Business
TechPrecision Announces Uplisting to The Nasdaq Capital Market
WESTMINSTER, MA / ACCESSWIRE / May 4, 2023 / TechPrecision Corporation (OTCQB:TPCS) ("TechPrecision" or "the Company"), an industry-leading manufacturer of
About this update from Techprecision Corporation
[{"type":"text","content":"WESTMINSTER, MA / ACCESSWIRE / May 4, 2023 / TechPrecision Corporation (OTCQB:TPCS) (\"TechPrecision\" or \"the Company\"), an industry-leading manufacturer of precision, large-scale fabricated and machined metal components and tested systems with customers in the defense and precision industrial sectors, today announced that its shares of common stock have been approved for listing on The Nasdaq Capital Market (\"Nasdaq\"). Trading on the exchange will commence effective with the open of business on Friday, May 5, 2023, under TechPrecision's current ticker symbol, \"TPCS.\"The Company's common stock will continue to be eligible to trade on the OTCQB Market until the close of the market on May 4, 2023.\"The Company's uplisting to Nasdaq marks a significant milestone in our journey as a public company and signals solid progress in stabilizing our business,\" stated Alexander Shen, TechPrecision's Chief Executive Officer. \"Trading on Nasdaq should raise our visibility within the investment community and increase liquidity for investors as we continue to make progress rebuilding Stadco manufacturing and throughput, rebuilding customer and supplier relationships, establishing operational discipline, improving gross margins, and growing our backlog.\"About TechPrecision CorporationTechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc. and Stadco, manufactures large-scale, metal fabricated and machined precision components and equipment. These products are used in a variety of markets including: defense, aerospace, nuclear, industrial, and medical. TechPrecision's goal is to be an end-to-end service provider to its customers by furnishing customized 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 StatementThis release contains certain \"forward-looking statements\" relating to the business of the Company and its subsidiary companies. All statements other than statements of current or historical fact contained in this press release, including statements that express our intentions, plans, objectives, beliefs, expectations, strategies,...