Thresher Industries Receives Purchase Order for ThermaLite MMC

HANFORD, Calif., May 16, 2011 /PRNewswire/ -- Thresher Industries (PinkSheets: THRR) announced today that it has received a purchase order from a California based aftermarket automotive company to further develop its ThermaLite metal matrix composite for use as an enclosure requiring superior thermal conductivity. The purchase order defines the thermal conductivity requirements for the enclosure and a deadline to bring this alloy to production.

Tom Flessner, President / CEO said, "We are very excited to enter this market. Success in this automotive application will offer us an opportunity to quickly move from this lower volume work to applications in first tier automotive, where these types of enclosures are used in most new vehicles produced in North America and in Europe. We will supply fully tested material and associated data to our customer before production of cast enclosures. First tier suppliers will have use for larger volumes and we fully intend to provide licenses to large volume end users. Our current material has been extremely important in opening this opportunity and both the customer and Thresher realizes that working with its newly hired metallurgist it can provide even better thermal conductivity.  This purchase order is for $60,000.00 and includes both metallurgical testing as well as sample batch preparation. After initial testing an order for tooling to pressure cast the heat sink / housing and production parts will be awarded with ongoing programs for other housings and heat sinks. We believe the production orders will initially generate $200 to 300K annually with other applications potentially seeing at least four times that dollar amount to follow from this one customer".

"Our ability to provide net shape enclosures that can function as heat sinks for these enclosures is adapted from similar technology used in stealth military applications which have been used to minimize thermal footprints. Reducing under hood temperatures around electrical enclosure will extend the life of sensitive electrical components and demonstrate our material capabilities for use in hybrid and electric vehicles".

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
[email protected]

SOURCE Thresher Industries, Inc.