HANFORD, Calif., March 30, 2011 /PRNewswire/ -- Thresher
Industries (Pink Sheets: THRR) announced today that pursuant to
signing mutual nondisclosure agreements with a Detroit, Michigan first tier automotive
supplier earlier this week, plans are underway to develop a hybrid
metal matrix composite (MMC) using Thresher's ThermaLite
technology.
The two companies have set up discussions to create a
potentially patentable hybrid MMC based on Thresher's unique
ThermaLite MMC platform technology. MMCs are used in a
variety of parts in the automotive industry, "We've waited
patiently for the U.S. automotive industry to make a resurgence,
and Detroit has let us know that
the time has come," said Tom
Flessner, CEO of Thresher. "By intricately modifying
the alloy material, automotive customers can achieve the exact
requirements of its pistons, as can be done with other
applications. Thresher sees this first alliance as so
significant that it could potentially redefine the manufacture and
material used to make pistons. Thresher will continue to announce
updates on this strategic relationship and other automotive
customers who have contacted Thresher to-date."
"Serious and significant interest from several large automotive
suppliers throughout the United
States, like the one we have identified in Detroit, continues to grow. We are very
encouraged with the work we have planned with this world-class
automotive supplier that is one of the industry's largest with over
$3 Billion in annual sales."
About Thresher Industries
Based in Hanford, California,
Thresher operates an ISO 9000-compliant, green foundry that
integrates bio-degradable technologies and processes to lower the
economic and environmental costs of production. 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
www.thresherindustries.com
info@thresherindustries.com
SOURCE Thresher Industries