wcapital

GT Solar: Will the Sun Shine On This Solar IPO?

Received this today after forwarding copy of this article:

Subject: TechPrecision (TPCS) - Growth in Solar

TechPrecision (TPCS), with over 50 years experience in the high-precision manufacturing business, currently has the majority of its business coming from the solar sector. With TPCS’s focus on long-term contracts and those in the high-growth solar industry, TechPrecision realized substantial growth, as reported in its Year-end results for March 31, 2008. Some highlights of those results were:

· Net sales increased 66.6% to $31.8 million

· Gross profit rose 135.2% to $8.3 million

· Operating income grew 342.8% to $6.4 million

· Net income rose to $3.5 million from $290,000



The article below and the link to a WSJ article shows how TPCS’s largest customer, GT Solar is in the process of an IPO of over $500 million, which looks to buck the trend in the recent IPO market. When looking at the solar industry, Solarbuzz has reported that PV industry revenues will reach $26 billion by 2011, which represents a 19.7% compound annual growth rate.



TPCS is a highly valuable contractor in the alternative energy industry and is well positioned to capitalize on that growth.



Best regards,



Aubrye Harris

CCG Investor Relations

Ph: [phone] ext. 103