TechPrecision Announces Changes to the Board of Directors

          TechPrecision Announces Changes to the Board of Directors

Leonard Anthony Named Chairman of the Board; Rear Admiral Philip Dur Remains
on Board

Robert G. Isaman Named to Board, Replacing Louis Winoski

PR Newswire

CENTER VALLEY, Pa., Nov. 20, 2012

CENTER VALLEY, Pa., Nov. 20, 2012 /PRNewswire/ --TechPrecision Corporation
(OTC Bulletin Board: TPCS) ("TechPrecision" or "the Company"), 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 proposed changes to the Company's board of directors. The revised
slate will be voted upon by shareholders at the Company's annual meeting,
scheduled for December 5, 2012.

Leonard M. Anthony, a current director, has agreed to become Chairman of the
Board, effective January 1, 2012; succeeding Rear Admiral Philip A. Dur, Ph.D.
Dr. Dur has agreed to remain on the board as an independent director and chair
the compensation committee.

Mr. Anthony has more than 25 years of financial and operational management
experience. He currently serves on the Board of Directors for MRC Global,
where he is the Chair of its Audit Committee. Previously, Mr. Anthony served
as President and Chief Executive Officer of WCI Steel, Inc., an integrated
producer of custom steel products, as well as a member of the board of
directors. Prior to this, Mr. Anthony was the Executive Vice President and
Chief Financial Officer of Dresser-Rand Group Inc., a global supplier of
rotating equipment solutions to the oil, gas, petrochemical and processing
industries. Additionally, he has served as the Chief Financial Officer of
International Steel Group Inc., and worked at Bethlehem Steel Corporation,
where he held various managerial and leadership positions.

In addition, Louis A. Winoski has announced his retirement from the board.
Robert G. Isaman, a veteran manufacturing executive, has agreed to join the
board, replacing Mr. Winoski. Mr. Isaman will be a member of the audit
committee.

Mr. Isaman is currently an operating partner of Kohlberg & Company, a leading
U.S. private equity firm. Prior to joining Kohlberg, Mr. Isaman spent over 25
years in the manufacturing sector, including over 20 years at United
Technologies Corporation, a $58.5 billion diversified global provider of
technology products and services to the building systems and aerospace
industries, where his last position was President, Fire Safety Americas, UTC
Fire and Security. He held senior level positions at Otis Elevator, another
UTC organization, as well as marketing and international operation positions
in China, Asia Pacific and Russia with UTC. He was also chief executive
officer of Stolle Machinery Company, LLC, a global technology and market
leader in the metal/composite container-making equipment industry, and
President, Terex Construction and Roadbuilding, Terex Corporation. Mr. Isaman
has an MBA in International Business from The George Washington University,
Washington, D.C., and a B.S. in Marketing from the University of Maryland,
College Park, Md.

"I am excited to assume the important role of Chairman at such a promising
time in TechPrecision's evolution," said Mr. Anthony. "TechPrecision has made
tremendous progress in its long-term efforts to diversify its business,
insulating the Company and its shareholders from fluctuations from any single
customer, sector, or geographic economy. We expect this progress to help drive
improved financial results and, ultimately, increased shareholder value, in
the years to come."

"I wish to thank Rear Admiral Dur for his dedication and leadership over the
past few years, and I am gratified he will stay on the board, " said Mr. James
Molinaro, TechPrecision's Chief Executive Officer. "In addition, I wish to
thank Lou Winoski for his hard work, both as interim CEO and as an active
director. We wish him well in future endeavors. Attracting Mr. Isaman to the
board is a tremendous achievement, and we will certainly benefit from his
manufacturing expertise, corporate experience, and his rolodex of contacts.
Mr. Isaman's leadership will be invaluable as the Company executes on its
strategy."

"TechPrecision has a range of unique certifications and expertise, and I
believe this represents a compelling opportunity to serve an increasingly
broad and diverse set of customers," said Mr. Isaman. "I am excited to join
the board at this time, and look forward to helping management create lasting
shareholder value."

About TechPrecision Corporation

TechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc.,
and Wuxi Critical Mechanical Components Co., Ltd., globally manufactures
large-scale, metal fabricated and machined precision components and equipment.
These products are used in a variety of markets including: alternative energy
(Solar and Wind), cleantech, medical, nuclear, defense, industrial, and
aerospace to name a few. TechPrecision's goal is to be an end-to-end global
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.

Company Contact:                          Investor Relations Contact:
Mr. Richard F. Fitzgerald            Hayden IR
Chief Financial Officer    Brett Maas
TechPrecision Corporation Phone: 646-536-7331
Tel: 1-610-246-2116         Email: brett@haydenir.com
Email: Fitzgeraldr@techprecision.com





SOURCE TechPrecision Corporation

Website: http://www.techprecision.com/
 
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