TechPrecision Corporation Completes Facility Expansion, Enhances Nuclear Manufacturing Capabilities

CENTER VALLEY, Pa., Dec. 22, 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 completed strategic enhancements to its Ranor facility in Westminster, Mass., better positioning TechPrecision and Ranor to capture a share of the large and growing opportunity for manufacturing and retrofitting of large-scale NPP Primary Loop Components, or large-scale assemblies, for nuclear power generators. These components typically generate revenue of $3 million to $8 million, per unit, for TechPrecision.

Enhancements include a 20,000 square foot expansion of the Ranor manufacturing facility and the installation and qualification of a new Gantry mill, which is now fully operational and has begun producing N-Stamp (nuclear) certified products.

TechPrecision is one of few remaining N-stamp ASME certified machining/fabrication companies in the U.S. The new Gantry mill has a footprint that allows it to cut metal 40 ft. x 16 ft. x 16 ft. with 0.001" accuracy, and enables TechPrecision to build Prime components. The Company expects to receive its first prime nuclear order early in calendar 2012.

"We have a strong pipeline of opportunities and the completion of the Ranor facility expansion and Gantry mill installation strategically positions us to better serve the nuclear industry, and also allows us to capture more of this business going forward," said Mr. James Molinaro, CEO of TechPrecision Corporation. "The need for a new generation of advanced-passive nuclear plants constructed on a global basis is huge, particularly in China where 26 new plants are under contract. In addition, six plants are being constructed in the United States as well as five in Europe, and contractors are seeking qualified and competent fabricators, like Ranor, to meet this growing demand. Our expanded capabilities and capacity allow us to be an active participant and partner in the supply chain for this market, helping to diversify our revenues and supporting our aggressive growth objectives for the coming year."

About TechPrecision Corporation

TechPrecision 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 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.

SOURCE TechPrecision Corporation

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