TechPrecision Corp. (TPCS) Increases Revenue through Continued Expansion of Diversified Platform
Located in Westminster, Mass, TechPrecision is a leading manufacturer of large-scale, high-precision machine metal fabrications with customers in an array of commercial industries. Today, TechPrecision took a major step towards prominence with the announcement of three notable orders.
The orders come from the defense, medical and commercial sectors and have a combined value of $1.25 million. The orders include a $550,000 combined purchase order from a multi-billion dollar performance materials company, a $450,000 order from a defense-related customer and a $250,000 purchase order from a medical technology customer.
Leading the way at TechPrecision is James Molinaro who serves as the company’s CEO. Commenting on what these orders mean to the future of TechPrecision, Molinaro was quoted as saying, “These orders represent our increasingly successful strategy of developing high level supply chain relationships in the defense sector, critical follow-on orders with a medical device customer, and an order to deliver the first series of next generation production systems for a customer in our growing commercial vertical. We are pleased that our recent achievements are meeting our expectations for enhanced revenue generation within the wide range of market verticals represented by our customers.”
To learn more about this up-and-coming company, visit their corporate website at: techprecision.com
Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.