TechPrecision Corporation (OTCQB: TPCS)

On July 20th 2016 by OTC PR No Comments

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TechPrecision: Company Overview

Founded in February 2006, TechPrecision Corporation is a holding company that’s driven to provide businesses with the most well-engineered, cost-effective turnkey solutions to their large-scale component and equipment manufacturing challenges. By assembling experienced metal fabrication companies that specialize in unique, demanding global industries, TechPrecision provides clients with access to knowledge, resources, and technologies that span some of the most demanding manufacturing sectors.

Our subsidiary companies are experts, purposefully selected for their fabrication capabilities; depth of experience in the Cleantech, energy, medical, aerospace, and defense sectors; and long track records for delivering large-scale, critical components that exceed their clients’ demands for quality and precision. Our subsidiaries understand the rigors of these industries. Leveraging cross-market insights and end-to-end, large-scale component fabrication capacity, they provide end-to-end manufacturing solutions to your component challenges.

TechPrecision: Mission Statement

TechPrecision is dedicated to delivering the sophisticated, large-scale components and equipment that drive the Solar, Nuclear, Wind, Power Generation, Cleantech, Medical, Defense, and Aerospace industries. With cross-market insights and complete project integration, we continuously strive to provide turnkey solutions that exceed our clients’ expectations for quality, dependability, precision, and manufacturing costs.

TechPrecision: Management Team

Composed of proven experience, leadership, and innovative thinking, our management team is focused on acquiring and managing advanced, large-scale metal machining and fabrication companies, capable of delivering end-to-end, turnkey solutions to meet our clients’ global market needs.

 

Alexander Shen, Chief Executive Officer

 

Mr. Alexander (“Alex”) Shen joined Ranor in June of 2014 as President.

 

Mr. Shen has 31 years of demonstrated success in a broad range of industries including metal fabrication, automotive, contract manufacturing, safety and security, and industrial distribution. Previously, he was CEO of Ryerson Mexico & Vice President – International for Ryerson, Inc. Prior to joining Ryerson, Mr. Shen was Division General Manager & COO at Sumitomo Electric Group, and previously served 10 years with Alcoa’s Automotive Division in roles of increasing responsibility. Mr. Shen began his early career with General Motors, moving to Chrysler before joining Alcoa. His career includes multiple international management roles in Japan, China, Mexico, and Europe, and he is fluent in the Chinese and Japanese languages and cultures. Mr. Shen holds a B.S. in Engineering from Michigan State University.

 

Thomas C. Sammons, Chief Financial Officer

Mr. Sammons has 19 years of financial leadership experience in metal fabrication and distribution, contract manufacturing, business processing, technology and procurement services. Previously, he was Financial Controller for Xchanging Services, Inc. Before Xchanging Services, he served for seven years as International Controller and Business Unit Controller for Ryerson, Inc. Prior to Ryerson, Inc., Mr. Sammons was Industry Finance Manager and International Controller for Pemstar, Inc. for five years. Previously, he served four years as CFO of Ryerson de Mexico, S.A. de C.V. Mr. Sammons began his early career with Inland Steel Company. His career includes multiple international management roles in Mexico, China, and India, and he is fluent in the Spanish language. Mr. Sammons graduated with a Master of Business Administration from Johnson Graduate School of Management, Cornell University, a Master of Business Administration, cum laude, from Katholieke Universiteit Leuven, Belgium, and a B.S. in Business Administration from Empire State College, State University of NY, New York. Mr. Sammons holds certifications as a CMA and CFA.

Critical Confidence

Where you want to be tomorrow is where we are now. The fabrication capacity and cross-market insights of our subsidiary companies are helping shape the landscape of the Cleantech, energy, medical, aerospace, and defense sectors. Aligned with the quality-driven culture of TechPrecision, our subsidiary companies are delivering large-scale components that help growing global industries improve the efficiency, effectiveness, and viability of uniquely promising, next-generation technologies.

Purposefully chosen for their experience across these challenging and unique industries; their capacity for large-scale, end-to-end component fabrication, and their track record for delivering solutions that exceed clients’ demands for precision and quality, our subsidiary companies can provide cost-effective, highly engineered solutions for your toughest industry challenges.

TechPrecision: RANOR Overview

Founded in 1956, RANOR, Inc., is a wholly owned subsidiary of TechPrecision, specializing in large-scale, precision component fabrication for the Cleantech, energy, medical, aerospace, and defense sectors. With numerous ASME certifications, including an N-Stamp certification for nuclear components, RANOR utilizes cross-market experience, knowledge, and resources to exceed customers’ expectations for quality, precision, and cost.

Industries Served

  • Nuclear
  • Solar/LED
  • Wind
  • Medical
  • Cleantech
  • Aerospace
  • Defense
  • National Laboratory
  • Commercial Maritime

Complete Capabilities

  • Production Control
  • Engineering
  • Processing
  • Fabrication
  • Machining
  • Assembly & Finishing
  • NDE & Inspection
  • Quality Assurance

TechPrecision: CMC Overview

Founded in 2010, Wuxi Critical Mechanical Components Co., Ltd. (CMC), is a wholly owned subsidiary of TechPrecision, designed to meet the growing global demand for an experienced, knowledgeable machining and distribution center in Asia, providing large-scale component fabrication solutions for the region’s solar and wind power challenges. CMC employs one of the largest forges in the industry, and is positioned to provide companies with quality, durable, and efficient current and next-generation components that address their industry’s specific needs.

Industries Served

  • Solar/LED
  • Wind
  • Nuclear
  • Cleantech
  • Medical
  • General Industrial

Complete Capabilities

  • Forging
  • Fabrication
  • Machining
  • Inspection
  • Assembly & Finishing
  • Quality Assurance

TechPrecision: Alternative Energy

Environmental concerns. A finite supply of fossil fuels. Soaring energy demands. These are just a few of the many reasons researchers, scientists, and engineers within the energy sectors are searching for cleaner, more renewable and efficient sources of power. The alternative energy sector is re-evaluating established approaches, developing next-generation technologies in an effort to find the right balance of efficiency, reliability, and cost. TechPrecision can take the alternative energy sector’s ideas to the next level by utilizing the insights, resources, and end-to-end metal fabrication and machining capacity that have helped other leading companies get there already.

TechPrecision subsidiaries have proven, end-to-end metal fabrication and machining expertise delivering large-scale alternative energy components and technologies to companies within various energy sector markets. This includes new alternative energy technologies and components for the nuclear, solar, LED, geothermal, and hydroelectric markets. We are engaged in the development and enhancement of current and next-generation technologies for these as well as other equally demanding and specialized markets. TechPrecision helps you realize your alternative energy innovations, delivering turnkey solutions for your critical, large-scale component needs.

Solar/LED
Wind
Hydroelectric
Geothermal

General Capabilities Highlight: Alternative Energy

Relying on decades of challenging manufacturing work on current and new alternative energy components and technologies, the subsidiaries of TechPrecision are capable of delivering end-to-end, cost-effective solutions to your large-scale component fabrication and machining challenges.

Our subsidiaries have provided precision, quality alternative energy components for leading companies in the nuclear, solar, LED, wind, and geothermal power sectors—handling everything from full-scale production runs to refurbishing and prototype manufacturing. These large-scale, alternative energy components and technologies have included dual-chamber processing vessels for poly-Si ingot production, outage and new build equipment for nuclear plants, and large-scale turbines and shafts for wind energy production.

TechPrecision: Power Generation

Utilizing next-generation technologies to produce power can be a smart investment. With a finite amount of fossil fuels available and growing global populations, the world is becoming more environmentally conscious. The ability to harness nuclear and gas power to generate needed electricity, as well as find solutions to make fossil fuels burn cleaner and more efficiently, has the potential to reduce overhead and our overall carbon footprint. However, the large-scale, precision components utilized in these systems are subjected to constant forces, including temperature changes, extreme pressures, and particulate debris. The result is a demand for precision fabricated and machined components that can withstand these extreme environments, maintaining the efficiency of your power generation systems. From new build and prototypes to maintenance and full-scale production, your large-scale, critical components must be delivered with precision and quality—the smallest error can cost much more than additional funds for replacement.

TechPrecision understands the nature of power generation equipment, why the need for perfection is so important and how the life cycle of a system’s power generation components affects the success of your operations. Leveraging decades of cross-market experience in some of today’s most demanding power, energy, and medical sectors, we fabricate and machine precision, large-scale power generation components critical to your operations. Additionally, we can provide plans that address the regular maintenance of large-scale power generation components, anticipating when repairs will be needed and delivering solutions that exceed expectations for quality and cost. Our end-to-end fabrication capabilities streamline the manufacturing process, keeping turnaround times, and time spent operating on a different energy source, to a minimum.

Nuclear
Gas Turbine
Fossil Fuels

General Capabilities Highlight: Power Generation

The companies of TechPrecision leverage insights from established power generation markets such as nuclear to help next-generation power generation options grow. With unmatched experience, end-to-end capabilities, and large-scale component capacity, our companies can deliver turnkey power generation components that exceed your expectations for precision, quality and cost.

TechPrecision: Cleantech

The scientists and engineers engaged in Cleantech research are invested: invested in solutions that are sustainable, environmentally friendly, and can provide a return on investment. In short, they are invested in the future potential of energy that will not only better our planet but also replace fossil fuels as the viable source for reliable, efficient power. TechPrecision is equally invested in the Cleantech market, working with leading manufacturers to deliver turnkey solutions that help their game-changing technologies grow.

TechPrecision assembles and leverages decades of cross-market insights—from industries as demanding as nuclear, aerospace, and defense—to help scientists and engineers realize their next-generation technologies. The end-to-end, precision fabrication and machining capabilities of our subsidiaries help advance the science of renewable energy manufacturing today, with the vision that these effective, efficient breakthroughs in power will be commercially viable and universally adopted tomorrow.

General Capabilities Highlight: Cleantech

The companies at TechPrecision are helping leaders within the Cleantech sector address their next-generation clean energy manufacturing challenges. Our teams can provide Cleantech companies with the end-to-end precision fabrication and machining capabilities that help to reduce production costs and position their clean energy technologies to be viable and more widely adopted.

Using cross-market insights from numerous power generation and alternative energy sectors, our teams can perform the critical, large-scale renewable energy component manufacturing that helps make your clean energy prototypes a reality. In addition, because of our unique insights into this and other power generation and alternative energy markets, we can help you improve the manufacturability, safety, and effectiveness of your design for future, full-scale production runs. TechPrecision and its companies deliver the cost-effective, turnkey solutions that help the Cleantech market continue to advance.

TechPrecision: Medical

The need for improved treatments and definitive cures drives the medical industry’s technology forward. In specific fields such as cancer treatment, physicians, scientists, and engineers are working diligently to develop new therapies and procedures that effectively treat this disease without causing greater physical harm to the patient. But even here, cost can become an issue, and the adoption of such life-saving technologies will only occur if the price for implementation makes it a viable option for regular treatment—the less expense, the more attractive the technology becomes.

TechPrecision is currently engaged in fabricating an advanced piece of technology in the fight against cancer, producing many of the key, large-scale components for the medical industry’s revolutionary proton beam radiotherapy system. Relying upon decades of cross-market experience, including insights from the nuclear and aerospace sectors, TechPrecision provided turnkey manufacturing solutions that helped produce the newest generation of proton beam radiotherapy systems. Our end-to-end fabrication knowledge, resources, and experience have helped bring this next-generation technology to the market at a price that makes this promising option in cancer treatment viable.

General Capabilities Highlight: Medical

The cross-market insights and experience, as well as challenging manufacturing work within the nuclear markets, make the subsidiaries of TechPrecision singularly capable of performing the critical, precision nuclear medical component fabrication and machining your current and next-generation designs demand.

In addition, because of their unmatched end-to-end production capabilities, they are capable of performing the entire large-scale medical component manufacturing on-site, helping ensure consistent quality and precision while reducing the overall cost of productions. The subsidiaries of TechPrecision deliver turnkey medical nuclear components that exceed your expectations for quality, precision, and cost.

TechPrecision: Aerospace

Every facet of the aerospace industry is under pressure—from the professionals charged with ensuring the safe, successful implementation of the sector’s technologies to the components those technologies are composed of. The precision, large-scale components utilized in the market have to harness, direct, and control extreme pressures; maintain structural stability as they’re exposed to changing, harsh environments; and be delivered using a streamlined approach that increases product efficiency while reducing production costs.

TechPrecision understands the rigorous, precision demands of aerospace component fabrication, and utilizes decades of experience to ensure that operating parameters are met, so your current and next-generation aerospace technologies get off the ground. From sophisticated test cell equipment to the world’s largest one-piece aluminum fuel cell dome, TechPrecision fabricates and machines some of the most critical, large-scale components for companies throughout the aerospace industry. Our dedication to fail-safe solutions, supported by our end-to-end fabrication capabilities, guarantees your critical aerospace components will perform exactly as required.

General Capabilities Highlight: Aerospace

A subsidiary of TechPrecision, Ranor is a leading end-to-end, large-scale component manufacturer with a history of precision and quality. For decades, its professionals have provided complete solutions for the aerospace sector, delivering turnkey test cell equipment and fuel cell domes for industry-leading companies and aerospace programs. Utilizing its cross-market expertise, Ranor can perform all of the critical test cell equipment and fuel cell dome fabrication and machining on-site, delivering a cost-efficient, end-to-end solution that meets your stringent demands for quality and precision.

TechPrecision: Defense

When it comes to the security of this nation, of its civilians and soldiers, your components, systems, and technologies have to work. Subjected to extreme changes in temperatures, pressures, and environments, large-scale, precision defense components have to exceed performance expectations on a daily basis. Any error in the engineering or fabrication of these pieces could be catastrophic in terms of monetary costs, as well as loss of life.

TechPrecision helps to ensure the safety of this nation, and of the men and women who fight for it, by guaranteeing the structural stability, quality, and performance of every critical defense component we fabricate. Certified by the Department of Defense, our subsidiary Ranor has a proven history of delivering fail-safe solutions for some of the market’s most demanding applications. From critical nuclear submarine components to complex mechanical equipment for many of our national laboratories, our cross-market experience and end-to-end fabrication capabilities produce cost-effective, quality answers to your precision manufacturing challenges.

General Capabilities Highlight: Defense

A subsidiary of TechPrecision, Ranor has decades of experience performing precision fabrication and machining for the defense industry, delivering turnkey defense components that adhere to the clients’ stringent design specifications, as well as quality and safety manufacturing standards specifically for defense component fabrication and machining. Defense components the Ranor team has delivered include critical sonar housings and fairings, vertical launch missile tubes, and magnetic motor system components. In addition, the team at Ranor has successfully developed new, effective approaches to fabrication that continue to be utilized at their facility, as well as by professionals at their clients’ own defense component manufacturing facilities.

TechPrecision: Corporate Profile

Founded in February 2006, TechPrecision Corporation is a holding company that’s driven to provide businesses with the most well engineered, cost-effective turnkey solutions to their large-scale component and equipment manufacturing challenges. By assembling experienced metal fabrication companies that specialize in unique, demanding global industries, TechPrecision provides clients with access to knowledge, resources, and technologies that span some of the most demanding manufacturing sectors.

Our subsidiary companies are experts purposefully selected for their fabrication capabilities; depth of experience in the Cleantech, energy, medical, aerospace, and defense sectors; and long track records for delivering large-scale, critical components that exceed their clients’ demands for quality and precision. Our subsidiaries understand the rigors of these industries. Leveraging cross-market insights and end-to-end, large-scale component fabrication capacity, they provide end-to-end manufacturing solutions to your component challenges.

Company Directory
RANOR, Inc
CMC – Wuxi Critical Mechanical Components Co., Ltd.

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