HANFORD, Calif., Oct. 17, 2011 /PRNewswire/ -- Thresher Industries
(PinkSheets: THRR) announced today that it has received a purchase
order for production quantities of its highly thermal conductive
material from an aftermarket automotive customer. Thresher has
developed this material for use in applications requiring heat
transfer similar to billet aluminum.
Tom Flessner, President / CEO,
"Our success in developing this material has given our customer a
competitive advantage in their market automotive ignition control
units. This $80,000.00 purchase order
is for first quarter release 2012 leading to revenues of about
$300,000 annually. We have also
received a $25,000 order for material
used in an agricultural component requiring increased wear
resistance and light weight. Our success with these materials and
finding niche markets allows us to further refine the manufacturing
technology and pull Thresher to profit."
About Thresher Industries
Based in Hanford, California,
Thresher 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
www.thresherindustries.com
info@thresherindustries.com
SOURCE Thresher Industries