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Manufacturing: TechPrecision Grows Backlog By $4.8 Million

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May 13, 2010 (FinancialWire) — TechPrecision Corporation (OTCBB: TPCS), a maker of machined metal fabrications with customers in the alternative energy, medical, nuclear, defense, aerospace and other commercial industries, said that its backlog has increased to $25.5 million, an increase of more than $4.8 million compared to the $20.7 million backlog as of March 15, 2010.

The company said that its comparable backlog at June 30, 2009 was $14.4 million.

TechPrecision said its backlog as of the quarter ended December 31, 2009 was $15.7 million, increasing to $18.1 million as of the end of January, 2010, and $20.7 million as of April 15, 2010. The $4.8 million net, increase during the last 60 days incorporates orders from several verticals, including $4.7 million in new orders from its largest customer, GT Solar, an $870,000 order extension under a defense related production program, and a $700,000 new order from a national laboratory customer, offset by shipped orders against the existing backlog.

Massachusetts-based TechPrecision, through its wholly-owned subsidiary Ranor, Inc., manufactures metal fabricated and machined precision components and equipment.

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