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Sunday, April 18, 2010 3:52:51 AM
HANFORD, Calif., Oct. 7 /PRNewswire-FirstCall/ --
Thresher Industries, Inc. (Pink Sheets: THRR) is pleased to announce that the company has acquired a Stahl 36" x 36" Self-Pouring Autocast Machine. This machine will expand Thresher's business through its ability to meet demand in making parts in larger sizes. Thresher will also purchase all the required support equipment including efficient high volume melt / hold furnaces. This new work cell will allow Thresher to offer conventional permanent mold castings as well as its metal matrix composite and high ductility aluminum castings generating a projected increase in annual revenue of approximately $2,500,000.
The 36" x 36" Autocast machine is used to produce metal parts for a variety of customer purposes. Thresher has several opportunities to put this machine into production immediately and believes the machine will quickly bring additional revenue to the company.
"With the addition of this machine we will expand our market. A machine of this size allows Thresher Industries the ability to cast product from less than one pound to larger than 50 pounds, opening markets we could not approach prior to this. Taking additional orders over the next two years and expand our business in casting not only to conventional aluminum but our composite alloys as well as materials we are currently developing. As we look to 2010, we'll continue to expand our business, increase our client-base and offer a greater variety of materials and processes while increasing revenues for the Company," stated Tom Flessner, CEO of Thresher Industries, Inc.
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