– Edited By Tom Lamar –
TechPrecision Corporation, a manufacturer of large-scale, high-precision machined metal fabrications with customers in the alternative energy, medical, nuclear, defense, aerospace and other commercial industries, announced it has received a new purchase order to produce an assembly component for a new, advanced nuclear reactor for a major nuclear customer. The purchase order is expected to generate approximately $420,000 in revenue over the next six months and is an indication of progress within the industry on the construction of new advanced nuclear reactor designs.
"As one of only six large-scale ASME 'N' stamp certified machining and fabrication facilities in the U.S., we are well positioned to benefit from new nuclear power development as this new order demonstrates," said Mr. James Molinaro, Chief Executive Officer of TechPrecision Corporation. "We believe we are seeing the beginnings of a renaissance in nuclear power, due to the surging demand for electricity around the world and the growing need to curb fossil fuel emissions. Through our Ranor subsidiary, we bring unique capabilities and a long track record for quality to the table, and we look forward to participating in additional projects as this trend accelerates. Increasingly, we are advancing our business development dialogue with significant players within the nuclear and power generation sectors.