2008-08-28 14:08:03 -
- TechPrecision Corporation (OTC Bulletin Board: TPCS) ("TechPrecision", or "the Company"), a leading manufacturer of large-scale, high-precision machined metal fabrications for the alternative energy, medical, nuclear, defense, aerospace and other commercial industries, announced today that its wholly owned subsidiary, Ranor, Inc. ("Ranor"), received its renewal Certificates of Authorization from the American Society of Mechanical Engineers ("ASME"). The Certificates of Authorization,
as outlined below, cover the Company's facilities on Bella Drive, Westminster, Massachusetts and are an integral part of Ranor's ongoing business plan to be a supplier to the emerging nuclear renaissance. -0- -- N - Certificate Number N-3168; Expiration Date: May 20, 2011 Construction of class 1, 2, 3 & MC vessels; class 2 & 3 storage tanks; and class 1, 2 & 3 shop assembly at the above location only with additional machining activities at 245 Crawford Street, Fitchburg, Massachusetts 01420 -- NA - Certificate Number N-3084; Expiration Date: May 20, 2011 Class 1, 2 & 3 shop assembly at the above location only -- NPT - Certificate Number N-3085; Expiration Date: May 20, 2011 Class 1, 2, 3, MC, TC & SC fabrication without design responsibility for appurtenances and class 1, 2, 3 & MC supports (supports limited to the 1998 edition, 1998 addenda and earlier editions and addenda of the code) and as a material organization supplying ferrous and nonferrous material at the above location only -- NS - Certificate Number N-3086; Expiration Date: May 20, 2011 Class 1, 2 & 3 fabrication without design responsibility for supports at the above location only
"Maintaining our ASME accreditation for over 30 years clearly demonstrates our continued commitment to the highest possible production standards. Quality assurance has played a key role in our success to date and is vital to our customers," said James Reindl, CEO of TechPrecision. "As one of a few U.S. companies with the ASME certificates required to manufacture and transport commercial nuclear equipment, we believe that we are well positioned to take advantage of the potential resurgence of nuclear power in the U.S. and abroad."
Information about the ASME can be viewed on the organization's website: www.asme.org.
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
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.
TechPrecision Corporation:
Mr. James G. Reindl, 1-978-874-0591
Chairman and CEO
reindlj@ranor.com
www.techprecision.com
or
Investor Relations:
CCG Investor Relations
Mr. Crocker Coulson, 1-646-213-1915 (NY office)
President
crocker.coulson@ccgir.com
or
Mr. Gary Chin, 1-646-213-1909
gary.chin@ccgir.com
www.ccgir.com