Monday, August 15, 2011

TechPrecision (OTC:TPCS) Receives New Purchase Order from Wuxi

TechPrecision (OTC:TPCS) Receives New Purchase Order from WuxiOxford, MS 8/15/2011 (PennyPayDay) – TechPrecision Corporation (OTC:TPCS) today announced, in a press release, that it has received a purchase order for its Wuxi Critical Mechanical Components Co., Ltd. (WCMC) subsidiary to produce high-temperature vacuum chambers for Sapphire manufacturing equipment. Initial units of the order will ship from the WCMC division in China in September and October of 2011 and high volume production is forecasted to begin during calendar 2012.

"Sapphire is a key growth area for us and we are very pleased to extend our core competencies into producing high-temperature vacuum chambers for the Sapphire market," commented James Molinaro, CEO of TechPrecision Corporation. "Our China-based managers are partnering with our China teams to ensure that we continue to produce consistently high quality chambers, coupled with the cost benefits associated with the WCMC operation, to create significant value for our customers. We look forward to expanding our Sapphire chamber offerings in this rapid growth market, generating additional revenue, and delivering a competitively priced, quality product to our growing global customer base."

TechPrecision, through its wholly owned subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical Components Co., Ltd., is a 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.


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