Navigation Links
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 leading, global manufacturer of precision, large-scale fabricated and machined metal components and systems. These products are used in a variety of markets including: renewable energy (solar and wind), medical, nuclear, defense, industrial, and aerospace. TechPrecision's mission is to be the leading end-to-end global service provider to its markets by furnishing custom, fully integrated "turn-key" solutions for complete products that require custom fabrication, precision machining, assembly, integration, inspection, non-destructive evaluation and testing. To learn more about the Company, please visit the corporate website at http://www.techprecision.com. Information on the Company's website or any other website does not constitute a part of this press release.

    Safe Harbor StatementThis release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the Company's ability to generate business from long-term contracts rather than individual purchase orders, its dependence upon a limited number of customers, its ability to successfully bid on projects, and other risks discussed in the company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.Company Contact:Investor Relations Contact:Mr. Richard F. Fitzgerald

    Hayden IRChief Financial Officer

    Brett MaasTechPrecision Corporation

    Phone: 646-536-7331 Tel: 1- (484) 693-1702

    Email: brett@haydenir.com Email: Fitzgeraldr@techprecision.comwww.techprecision.com
    '/>"/>

    SOURCE TechPrecision Corporation
    Copyright©2010 PR Newswire.
    All rights reserved

    Related medicine technology :

    1. TechPrecision Corporation Receives New $450,000 Medical Purchase Order
    2. SenSage Named Cerner Corporations Accelerate Partner of the Year
    3. Boston Scientific Announces Favorable Jury Verdict Against Cordis Corporation in Stent Patent Litigation
    4. Henry Schein Ranks #317 in 2011 Fortune 500 Ranking of Americas Largest Corporations
    5. Omeros Corporation Reports First Quarter 2011 Financial Results
    6. Vista Partners Initiates Coverage on Helix BioPharma Corporation; Target Price $6.20
    7. Generex Biotechnology Corporation CEO Presentation Now Available for On-Demand Viewing at RetailInvestorConferences.com
    8. Luminex Corporation Reports First Quarter 2011 Results
    9. Unilife Corporation to Announce Financial Results for Fiscal 2011 Third Quarter on Monday, May 16, 2011
    10. ShangPharma Corporation to Announce First Quarter 2011 Financial Results on May 19, 2011
    11. CryoLife Announces Final Results of Tender Offer for 49.9 Percent of the Outstanding Shares of Cardiogenesis Corporation
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:3/24/2017)... FinancialBuzz.com News Commentary  ... According to new data ... research, the legal cannabis market is projected to continue to ... signals from the current presidential administration. The report created by ... drivers of growth in this industry are the passage and ...
    (Date:3/24/2017)... Research and Markets has announced the addition of the ... offering. ... is very strong with a total of 97 drug candidates. Pharma giant ... are involved in the development of the IPF therapeutics. The IPF pipeline ... stage, 15 are in Phase II stage, 12 are in Phase I ...
    (Date:3/24/2017)... March 24, 2017 A ReportsnReports.com report says, ... growing rapidly as the global sales of Adcetris and Kadcyla have ... the antibody drug conjugates market is driven by large number of ... wider therapeutic window offered by ADCs. ... Browse 3 Tables and 94 Figures, 10 Major ...
    Breaking Medicine Technology:
    (Date:3/24/2017)... ... March 24, 2017 , ... According to a new ... invalid because it does not obey the rules Congress has directed the CBO to ... which the GOP reform would restore. Yet, it estimates a reduction in employer-based coverage ...
    (Date:3/24/2017)... Diego, Calif. (PRWEB) , ... March 24, 2017 ... ... has raised over $100,000 for its innovative EcoQube Frame vertical micro-veggies garden on ... the instant demand for the product – with nearly 2,000 consumers (and counting) ...
    (Date:3/24/2017)... ... March 24, 2017 , ... Viewers who like to educate ... historical facts, cultural practices, goods, services, and societal issues tend to appreciate and love ... the popular practice of utilizing running events for causes around the world. ...
    (Date:3/24/2017)... ... March 24, 2017 , ... “End Time GPS”: a dauntless and ... “End Time GPS” is the creation of published author, Wesley Gerboth, a World ... military munitions and space-vehicle projects. Now, at age ninety-one, he shares the Wisdom God ...
    (Date:3/23/2017)... ... 2017 , ... A recent report from the National Council on Teacher Quality ... report suggests, based on a review of GPA and SAT/ACT requirements at 221 institutions ... U.S. It argues that this higher bar should be set by states, by the ...
    Breaking Medicine News(10 mins):