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Thresher Industries Completes Major Equipment Acquisition

Posted on: Monday, 27 April 2009, 05:31 CDT

- Expanded Capabilities Projected to Increase Annual Revenues by $15 Million -

HANFORD, Calif., April 27 /PRNewswire-FirstCall/ -- Thresher Industries, Inc. (Pink Sheets: THRR), a California-based manufacturer of precision recycled aluminum and advanced metal matrix composite parts, announced today that it has completed its acquisition of 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 equipment is fully operational and reinforces the Company's commitment to bring earth-friendly manufacturing to a variety of industries.

"Thresher's mission is to create the highest customer satisfaction using the lowest cost of materials and the least environmental impact. Our new machines can produce complex shapes with a high degree of speed, accuracy and repeatability, reducing the time and energy spent on production. A single part can be processed in about 30 to 60 seconds compared to 4 to 5 minutes in perm mold casting. We look forward to passing these savings to our customers and helping them lower their carbon footprint," said Tom Flessner, President and CEO of Thresher Industries, Inc. "As a result of our expanded capabilities, we anticipate to capture new orders in the automotive, electronics and lighting industries, generating additional annual revenues of $15 million."

The new work cells will allow Thresher Industries to offer conventional die castings as well as its metal matrix composite and high ductility aluminum in near net configurations. 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 has hedged its competitors by introducing a high volume vacuum during the casting operation combined with a superior technology in extending tool life.

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-compliant 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., info@thresherindustries.com

SOURCE Thresher Industries, Inc.

Source: PR Newswire

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