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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
www.thresherindustries.com
info@thresherindustries.com
SOURCE Thresher Industries, Inc.
http://www.thresherindustries.com
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