TechPrecision Corporation Sees Resignation of Board Member

TechPrecision Corporation, trading on the Nasdaq Capital Market under the ticker symbol “TPCS,” recently faced changes within its board of directors. On January 13, 2025, John A. Moore voluntarily resigned from his position on the company’s board. His resignation, effective immediately, was attributed to a decision to prioritize other commitments and was not sparked by any disputes concerning the company’s operations, policies, or practices.

In response to Moore’s departure, TechPrecision Corporation issued a press release on January 17, 2025, addressing the board member’s resignation. The company informed stakeholders that there are currently no plans to fill the vacant position left by Moore. Consequently, the board committee’s composition has been adjusted, with Walter M. Schenker assuming the role of Chair for the Audit Committee and Andrew A. Levy leading the Compensation Committee, alongside Robert D. Straus.

TechPrecision Corporation operates through its wholly owned subsidiaries, Ranor, Inc., and Stadco, focusing on custom solutions involving high-precision fabrication and machining components. Ranor, an ISO 9001:2015 certificate holder, caters primarily to the defense sector, with over 95% of its revenue derived from defense-related activities and complying with ITAR regulations.

Similarly, Stadco, an AS 9100 D and ISO 9001:2015 certificate holder, is a key player in producing large mission-critical components for military programs. Over 60% of Stadco’s revenue comes from the defense sector, aligning with ITAR standards, and showcasing expertise in NonDestructive Testing and electron beam welding among other manufacturing processes.

While TechPrecision Corporation continues to navigate industry challenges and market conditions, the company remains committed to delivering quality services to its clientele and exploring new avenues for growth. Investors are encouraged to stay informed about the company’s developments through its corporate website and regulatory filings.

This press release contains forward-looking statements that involve risks and uncertainties. These statements reflect management’s current expectations and predictions but may differ from actual outcomes due to various factors such as market dynamics, operational challenges, and regulatory changes. TechPrecision Corporation remains dedicated to upholding transparency and regulatory compliance in all its endeavors.

Contact:
TechPrecision Corporation
1 Bella Drive, Westminster, MA 01473
Phone: 978-874-0591

For further information regarding the company and its operations, visit www.techprecision.com.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read TechPrecision’s 8K filing here.

TechPrecision Company Profile

TechPrecision Corporation, together with its subsidiaries, manufactures and sells precision, fabricated, and machined metal structural components and systems in the United States. The company operates through two segments, Ranor and Stadco. It provides custom components for ships, submarines, military helicopters, aerospace equipment, components for nuclear power plants, and components for medical systems.