (“Saddington”), a British Virgin Island company, which has resulted in, among other things, funding for the Chinese National Gas Tank Contract with the State General Administration for Quality Supervision, Inspection and Quarantine of the People's Republic of China (“AQSIQ”) (collectively, the “Saddington Agreements”).

Under the Saddington Agreements, Saddington has secured and will provide the funding needed to immediately roll out and maintain the rights to the AQSIQ Chinese National Gas Tank Contract. The Company will receive a 5% share of the net operating profits before taxes for the first two and a half years, and 5% of the gross revenues thereafter, from the AQSIQ National Gas Tank Project and any other projects and contracts with AQSIQ under AQSIQ’s 2007 Official National Special Equipment Security Standard Circular to anti-counterfeit other Chinese special equipment (medical gas tanks, elevator parts, automobile manufacturing equipment, amusement park apparatus, cell phone batteries), the Chinese National Car and Motorcycle Part Contract with the China Federation of Industry and Commerce Auto & Motorbike Parts articles for Use Chamber of Commerce, the Chinese Painting and Calligraphy Contract with the Beijing & Calligraphy Collector Association, and the Chinese Pharmaceutical Contract with Helida (Xinyang) Pharmaceuticals Co., Ltd.

In return, Saddington will receive the all rights to the intellectual property of the Company, including all trademarks, patents, marks, and logos; all rights to all contracts with AQSIQ, including the AQSIQ Gas Tank Contract; the AQSIQ Gas Tank Joint Venture; and any and all other contracts in Asia; all of the Company’s fixed assets and business in Asia, including the right to use the business name of TPID in Asia; the Company’s interest in TPID Beijing; and the entire share capital of TPID Hong Kong. Saddington will license back to the Company the rights to exploit the intellectual property in the rest of the world outside Asia in return for the payment of specified royalties.

Approximately $3.3 million in funding has already been received from Saddington, of which $1.75 million is currently classified on the balance sheet as restricted cash for the funding and operations of the Chinese National Gas Tank Contract. As of March 31, 2009 Saddington was still engaged in their final due diligence and the transaction had not yet closed. The transaction is expected to close during the fourth quarter of fiscal year 2009.