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TechPrecision Corporation Receives $1.6 Million in New Orders from Existing Customers
Date:5/17/2011

CENTER VALLEY, Pa., May 17, 2011 /PRNewswire/ -- TechPrecision Corporation (OTC Bulletin Board: TPCS) ("TechPrecision," or "the Company"), an industry leading manufacturer of precision, large-scale fabricated and machined metal components and systems with customers in the alternative energy, cleantech, medical, nuclear, defense, aerospace and other commercial industries, today announced that it has received orders from three current customers with a combined value of approximately $1.6 million. The orders include:

  • $470,000 in aerospace orders for a combination of large, single-piece rocket domes and precision components for commercial aircraft jet engines. This order is expected to ship during TechPrecision's second fiscal 2012 quarter.
  • $1.1 million for additional medical equipment to fulfill additional customer orders while that which was recently shipped continues to undergo critical regulatory testing. This order is expected to ship during TechPrecision's second and third fiscal 2012 quarters.

  • "These incremental orders demonstrate the value our customers count on for our unique, large-scale quality components and assemblies," commented James Molinaro, CEO of TechPrecision Corporation. "Providing more than just fabrication and machining, our responsiveness and expertise continue to add meaningful value for our customers, resulting in additional business as they grow. These orders also represent further evidence of our successful focus on key verticals, which continue to drive the expansion of our platform and secure additional business for the Company."

    TechPrecision's Ranor subsidiary will be producing both the medical equipment and aerospace components.

    About TechPrecision CorporationTechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical Components Co., Ltd., is an industry leadi
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    SOURCE TechPrecision Corporation
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