Thresher Industries Receives Order from Onodi Tool & Engineering
11 Agosto 2009 - 3:03PM
PR Newswire (US)
HANFORD, Calif., Aug. 11 /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 its third
military order of 2009 from Onodi Tool & Engineering Company
("Onodi"). Year-to-date, Thresher continues to provided a number of
quotes for various parts to Onodi, a privately-held manufacturer
and assembler serving the United States Government and Tier One
combat vehicle manufacturers for over 35 years, based in Melville,
Michigan. Commenting on the order, Tom Flessner, President and CEO
of Thresher Industries, Inc., said, "Our initial order for Onodi
was extremely well received, and quickly led to a second larger
order for military parts. This order was shipped within schedule,
and is realized as revenues in the second quarter. While other
foundries may be reporting lower production levels, Thresher is
moving full steam ahead. We are focusing on expanding our key
customer relationships like Onodi, as well as attracting new
customers that can create a growing and diversified revenue base,"
said Tom Flessner, President and CEO of Thresher Industries, Inc.
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
during 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, , http://www.thresherindustries.com/ Web Site:
http://www.thresherindustries.com/
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