TechPrecision Corporation (TPCS.OB) through its wholly-owned subsidiary, Ranor Inc., is a leading manufacturer of large-scale, high-precision fabricated and machined products. The company produces products for the nuclear, solar, medical, defense, aerospace, and other industries. Some examples of the products that the company produces include: nuclear reactor parts, nuclear waste storage systems, solar-related products, and key components for proton beam therapy machines used in the treatment of certain cancers.
TechPrecision is one of a few end-to-end solutions providers with the ability to engineer the requisite tooling and the entire manufacturing process for each project. TechPrecision enjoys a solid reputation in all industry sectors due to the expertise the company has gained from over 50 years of developing products for the aerospace and defense industries to meet exacting requirements for high pressure, strength, and precision metal fabrications. In addition, the company is one of the very few firms licensed to design and construct commercial nuclear equipment along with nuclear storage and transportation equipment.
The nuclear industry is not the only alternative energy business in which TechPrecision manufactures products. On June 12, 2008, the company announced a contract worth over $25 million from GT Solar. This order for solar-related parts was consistent with the level of orders from GT Solar that the company has received over the past year. In fact, TechPrecision derives a significant portion of their revenues from the alternative energy industry as a whole. With the cost of oil continuing to rise, demand for energy from alternative sources also continues to rise. This long-term trend should continue to boost demand for many of TechPrecision’s products.
Let us hear your thoughts below: