CENTER VALLEY, Pa., Feb. 22 – TechPrecision Corporation , an industry leading manufacturer of precision, large-scale fabricated and machined metal components and systems with customers in the alternative energy, cleantech, medical, nuclear, defense, aerospace and other commercial industries, today announced that its Ranor subsidiary has received orders totaling over $1.1 million for various components for an advanced proton beam cancer treatment equipment.
The orders, which include large-scale machining, fabrication and testing for this advanced form of radiation treatment equipment using superconducting technology, are expected to ship in the Q1/Q2 FY2013 timeframe. This technology is aimed at increasing physician and patient access to proton beam therapy by offering a smaller, cost-effective alternative that is designed to preserve all of the treatment benefits of traditional proton treatment systems while removing the obstacles of size, cost and complexity.
"We are very pleased to see the progress our customer has made with their advanced proton beam therapy equipment," stated James Molinaro, CEO of TechPrecision Corporation. "There is considerable optimism in the market as our customer works through the process of qualifying their first production unit in the field. We value our business relationship with this customer and our Ranor division will continue to deliver high-quality machining, fabrication, testing and manufacturing expertise for this very advanced and precise equipment. This has been a long-term, mutually beneficial partnership and we're gratified to be part of the team that is delivering such break-through technology as our customer transitions to the commercialization stage with the equipment."
About TechPrecision Corporation
TechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical Components Co., Ltd., is an industry leading, global manufacturer of precision, large-scale fabricated and machined metal components and systems. These products are used in a variety of markets including: renewable energy (solar and wind), medical, nuclear, defense, industrial, and aerospace. TechPrecision's mission is to be the leading end-to-end global service provider to its markets by furnishing custom, fully integrated "turn-key" solutions for complete products that require custom fabrication, precision machining, assembly, integration, inspection, non-destructive evaluation and testing. To learn more about the Company, please visit the corporate website at http://www.techprecision.com.