Thresher Industries Receives Tooling Order From S&P 500 Conglomerate
09 Julio 2009 - 8:24AM
PR Newswire (US)
HANFORD, Calif., July 9 /PRNewswire-FirstCall/ -- Thresher
Industries, Inc. (Pink Sheets: THRR), a California-based
manufacturer of precision aluminum and advanced metal matrix
composite parts, announced today that it has received a purchase
order from an S&P 500 company, to begin production on two
tooling parts. Thresher expects the first articles to be completed
within three weeks. Following inspection and approval, Thresher
will have finalized production on the initial tool purchase order
and book the revenue in the amount of approximately $125,000 for
the third quarter of 2009. "This order represents a significant
milestone in applying our casting technology to this new industry
for our company. With our ability to cast many different alloys we
have a product differentiation that separates Thresher from most of
its competitors. That coupled with our production using low-carbon
footprint processes and 100% reclaimable materials," said Tom
Flessner, President and CEO of Thresher Industries, Inc. "This new
customer shares in our commitment to invest in technologies that
increase energy-efficiency, safety and efficacy within specific,
high-growth markets. We believe our entry into new industries is a
huge step forward in building a full service, vertically integrated
company capable of low- and high-volume production and engineering
materials for exact specifications for a variety of customers and
applications." 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-certified
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. http://www.thresherindustries.com/ 559-585-3400
(tel) DATASOURCE: Thresher Industries, Inc. CONTACT: Thresher
Industries, Inc., +1-559-585-3400, Web Site:
http://www.thresherindustries.com/
Copyright