Thresher Industries Completes Major Equipment Acquisition
27 Abril 2009 - 5:31AM
PR Newswire (US)
- Expanded Capabilities Projected to Increase Annual Revenues by
$15 Million - HANFORD, Calif., April 27 /PRNewswire-FirstCall/ --
Thresher Industries, Inc. (Pink Sheets: THRR), a California-based
manufacturer of precision recycled aluminum and advanced metal
matrix composite parts, announced today that it has completed its
acquisition of two Toshiba 350 ton and one hi-bred 650 ton high
pressure die casting machine with a Wazniac high performance shot
end and all support equipment, including efficient high volume
melt/hold furnaces. The new equipment is fully operational and
reinforces the Company's commitment to bring earth-friendly
manufacturing to a variety of industries. "Thresher's mission is to
create the highest customer satisfaction using the lowest cost of
materials and the least environmental impact. Our new machines can
produce complex shapes with a high degree of speed, accuracy and
repeatability, reducing the time and energy spent on production. A
single part can be processed in about 30 to 60 seconds compared to
4 to 5 minutes in perm mold casting. We look forward to passing
these savings to our customers and helping them lower their carbon
footprint," said Tom Flessner, President and CEO of Thresher
Industries, Inc. "As a result of our expanded capabilities, we
anticipate to capture new orders in the automotive, electronics and
lighting industries, generating additional annual revenues of $15
million." The new work cells will allow Thresher Industries to
offer conventional die castings as well as its metal matrix
composite and high ductility aluminum in near net configurations.
The high pressure die casting machines are used to produce metal
parts for a variety of purposes by injecting molten metal under
high velocity into steel molds using extreme pressure after the
mold is filled making a high density cast part. Thresher has hedged
its competitors by introducing a high volume vacuum during the
casting operation combined with a superior technology in extending
tool life. About Thresher Industries, Inc. Based in Hanford,
California, Thresher Industries Inc. is an eco-friendly "Made in
the USA" manufacturer that provides a full range of casting
capabilities, from prototypes or low volume casting to permanent
mold, low pressure and high pressure castings. All raw materials
are 100% recycled aluminum, sourced and processed exclusively in
the U.S. Thresher's foundry is a zero-discharge, ISO 9000-compliant
facility that uses bio-degradable technologies, renewable materials
and proprietary processes that lower costs and the environmental
footprint of its customers. Thresher offers full engineering
support, designing, and prototype development to a variety of
industries including: agriculture, aerospace, defense,
transportation, and automotive in the U.S. and Europe. For more
information, visit http://www.thresherindustries.com/. Statements
contained in this news release, other than those identifying
historical facts, constitute "forward-looking statements" within
the meaning of Section 21E of the Securities Exchange Act of 1934
and the Safe Harbor provisions as contained in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements relating to the Company's future expectations, including
but not limited to revenues and earnings, technology efficacy,
strategies and plans, are subject to safe harbors protection.
Actual Company results and performance may be materially different
from any future results, performance, strategies, plans, or
achievements that may be expressed or implied by any such
forward-looking statements. The Company disclaims any obligation to
update or revise any forward-looking statements. Contact: Thresher
Industries, Inc., DATASOURCE: Thresher Industries, Inc. CONTACT:
Thresher Industries, Inc., Web Site:
http://www.thresherindustries.com/
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