Archive for the ‘TechPrecision Corp. TPCS’ Category

Small Cap Voice Featured Client: TechPrecision Corp. (TPCS.OB)

Wednesday, October 22nd, 2008

Headquartered in Westminster, Massachusetts, TechPrecision Corporation, through its wholly-owned subsidiary Ranor, Inc., manufactures metal fabricated and machined precision components and equipment. Their corporate mission is to excel in precision manufacturing that provides their clientele high quality and complete program management and integration services.

TechPrecision is an end-to-end solutions provider. They have the ability to engineer the required tooling and the entire manufacturing process for each respective production program, and fabricate, machine, assemble, test, and deliver large scale projects with tight tolerance levels. The company earns much of its revenues from the alternative energy industry. They also manufacture products for the aerospace/defense, medical, nuclear, and various other commercial industries.

Ranor, Inc. is one of the few facilities in the U.S. with certifications and authorizations issued by the American Society of Mechanical Engineers (ASME), which allow the design and construction of commercial nuclear equipment as well as nuclear storage and transportation equipment. By paying special attention to detail and maintaining a staff of professionals committed to quality and excellence, the company has earned an excellent reputation.

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TechPrecision Corp. (TPCS.OB) Reports Strong 4th Quarter Results

Wednesday, June 25th, 2008

TechPrecision Corp. (TPCS.OB), through its wholly-owned subsidiary Ranor Inc., manufactures metal fabricated and machined precision components and equipment. The company’s products are used in a variety of markets, including alternative energy, nuclear, medical, industrial, defense and aerospace.

TechPrecision provides critical components to several key industries such as medical and alternative energy. The company is currently working with a customer to help develop a Proton Beam Therapy machine. Proton Beam Therapy is an alternative method of delivering radiation treatments to cancer patients with minimal collateral damage to surrounding healthy tissue and organs.

TechPrecision provides critical proprietary components for the solar industry, and has a track record of providing key components to the nuclear industry as well. The company supplies commercial nuclear work by producing parts used in power plants, or products that are used to store and/or transport nuclear material. The company is one of the very few companies certified by the American Society of Mechanical Engineers (ASME) to do such work.

Both the solar and nuclear industries are expected to experience rapid growth due to continued strong demand for energy coupled with concerns about carbon emissions and dependence on foreign oil. These macro-economic trends are currently in TechPrecision’s favor and are showing up in the company’s earnings report. For the 4th fiscal quarter of 2008, sales for the company increased by 64.5% to $9.3 million and profit rose 185.6% to $2.6 million.

The increase in sales and profit reflects TechPrecision’s business re-focus towards longer-term, high volume projects with more predictable cost structures in the alternative energy, nuclear, and medical industries. As one of the few full-service fabrication and machining companies that can supply large high-precision key components and complete program integration, TechPrecision believes that it is well positioned to benefit from strong demand from the various industrial sectors the company serves.

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