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Last updated on April 17, 2014 at 16:43 EDT

Thresher Industries, Inc. to Expand Business Through Use of New High Pressure Casting Technology

December 10, 2008

HANFORD, Calif., Dec. 10 /PRNewswire-FirstCall/ — Thresher Industries,
Inc. (Pink Sheets: THRR) is pleased to announce that the company plans to
expand its business through the purchase of high pressure die casting
technology. The company has agreed to purchase two Toshiba 350 ton and one
hi-bred 650 ton high pressure die casting machine with a Wazniac high
performance shot end and all support equipment including efficient high volume
melt / hold furnaces. The new work cells will allow Thresher to offer
conventional die castings as well as its metal matrix composite and high
ductility aluminum in near net configurations generating a projected increase
in annual revenue of approximately $15,000,000.

The high pressure die casting machines are used to produce metal parts for
a variety of purposes by injecting molten metal under high velocity into steel
molds using extreme pressure after the mold is filled making a high density
cast part. Thresher is also introducing a high volume vacuum during the
casting operation combined with a superior technology in extending tool life.
They can produce complex shapes with a high degree of accuracy and
repeatability.

“The purchase of these machines will allow us expand our market and allow
us to take on additional orders over the next two years. As we look to 2009,
we’ll continue to expand our business, increase our client-base and offer a
greater variety of products while increasing revenues for the Company,” stated

Tom Flessner, CEO of Thresher Industries, Inc.

About Thresher Industries, Inc.:

Thresher Industries is a provider of aluminum and metal matrix composite
alloy castings. They provide a full range of casting capabilities, from
prototypes or low volume casting to permanent mold, low pressure and high
pressure castings. Engineered materials working from our extensive catalog of
alloys to materials engineered to meet the customers very specific need
without compromise. The company offers full engineering, metallurgical and
sales support as well as unique technologies such as our Nautilus Core system.

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.
     www.thresherindustries.com
     or Call
     Investor Relations
     +1-866-THE-APPL(E)

SOURCE Thresher Industries, Inc.


Source: newswire