Thresher Industries Receives Tooling Order from S&P 500 Conglomerate
26 Enero 2010 - 8:23AM
PR Newswire (US)
HANFORD, Calif., Jan. 26 /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 two purchase
orders from an S&P 500 company. Thresher began production on
both orders and all parts were shipped by the end of 2009. Thresher
received two purchase orders for two parts each. After completing
inspection and approval, Thresher has finalized production on the
purchase orders and booked the revenue in the amount of
approximately $70,000 for the fourth quarter of 2009. "This
represents the first and second production orders for our high
pressure casting facility and the first use of our proprietary more
thermal conductive alloy. The base alloy for our thermal conductive
aluminum is 356, which is not only unique but groundbreaking in the
high pressure casting industry," stated Tom Flessner, CEO Thresher
Industries. Thresher's high pressure casting machines, coupled with
their proprietary processes allow production of this complex part
while maintaining a vast cosmetic surface area. The end use for
these parts is decorative yet functional, with thermal conductivity
being the key element. "We have been able to fulfill the customer's
requirement with regard to quality, quantity and time line. This
represents the first step in addressing a need for higher thermal
conductivity, better surface finishes, while maintaining cost
competitiveness in a global economy." 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/
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