TechPrecision Corporation Receives Initial Order to Produce Advanced Thin Film Panel Equipment

USA - English

• USA - English

WESTMINSTER, Mass., Nov. 22, 2010 /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 that it has received an order to machine and fabricate production equipment used to produce advanced thin film panels from one of its customers. This first prototype is expected to ship by the end of calendar 2010, with production units anticipated during 2011.

"This order further diversifies TechPrecision's Poly-Si solar equipment products with Thin Film," said Mr. James Molinaro, Chief Executive Officer of TechPrecision Corporation. "Thin Film solar technology is the second largest volume technology in the solar market, after only Poly-Silicon, and this initial order gives us entry into another growing segment of the industry. We expect this line of business to be incremental to our growth. This order is a natural extension of the precision manufacturing process for which we are so well known and recognized. It demonstrates our customer's confidence in our ability to deliver a product to meet exacting requirements that integrates fabrication, machining, and assembly capabilities into the final product."

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.

SOURCE TechPrecision Corporation

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