PST closing?

[DiveGolfSki]

They're going to need a lot of financing to stay a lot but I had someone run a report on them. A lot of judgments (i.e., lawsuits), liens on assets and what not. Not a great picture for longetivity. If DrBill's info on the loss of vehicle tank contract is correct, that's a major blow.

Does worthington have an equivalent product?

 

[D_O_H]

I would imagine that the exemption for the E series tanks is a valuable asset of PST that would be bought by someone and maintained, even if PST folds and is liquidated.

As the proud owner of a few E series tanks, that's my hope, at least.

 

[roakey]

I would imagine that the exemption for the E series tanks is a valuable asset of PST that would be bought by someone and maintained, even if PST folds and is liquidated.

Where's the money in that? The only people that might be interested would already be manufacturing cylinders, and it's in their best interest to see to it that it expires so they can sell more of their product...

Roak

 

[D_O_H]

Where's the money in that? The only people that might be interested would already be manufacturing cylinders, and it's in their best interest to see to it that it expires so they can sell more of their product...

Roak

I would assume the money is in obtaining the right to make and sell the E series cylinders themselves. They're a great product, in my opinion.

 

[lamont]

I would assume the money is in obtaining the right to make and sell the E series cylinders themselves. They're a great product, in my opinion.

I already got corrected on that account earlier in this thread.

Worthington is going to be manufacturing basically the same cylinders as PST, but they've got a different exemption...

 

[dlndavid]

Press Release
February 2, 2005
PST-Scuba Announces Facility Relocation, Improved Product Availability

PST-Scuba, a division of Pressed Steel Tank Company, has announced the company will relocate their Milwaukee, Wisconsin manufacturing facility during the second quarter of 2005. The relocation, plus investment in new equipment, is intended to improve availability of the company’s highly demanded E-Series™ steel diving cylinders.

Global shortages of steel and higher than anticipated market demand caused PST-Scuba to fall short in meeting customer requirements last year. Looking ahead, significant investment in raw material supplies and better production planning will also contribute towards greater product availability for the 2005 diving season and beyond.

Unrelated to PST-Scuba’s diving cylinder product line, Pressed Steel Tank Company phased out production of all obsolete products over the past year, such as compressed natural gas cylinders. The exit of dated product lines positioned the company for their facility relocation, allowing PST-Scuba to focus on reducing their order backlog. To prepare for their facility relocation, PST-Scuba has already begun pre-building inventories of their E-Series™ diving tanks.

PST-Scuba’s E-Series™ is the first scuba diving cylinder to feature a service pressure of 3442 psi and a yoke/DIN convertible valve. Advanced cylinder design features also include PST-Scuba’s exclusive hot dip galvanized finish, and superior buoyancy characteristics.

Details of PST-Scuba’s facility relocation, including change of address information, will be announced shortly.

Shortly? Half a year later and no new announcements. Well I'm going to be positive about their future, just bought my PST E series tanks this year.

 

[Hoosier]

LOL~~~~ I don't want to trash out all my PST E-series tanks soon.

 

[MikeC]

once the exemption expires its illegal to fill the tanks.


see the page 13 section 11last paragraph of the document I gave a link to.

noneed to change the regs just make tankes that meet the regs.. he new faber cyliders are still 3aa

Time to apply for a renewal is running short.. It has to be filed 60 days prior to the expiration to put the expiration on hold until adminstartion is complete.. otherwise it expires on the date listed..

A question about the filling after the exemption expires, is it illegal for anyone or just commercial operations to fill the tank IF an exemption expires?

 

[bradshsi]

The good news is that with the high price of gasoline many car makers are beefing up their fuel cell technolgies where CNG is the main fuel (and the demand for cylinders). The bad new is that the technology is still years away from being mainstream (except for certain city buses applications and other limited "experiments").

Hope they manage to survive though ... they seem to have a good product.

Actually there is some large scale useage of CNG on all vehicles not just city buses. New Delhi in India is one very large city that has required that almost all the vehicles in the city can run on CNG. In fact many of them are dual fuel (gasoline outside the city limits and CNG inside). It is quite amazing to see how quickly people there got used to it. (I've visited there several times).

The USA is rather backward when it comes to alternative fuel technologies and fuel effiiciency IMHO.

I too hope PST survive. I have one of their cylinders, and greatly prefer it over ALU 80's

 

[The Kraken]

For the life of me I can't understand how a tank loses its ability to hold compressed air just because some certificate issued by the government has expired.

If it was structurally sound before the expiration, then it's structurally sound afterwards.

That's a crock.

Just my opinion on the matter.

the K