WESTMINSTER, Mass., Oct. 20 /PRNewswire/ -- 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, today announced it has retained Powerline Inc. to act as Sales Agent for its products and markets in Eastern Pennsylvania, Delaware, Maryland, Eastern New York and New Jersey, adding three proven and experienced sales personnel to market TechPrecision's capabilities in this important region.
"The resurgence in our markets, particularly solar energy, nuclear and clean technology, requires additional sales staff and the Powerline partners have the quality, reputation, experience staff and the customer contacts in these markets to deliver incremental business to TechPrecision," said Mr. James Molinaro, CEO of TechPrecision Corporation. "We moved quickly to engage Powerline so that we can address this demand, capture additional business and expand our markets. We know that they provide an excellent fit with TechPrecision and we welcome them as part of the organization."
"Powerline represents companies such as TechPrecision which offer high precision, high quality products and services in heavy industry manufacturing, including mechanical and solar power transmission systems," said Mr. Jay Seiler, Principal and President of Powerline Inc. "We understand the complexity of their markets and are able to present their capabilities to a wide network of potential customers. By joining with TechPrecision, we expect to increase its market share in the mid-Atlantic region. Powerline Inc. and TechPrecision complement each other's capabilities and commitment to serving American industry."
About Powerline Inc.
Powerline Inc. is a multi-man manufacturers' representative sales agency with offices throughout Pennsylvania. Powerline represents companies that provide high quality mechanical power and solar power transmission systems and auxiliary components. Powerline was incorporated in the year 1987 and in the State of Pennsylvania, USA. Please visit our web site www.powerlinesales.net.
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 to name a few. 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.
SOURCE TechPrecision Corporation