Thresher Industries Receives Follow-On Order From Onodi Tool & Engineering
18 Junio 2009 - 8:24AM
PR Newswire (US)
- 150% Larger than Initial Order Shipped in May - HANFORD, Calif.,
June 18 /PRNewswire-FirstCall/ -- Thresher Industries, Inc. (Pink
Sheets: THRR), a California-based manufacturer of precision
recycled aluminum and advanced metal matrix composite parts, today
announced it has received an additional production order for an
Onodi Tool & Engineering Company ("Onodi"). The order is
anticipated to ship within the next 40 days. Based in Melville,
Michigan, Onodi is a privately-held manufacturer and assembler
serving the United States Government and Tier One combat vehicle
manufacturers for over 35 years. "This follow-on order is 150%
larger in size from the initial order we received from Onodi last
month. Our growing relationship with Onodi demonstrates our ability
to meet pent-up demand in the U.S. defense sector. Our military
applications are increasingly being deployed to replace more
costly, slower and environmentally-destructive parts. Our quote
activity with Onodi is very active, and we anticipate to secure
additional orders from the company in the near future," said Tom
Flessner, CEO and President of Thresher Industries. Since 2004,
Thresher has helped Onodi and other leading manufacturers
successfully meet the mission-critical requirements of the U.S.
Military. The lightweight, reinforced strength of Thresher's 100%
recycled aluminum castings are safe for the environment and offer
distinct operational and cost advantages in military vehicle use.
Thresher's parts can help decrease vehicle weight, which in turn
lowers fuel costs and increases the vehicle's capacity to integrate
heavier armor application for greater protection. About Thresher
Industries, Inc. Thresher Industries, Inc. is a leading
manufacturer of low carbon footprint conventional and custom
machined die castings made from 100% recycled aluminum and metal
matrix composites. Based in Hanford, California, the Company
operates an ISO 9000-compliant, "green" foundry that integrates
bio-degradable technologies and processes to lower the economic and
environmental costs of production. 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. Tel: 559.585.3400
http://www.thresherindustries.com/ DATASOURCE: Thresher Industries,
Inc. CONTACT: Thresher Industries, Inc., +1-559-585-3400, Web Site:
http://www.thresherindustries.com/
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