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

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."

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