TechPrecision Corporation Announces Nuclear Contract Award from AREVA NP

WESTMINSTER, Mass.--(BUSINESS WIRE)--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, announced today that its wholly owned subsidiary Ranor, Inc. was awarded a contract from AREVA NP Inc. of Lynchburg, VA. The Company expects that the order will be filled during the fiscal year ending March 31, 2010.

“This order, while important for showing the scope of work that we are conducting, does not represent a significant increase in our backlog.”

Pursuant to this contract, the Company is to supply the primary components of the Upper Lateral Supports for replacement steam generators for utilities in the United States.

“We are pleased to have received this award from AREVA NP, a leading supplier to the nuclear power industry,” stated Mr. James Reindl, CEO of TechPrecision. “Importantly, this represents yet another nuclear contract award for us this year, further substantiating our belief that we will benefit from the emerging global nuclear renaissance even during the current economic conditions. We are one of the few companies in the U.S. with all the American Society of Mechanical Engineers (“ASME”) certificates required to manufacture commercial nuclear equipment and we continue to see the nuclear opportunity as an additional platform to create long-term sustainable growth for TechPrecision.” Mr. Reindl added, “This order, while important for showing the scope of work that we are conducting, does not represent a significant increase in our backlog.”

AREVA NP is a world leader in the design and construction of nuclear power plants and research reactors, engineering, instrumentation and control, modernization, maintenance and repair services, component manufacture and supply of nuclear fuel. The jointly-owned company is headquartered in Paris, with regional subsidiaries in the U.S. and Germany. AREVA has a 66% and Siemens a 34% stake in AREVA NP. AREVA, the parent of AREVA NP, provides nuclear power solutions for installations throughout the world.

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 http://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.