TechPrecision Corporation Announces $3.9 Million Purchase Order from Solar Customer
Expands TechPrecision's Presence in the Rapidly Growing Solar Energy Market
WESTMINSTER, Mass., Sept. 29 /PRNewswire/ -- TechPrecision Corporation (OTC Bulletin Board: TPCS) ("TechPrecision", or "the Company"), a leading manufacturer of large-scale, high-precision machined metal fabrications with customers in the alternative energy, medical, nuclear, defense, aerospace and other commercial industries, today announced it has received a $3.9 million combined materials and labor purchase order from one of its largest customers, a recognized leader in the solar energy equipment market.
"We are enjoying a rebound in the core markets we serve, and this is particularly true in clean technology and solar energy," said Mr. James Molinaro, CEO of TechPrecision Corporation. "We continue to strengthen our relationships with our customer base, and this order demonstrates continued demand for our quality machining and fabrication, to support the ongoing resurgence of the solar energy market."
About TechPrecision Corporation
TechPrecision Corporation, through its wholly-owned subsidiary Ranor, Inc., manufactures metal fabricated and machined precision components and equipment. These products are used in a variety of markets including: alternative energy, medical, nuclear, defense, industrial, and aerospace to name a few. TechPrecision's goal is to be an end-to-end service provider to its customers by furnishing customized and integrated "turn-key" solutions for completed products requiring custom fabrication and machining, assembly, inspection 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 Statement
This 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: |
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Mr. Richard F. Fitzgerald |
Hayden IR |
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Chief Financial Officer |
Brett Maas |
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TechPrecision Corporation |
Phone: 646-536-7331 |
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Tel: 1-610-246-2116 |
Email: [email protected] |
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Email: [email protected] |
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SOURCE TechPrecision Corporation
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