TechPrecision Enters Into Exclusive Manufacturing Contract With Sionix Corporation

Share Name	Share Symbol	Market	Type
Techprecision Corporation (QB)	USOTC:TPCS	OTCMarkets	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	7.50	7.00	8.85				0.00	01:00:00

Techprecision (QB) (USOTC:TPCS)
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WESTMINSTER, Mass., Feb. 23 /PRNewswire-FirstCall/ -- TechPrecision Corporation (OTC:TPCS) (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 the execution of a three-year exclusive U.S. agreement to manufacture DAF-based (dissolved air flotation) water treatment systems for Sionix Corporation (OTC Bulletin Board: SINX). During more than 50 years of operation, TechPrecision and its subsidiary have participated in a number of high-visibility, successful manufacturing and product development efforts spanning many of the same markets Sionix penetrates. In addition, TechPrecision's expansive facilities provide the agile workspace required for production of Sionix products. Louis A. Winoski, CEO of TechPrecision, commented, "TechPrecision is honored and excited to be chosen by Sionix to provide their DAF-based water treatment systems. We recognize the unmet need for this technology in the marketplace, and are eager to enter this new vertical and help Sionix accelerate its business. Part of our business model involves entering new, potentially high-value market verticals and partnering with enterprises which value, and thus seek to leverage, our manufacturing prowess. This new relationship with Sionix is a perfect example of this strategy being executed. We look forward to a mutually profitable relationship that maximizes our capabilities while providing Sionix customers with the technology they need within the two to three month delivery timelines required to meet initial Sionix customer orders." Sionix DAF water treatment systems target a wide range of niche applications for a shipping container-mounted water purification system. Sionix equipment enables water purification at any remote site or location either with limited access or insufficient infrastructure for permanent water purification facilities. Its portability and turnkey approach make it an ideal solution for remote and other situations. Potential applications include: oil and gas drilling; treatment of abandoned mine discharge; emergency and disaster relief through private contractors as well as government entities such as FEMA and military in forward deployments; developing nations and remote villages in second and third world countries; various industrial applications including cosmetics, pharmaceutical, chemical, food processing, and hospitals; agricultural applications including irrigation and recycling of water; and use by small municipalities seeking wastewater treatment facilities on limited municipal budgets. The total market size exceeds $1 billion if the technology becomes widely adopted within these target markets. The initial agreement calls for TechPrecision to manufacture 15-25 units in the first year. The agreement has significant upside potential to TechPrecision if market penetration and uptake rates exceed initial estimates. James R. Currier, the Chairman and CEO of Sionix, commented, "TechPrecision's manufacturing agility and responsiveness are perfectly suited for our needs as Sionix enters this exciting growth stage. Sionix products and technology fit well within TechPrecision's manufacturing expertise as an industry leading turn-key solutions provider. The agreement with TechPrecision will provide the necessary manufacturing capital and supply chain assurance required for Sionix to quickly respond to the growing market for its water treatment systems. TechPrecision's long record of high quality, attention to detail, and industry-leading customer service speaks for itself, and will provide Sionix with the flexibility to execute other aspects of our growth strategy." 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. 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. About Sionix: Based in Santa Monica, California, Sionix designs innovative and advanced water treatment systems intended for use in defense, government facilities, and emergency water supplies during natural disasters, housing development projects, and various industrial processes. These systems can be used to remove salt, oil, waste and other infectious bacteria from contaminated resources. They are also used as pre-treatment for reverse osmosis and other membrane applications. Industries involved in dairy, agribusiness, meat processing, bottling water, mining, poultry operations, and many others can benefit from a cost-effective, easily-maintained, portable water treatment system provided by Sionix. Sionix specializes in the treatment of water contaminated through the process of subterranean fracturing used by oil and gas drillers, locating Sionix units adjacent to drilling sites to eliminate expensive, unnecessary public exposure to toxic waste products by transporting contaminated wastewater to remote locales for treatment. Using our patented dissolved air flotation ("DAF") technology packaged in a mobile shipping container, we create bubbling dynamics that elevate organic contaminants to the surface where 99.95% are skimmed off. To learn more about Sionix, please visit our website at http://www.sionix.com/. Information on the Sionix 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 (http://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. DATASOURCE: TechPrecision Corporation CONTACT: Mr. Richard F. Fitzgerald, Chief Financial Officer of TechPrecision Corporation, +1-610-246-2116, ; or Investor Relations, Brett Maas, +1-646-536-7331, , or Cameron Donahue, +1-651-653-1854, , both of Hayden IR, for TechPrecision Corporation Web Site: http://www.techprecision.com/ http://www.sionix.com/

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TPCS Techprecision Corporation (QB)