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    • Mon Jul 21st 18:38 PM
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      GT Solar: Will the Sun Shine On This Solar IPO?
      Received this today after forwarding copy of this article:

      Subject: TechPrecision (TPCS) - Growth in Solar

      TechPrecision (TPCS), with over 50 years experience in the high-precision manufacturing business, currently has the majority of its business coming from the solar sector. With TPCS’s focus on long-term contracts and those in the high-growth solar industry, TechPrecision realized substantial growth, as reported in its Year-end results for March 31, 2008. Some highlights of those results were:

      · Net sales increased 66.6% to $31.8 million

      · Gross profit rose 135.2% to $8.3 million

      · Operating income grew 342.8% to $6.4 million

      · Net income rose to $3.5 million from $290,000



      The article below and the link to a WSJ article shows how TPCS’s largest customer, GT Solar is in the process of an IPO of over $500 million, which looks to buck the trend in the recent IPO market. When looking at the solar industry, Solarbuzz has reported that PV industry revenues will reach $26 billion by 2011, which represents a 19.7% compound annual growth rate.



      TPCS is a highly valuable contractor in the alternative energy industry and is well positioned to capitalize on that growth.



      Best regards,



      Aubrye Harris

      CCG Investor Relations

      Ph: (310) 477-9800 ext. 103
      View article »