CENTER VALLEY, Pa., Nov. 1, 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 its Wuxi Critical Mechanical Components Co., Ltd. (WCMC), subsidiary has received an order for high temperature precision vacuum chambers from a second Sapphire manufacturing equipment customer. Initial units of the order will ship from the WCMC division in China during December 2011 and January 2012 to qualify production, and ultimately high volume production units are currently scheduled to begin shipping in May 2012.
"We continue to diversify our customer base and expand our cleantech penetration, and we are excited to add another Sapphire customer who recognizes our value proposition for large-scale, precision machining, fabrication and quality assembly," commented James Molinaro, CEO of TechPrecision Corporation. "Cleantech growth remains strong in China and this order reflects customer demand for high-quality, cost-effective solutions. More and more companies now recognize TechPrecision's proven ability to fulfill their global requirements."
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: 646-536-7331Tel: 1- (484) 693-1702
|SOURCE TechPrecision Corporation|
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