TechPrecision Corporation Promotes Christopher Poplaski to President of WCMC Division
Management Change Supports Growing Demand for Production Volumes in China
CENTER VALLEY, Pa., July 19, 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 promoted Christopher Poplaski to president of Wuxi Critical Mechanical Components Co., Ltd. (WCMC), its China-based subsidiary, to support the growing demand for production volumes from the WCMC Division. He will be based at the Wuxi operation effective July 25.
Mr. Poplaski will focus on increasing the operational footprint of the WCMC Division in China to meet growing customer demands. He will also develop the joint teams from America based in China to work with the local labor force to ensure consistent quality.
Prior to his promotion, Mr. Poplaski had been serving as vice president of corporate operations since joining the Company in March, 2011. In that position, he was responsible for helping TechPrecision and Wuxi Critical Mechanical Components Co., Ltd., expand production volumes in China, as well as lead efforts to locate and establish a second manufacturing operation in the United States to support the Company's continued growth. Mr. Poplaski has more than 20 years of management experience in the machining and fabrication industry developing and implementing effective operations with a focus on long-term growth and cost reduction strategies. He has extensive operational knowledge and skills including operations and project management, business development, commercial negotiations, procurement, strategic business planning and sales management. He is fluent in ASME Section III, VIII and NQA-1 industry certifications and requirements.
"We are pleased that Chris will be focused on the rapid growth of our WCMC division and developing our US and China workforce to jointly produce consistent, quality products in China," commented James Molinaro, CEO of TechPrecision Corporation. "His wide range of operational experience has already played a key role as we aggressively expanded production volumes in our new China subsidiary and his industry and certification expertise, and extensive industry contacts, will continue to serve TechPrecision well with this new appointment."
"I am honored to accept this new and challenging position and look forward to contributing to the expansion of the WCMC division as we continue to create an additional platform with the same level of quality products, consistent manufacturability and quick time to market that is already the hallmark of TechPrecision's Ranor division," commented Mr. Poplaski.
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.
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- (484) 693-1702 |
Email: [email protected] |
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Email: [email protected] |
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SOURCE TechPrecision Corporation
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