THRR Thresher Industries Completes PPAP on $125,000 Tool Order from S&P 500 Conglomerate
2009-10-27 09:22 ET - News Release
HANFORD, Calif., Oct. 27 /PRNewswire-FirstCall/ -- Thresher Industries, Inc. is pleased to announce that the Company has completed production on a two-part tooling package for an S&P 500 conglomerate as required by the Production Part Approval Process (PPAP). The PPAP ensures that customer is satisfied with the design specifications, production quality and cost of each part. Upon approval of the PPAP, Thresher can begin full-scale production, the total cost of the tooling was approximately $125,000, announced on July 9, 2009.
"The order from this S&P 500 conglomerate further diversifies our customer base, and marks our entry into an exciting new industry. We produced these two parts using our newly upgraded, high-speed Toshiba machine. Production ran incredibly smoothly, with the same energy-efficiency and solid performance as our prior test runs," said Tom Flessner, CEO of Thresher Industries. "We anticipate to begin full production, upon approval of the PPAP, within two weeks. We are reaffirming our estimates that a single, new machine can add at least $4 million to revenues each year. With two more machine upgrades nearing completion, we anticipate exponential revenue growth in the near future."
The newly upgraded Toshiba machine is capable of filling parts in less than 20 milliseconds, while casting parts from ounces to 15 pounds and cycle times of less than 30 seconds are attainable with this highly efficient piece equipment. Thresher delivers lightweight, high strength, heat resistant components that resist wear and can lead to weight savings of around 40% compared to conventional aluminum casting technology. Markets served include Homeland Security, defense and aerospace markets, transportation, automotive, agriculture and many emerging growth industries worldwide.
About Thresher Industries, Inc.
