21 November 2011

Ranor wins first order for manufacturing chamber from sapphire maker

TechPrecision Corp of Center Valley, PA, USA, which manufactures precision large-scale fabricated and machined metal components and systems for the renewable energy, medical, nuclear, defense and aerospace, says that its subsidiary Ranor Inc of Westminster, MA has received an order from one of the largest sapphire producers in the USA to deliver an initial chamber unit to qualify production in the December 2011 - January 2012 timeframe. Assuming successful qualification, TechPrecision expects volume production orders to be received and shipments to be made in fiscal first-quarter 2013. This is the third sapphire customer that TechPrecision has added since July 2011, and the first for its Ranor subsidiary.

With large countries (including China) mandating the use of LEDs and fluorescent bulbs to reduce energy demands, TechPrecision is rapidly expanding its presence in the market for manufacturing chambers required to produce LEDs on sapphire substrates.

“TechPrecision has the ability to manufacture proprietary chambers for the sapphire industry, which is a rapidly growing addressable market for us with strong long-term prospects,” says CEO James Molinaro. “Our Ranor division has the reputation and certifications necessary to provide high-quality and cost effective production of chambers,” he adds.

TechPrecision aims to complete initial articles in the next few months, with the goal of beginning volume production in fiscal first-quarter 2013. “At projected volume, this customer has the potential to fill approximately one-half the capacity which was created when we shifted certain production work from Ranor to our Asia-based Wuxi Critical Mechanical Components Co Ltd (WCMC) subsidiary,” Molinaro continues. “The addition of our third sapphire customer demonstrates our ability to meet the exacting requirements of sapphire customers.”

Tags: Sapphire

Visit: www.techprecision.com

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