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Thresher Industries, Inc. Responds to U.S. Automotive Crisis

May 5, 2009

-Develops Components for a Cleaner, Lower-Cost Vehicle-

HANFORD, Calif., May 5 /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 is developing a wide range of high-strength, cast aluminum components that can help build cleaner, energy efficient vehicles for the global automotive industry. To date, Thresher’s proprietary, biodegradable processes have been successfully used in products for Chevrolet, Chrysler, and Ford. The Company’s new and developing applications include, but are not limited to: torque boxes for unit body vehicles; engine cradles; feed brackets, diesel engine components, instrument panel sub-frames, and suspension components.

“Thresher Industries’ 100% recycled aluminum casting products are designed with reinforcements that offer increased strength, while reducing the total weight of parts. This unique combination results in the construction of lighter weight, higher fuel efficiency vehicles that can be produced at a lower cost throughout the supply chain,” stated Tom Flessner, President and CEO of Thresher Industries. “Our diverse applications are designed to serve all segments of the global automotive industry. As the U.S. automakers undergo an intense reorganization, our goal is to offer automakers viable, long-term solutions that can help lower costs, reduce carbon emissions and provide incentives for consumers to purchase American-made vehicles.”

Thresher Industries is encouraged by President Obama’s recent remarks on the American automotive industry. “I am absolutely committed to working with Congress and the auto companies to meet one goal: the United States of America will lead the world in building the next generation of clean cars,” said President Obama during a White House briefing held on March 30, 2009.

To help bring new products to global markets, Thresher Industries appointed Advanced Technology Sales Associates as its global sales representative in 2008. Advanced Technology, the sister company of Automotive Sales and Engineering Group, will represent Thresher Industries in the automotive as well as other industries in the Eastern United States and Europe. Automotive Sales Engineering Group’s customers include: Visteon, Lear, Automotive Components Holding Company, Ford Motor Company, American Axle, Hutchinson and Magna.

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.
    Tel: 559.585.3400,

http://www.thresherindustries.com/

SOURCE Thresher Industries, Inc.


Source: newswire



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