TPCS 1.10 up .04....get this--->only 14m out.
B: TechPrecision Enters Into Exclusive Manufacturing Contract With Sionix Corpor
WESTMINSTER, Mass., Feb 23, 2010 /PRNewswire via COMTEX/ --
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 the execution of a three-year exclusive U.S. agreement to
manufacture DAF-based (dissolved air flotation) water treatment systems for
Sionix Corporation (OTC Bulletin Board: SINX). During more than 50 years of
operation, TechPrecision and its subsidiary have participated in a number of
high-visibility, successful manufacturing and product development efforts
spanning many of the same markets Sionix penetrates. In addition,
TechPrecision's expansive facilities provide the agile workspace required for
production of Sionix products.
Louis A. Winoski, CEO of TechPrecision, commented, "TechPrecision is honored
and excited to be chosen by Sionix to provide their DAF-based water treatment
systems. We recognize the unmet need for this technology in the marketplace,
and are eager to enter this new vertical and help Sionix accelerate its
business. Part of our business model involves entering new, potentially
high-value market verticals and partnering with enterprises which value, and
thus seek to leverage, our manufacturing prowess. This new relationship with
Sionix is a perfect example of this strategy being executed. We look forward
to a mutually profitable relationship that maximizes our capabilities while
providing Sionix customers with the technology they need within the two to
three month delivery timelines required to meet initial Sionix customer
orders."
Sionix DAF water treatment systems target a wide range of niche applications
for a shipping container-mounted water purification system. Sionix equipment
enables water purification at any remote site or location either with limited
access or insufficient infrastructure for permanent water purification
facilities. Its portability and turnkey approach make it an ideal solution
for remote and other situations. Potential applications include: oil and gas
drilling; treatment of abandoned mine discharge; emergency and disaster
relief through private contractors as well as government entities such as
FEMA and military in forward deployments; developing nations and remote
villages in second and third world countries; various industrial applications
including cosmetics, pharmaceutical, chemical, food processing, and
hospitals; agricultural applications including irrigation and recycling of
water; and use by small municipalities seeking wastewater treatment
facilities on limited municipal budgets. The total market size exceeds $1
billion if the technology becomes widely adopted within these target markets.
The initial agreement calls for TechPrecision to manufacture 15-25 units in
the first year. The agreement has significant upside potential to
TechPrecision if market penetration and uptake rates exceed initial estimates.
James R. Currier, the Chairman and CEO of Sionix, commented,
"TechPrecision's manufacturing agility and responsiveness are perfectly
suited for our needs as Sionix enters this exciting growth stage. Sionix
products and technology fit well within TechPrecision's manufacturing
expertise as an industry leading turn-key solutions provider. The agreement
with TechPrecision will provide the necessary manufacturing capital and
supply chain assurance required for Sionix to quickly respond to the growing
market for its water treatment systems. TechPrecision's long record of high
quality, attention to detail, and industry-leading customer service speaks
for itself, and will provide Sionix with the flexibility to execute other
aspects of our growth strategy."
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.
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 techprecision.com. Information on the Company's website or any
other website does not constitute a part of this press release. END
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NEXT- B: TechPrecision Corporation to Present at 22nd Annual Roth Capit
B: TechPrecision Corporation to Present at 22nd Annual Roth Capital Partners OC
WESTMINSTER, Mass., Feb 18, 2010 /PRNewswire via COMTEX/ --
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 Lou Winoski, Interim CEO, and Richard Fitzgerald, CFO, will
present at the 22nd Annual Roth Capital Partners OC Growth Stock Conference.
TechPrecision's 30-minute presentation is scheduled for 2 p.m. (Pacific) on
Monday, March 15, 2010 at The Ritz-Carlton, Laguna Niguel in Track 8.
Following the presentation, management will be available for a breakout
session. Management will be available during the day for one-on-one meetings.
Please contact OneonOneRequests@roth.com or call (800) 678-9147 and ask for
Nazan Akdeniz or Tami Stegmaier to schedule a one-on-one meeting.
The presentation will be webcast. Interested parties can view the
presentation at wsw.com.
TechPrecision will discuss the Company's recent repositioning to more
proactively pursue longer term production programs and leverage the Company's
unique capabilities across the various sectors it serves. TechPrecision
remains one of the few companies in its market space that can fulfill demand
for the manufacture of large-scale, high-precision machined metal
fabrications, which is a competitive advantage, and positions TechPrecision
for long-term, sustainable growth.
About ROTH Capital Partners
ROTH is a full service investment banking firm dedicated to the small-cap
public market. Since its inception in 1984, ROTH has been an innovator in
this market. In the 1990s ROTH participated in underwriting IPOs for
small-cap companies. As this market changed, ROTH helped develop the PIPE
(private investment in public equity) financing structure. ROTH was one of
the first U.S. investment banks to focus on financing small-cap Chinese
companies, and established a Representative Office in Shanghai in 2007.
About TechPrecision Corporation
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