TechPrecision Corporation Secures Multi Million Dollar LOI From New Tier-1 Clean Tech Sector Customer

WESTMINSTER, Mass., Aug. 5 /PRNewswire-FirstCall/ -- 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 a multi-million dollar letter of intent and an initial several hundred thousand dollar Project Engineering purchase order from a new Tier-1, publicly traded energy/industrial sector customer. The contract is further evidence of TechPrecision's success in diversifying its customer base and adding additional top-tier customers.

TechPrecision's Ranor subsidiary will produce the process chambers for a new point-of-use industrial gas generation system.  This agreement augments TechPrecision's strategic position in the emerging clean tech industry.

"This agreement bolsters our position in the rapidly growing clean technology vertical, and adds another Tier-1 customer to our expanding base," commented James Molinaro, Chief Executive Officer of TechPrecision. "The initial purchase order is for project engineering, and we expect production units to ship approximately one year from now with higher volumes anticipated in late 2011 or early 2012 after successful testing. We remain focused on diversifying our customer base by adding Tier-1 customers, and this agreement is validation that we are on the right path."

"We continue to see strength in our core markets, as a rebound is underway," Mr. Molinaro continued. "This positive trend is particularly true in the clean technology sector, and we are pleased to add this large, global leader in that space as a new customer. Our innovative solutions and unique technical expertise in metal fabrication, machining and assembly provide unique competitive advantages and as these industries continue to improve, we expect to benefit."

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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