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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 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
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    SOURCE TechPrecision Corporation
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