HANFORD, Calif., May 2, 2011 /PRNewswire/ -- Thresher Industries
(PinkSheets: THRR) early this year announced the decision to
concentrate on our unique cast grades of metal matrix composite and
related processes for key markets. "Through our Detroit based representatives we are currently
working on application in diesel engine pistons, a mutual
non-disclosure has been signed, and we are progressing on a cost
structure to provide testing and material samples. Our metallurgist
is analyzing our customers testing criteria and the need for
further refinement of the alloy for this market. The potential for
the application of our material in automotive diesel engine pistons
is exciting. Our material has excellent elevated temperature
stability, its light weight and is extremely wear resistant" stated
Tom Flessner, CEO of Thresher
industries.
Further, states Mr. Flessner, "We anticipate a contract for the
work which will then lead to prototype and pre-production orders.
We ultimately anticipate multiple material and technology
licenses from applications for our material in the automotive
aftermarket based on this development work. Discussions are
currently underway with aftermarket manufacturers for application
for automotive pistons. The diesel engine market for automotive
applications is huge in Europe and
will be embraced in North America
with rising oil costs; these engines offer excellent power and fuel
economy. The potential for our material in these engines is huge,
pistons are a stepping stone to engine blocks where our materials
strength, lightweight and sound dampening capability will allow our
customers an advantage over materials like cast iron or even
conventional aluminum. The potential profit from this is
staggering; we have reduced our overhead and opted to concentrate
on licensing rather than production, giving us the opportunity to
generate profit with minimal overhead or the need for capital
expenditures for additional production equipment. Revenues
are forecasted for year 2012 are $6-8M, 2013 $12-15M
and double for each of the next 5 years.
Our goal is to move rapidly to profit and to protect our
intellectual properties as we do this. As previously announced we
are concurrently pursuing additional non-automotive market
applications for our materials and technology and I believe this
will ultimately lead to major profits and a continued opportunity
to develop new materials and pursue multiple licensing
opportunities for Thresher Industries.
The opportunities we currently have in front of us are huge,
sales of hundreds of millions are within reach and as we build on
each step of material development and refinement new markets will
continue to emerge.
Lightweight, high strength aluminum based composites time has
come, our concentration on the development of these materials and
our willingness to license the manufacture and processing of these
materials gives us a unique advantage in the market, and we are
currently a standout, the only game in town!
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
