Archive for the ‘Thresher Industries Inc. THRR’ Category

Thresher Industries, Inc. (THRR.PK) Completes Order from U.S. Defense Contractor

Monday, May 18th, 2009

Thresher Industries, Inc., a manufacturer focused on precision recycled aluminum and advanced metal matrix composite parts, announced that it has shipped an order for cast aluminum parts as requested by Onodi Tool & Engineering Company, a privately-held manufacturer and assembler serving the United States Government and Tier One combat vehicle manufacturers since the early 1970′s.

Tom Flessner, CEO and President of Thresher Industries, stated, “We shipped our first Onodi Tool & Engineering order in late 2004 and they have been a customer since our inception. We have seen a steady increase in quote activity from Onodi. We are thrilled to expand our relationship with Onodi upon completion of this order. We are supplying a number of quotes to the company now, and anticipate securing additional orders from Onodi later this year. ”

“The lightweight, reinforced strength of our 100% recycled aluminum castings are ideal for military vehicle use,” Flessner added. “Our parts can help decrease vehicle weight, which in turn allows for heavier armor application and cut costs, while promoting a cleaner, greener environment. Thresher is equipped to overcome the toughest challenges facing manufacturers today, including meeting the mission-critical requirements of the U.S. Military.”

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Thresher Industries, Inc. (THRR.PK) Positions Itself for Rapid Revenue Growth

Wednesday, May 13th, 2009

Thresher Industries, Inc. was pleased to announce today that it is actively pursuing numerous bids that could result in millions of dollars in revenues over the next several years. Through its global sales representative Advanced Technology Sales Associates, Thresher Industries has been negotiating with a variety of companies to provide alloy castings across several vertical markets for Thresher’s high pressure casting group.

The company’s quotes for manufactured automotive parts as well as research and development could generate between $150,000 and $300,000 in revenues for 2009 and $500,000 to $750,000 in 2010. Once full production begins to fill orders generated from these bids, revenues could increase between $3.5 million and $8.5 million in 2011 and continue to grow to approximately $14 million in 2012.

According to the press release, Thresher Industries also placed several bids to a lighting company to supply parts for heat sinks and other related parts. The orders resulting from these bids could generate additional revenues between $125,000 and $450,000 in 2009 and $450,000 to $2.4 million in 2010 for each part.

“We have submitted quotes to several companies and are actively negotiating to close them in the near future. Once closed, these new projects could bring in a significant amount of revenue for Thresher Industries over the next several years,” commented Tom Flessner, CEO of Thresher Industries, Inc.

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Thresher Industries, Inc. (THRR.PK) Matches Cutting Edge Technology with Cutting Edge Management

Monday, May 11th, 2009

Thresher Industries, an advanced technology aluminum castings company out of Hanford, California, is a good example of the old business truism: People Are The Company. In an intensely competitive industry, during critical economic times, Thresher has never lost sight of the basics represented in its stated mission to provide every customer, big or small, with innovative and quality solutions at fair prices. They continue to grow their business by developing cutting edge technologies and materials, including their own proprietary Direct Metal Induction Cast Process and their Nautilus Core Process, all of which results in more flexible, cost effective, and environmentally friendly casting.

At the heart of the company is its management team, comprising an impressive record of business achievement and dedication.

• Tom Flessner, CEO, has an extensive background in die-casting and foundry management, as well as turning around distressed manufacturing companies. In 1991, he implemented a successful turnaround of Puget Cast Products Casting Division in Tacoma, Washington, and later Allied Die Castings in North Carolina. He later directed Alyn Corporation’s Precision Pressure Cast Division and was instrumental in building their casting department. He has worked with businesses attracting such customers as General Motors and Buell.

• Ed Gardner, Chairman of the Board, has more than 20 years of quality and manufacturing experience, including work as Corporate Quality Director at Greene Tweed, and Global Quality Systems leader at Owens Corning where he initiated their worldwide Quality Management System. Earlier quality experience includes work with Holley Performance Products, Allied Signal, and Warn Industries. Besides having an MBA from Willamette University in Oregon, he is a Certified Lean Six Sigma Belt holder, awarded for achievement in business quality, and is pursuing his Master Black Belt Certification.

• Roger Rowell, CFO, at the of 24, as Managing General Partner of The Rowell Company, took an office building with 27% occupancy to 100% at the time of sale. He is also Managing General Partner of Temecula Ranchos, gaining experience handling all financial and operational aspects of one of the largest grapefruit producers in California, and also serves as President of Mahowell Services, handling real estate acquisitions. He recently left his financial advisor role at Merrill Lynch to become CFO of Thresher.

• Kevin Weeks, Director, started his own multi-line insurance agency in the Chicago area, stepping away from daily operations in 1990, and completing a turnaround in the corporate agency that he was employed with. In 1995, Kevin relinquished management of that agency back to the corporation he currently supervises. He has also been contracted to various agencies and organizations for leadership and motivational instruction.

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QualityStocks Features Thresher Industries, Inc. (THRR.PK) CEO in Exclusive Interview

Thursday, May 7th, 2009

QualityStocks’ audio interview with Thresher Industries, Inc. CEO Tom Flessner is now available. The complete interview can be heard at http://www.qualitystocks.net/videocharts.php?chartvid_id=321.

During the 15 minute interview, Mr. Flessner provides an overview of the company, its target market, competitive advantages, “green” initiatives, and commentary on the recent positive coverage received from Grass-Roots-Research. He also explained how the recently introduced Nautilus Core System benefits the company’s customers. Thresher Industries, Inc. is also growing in this troubled economy while others are slowing their production. Mr. Flessner explains, “In Central California, the unemployment rate is horrific. We’re creating jobs here.”

Mr. Flessner continues, “We’re a US-Based company – all our products and materials are sourced in the US. Most casting companies only focus on one thing, we can fully process parts for a wide variety of industries in numerous ways. Thresher Industries has materials and processes that only we have. That makes us different than the competition. We’re in negotiations with Cal Poly over in San Luis Obispo, one of the most prestigious engineering schools, and we’re setting up a testing protocol with them for thermo-conductivity of our materials. It’s an exciting time for us.”

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Thresher Industries, Inc. (THRR.PK) Solution to Help Alleviate U.S. Automotive Crisis

Tuesday, May 5th, 2009

Thresher Industries, Inc., a manufacturer of precision recycled aluminum and advanced metal matrix composite parts, announced this afternoon that it is developing a broad array of high-strength, cast aluminum components designed to help build cleaner, energy efficient vehicles. Thresher’s proprietary, biodegradable processes have already been successfully used in products for Chevrolet, Chrysler, and Ford. The company told investors that new and developing applications include, but are not limited to: torque boxes for unit body vehicles; engine cradles; feed brackets, diesel engine components, instrument panel sub-frames, and suspension components.

Tom Flessner, President and CEO of Thresher Industries, stated, “Thresher Industries’ 100% recycled aluminum casting products are designed with reinforcements that offer increased strength, while reducing the total weight of parts. This unique combination results in the construction of lighter weight, higher fuel efficiency vehicles that can be produced at a lower cost throughout the supply chain. Our diverse applications are designed to serve all segments of the global automotive industry. As the U.S. automakers undergo an intense reorganization, our goal is to offer automakers viable, long-term solutions that can help lower costs, reduce carbon emissions and provide incentives for consumers to purchase American-made vehicles.”

To help facilitate the introduction of new products to global markets, Thresher Industries appointed Advanced Technology Sales Associates as its global sales representative. Advanced Technology has agreed to represent Thresher Industries in the Eastern United States and Europe. Automotive Sales Engineering Group’s customers include: Visteon, Lear, Automotive Components Holding Company, Ford Motor Company, American Axle, Hutchinson and Magna.

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Thresher Industries, Inc. (THRR.PK) Begins Development of Renewable, Low-Carbon Heat Sinks for LED Lighting Industry

Monday, May 4th, 2009

Thresher Industries, Inc., a California-based manufacturer of precision aluminum and advanced metal matrix composite parts, announced this morning that it is developing a low-carbon footprint, highly thermal conductive die cast aluminum composite (a type of heat sink). Initially, the company will target the LED lighting industry.

According to the U.S. Department of Energy, white high powered LEDs can emit 150-200 lumens per watt, twice the efficacy of current fluorescent technologies and approximately 10 times that of traditional incandescent lighting. Industry experts believe LEDs will become the standard of lighting within the next several years because of their high energy efficiency and long-life. Thresher aims to advance the development of energy-efficient technologies such as LED lighting, which require superior heat dissipation during manufacturing.

Tom Flessner, President and CEO of Thresher Industries, Inc., stated, “Our entry into the heat sink industry positions us to capitalize on the tremendous growth of the LED market. According to Strategies Unlimited, the LED lighting market is forecasted to grow to $1.65 billion by 2012, making it one of the fastest growing segments in the LED industry. We are entering the data gathering and testing phase of our heat sinks. Ultimately, we plan to offer a fully developed and proven material to a wide range of industries that are seeking new technologies and renewable materials that can lower their carbon footprint and enhance product performance.”

According to the press release, the company is in discussions with California Polytechnic State University-San Louis Obispo’s Material Sciences Department to conduct testing and reporting material data on its heat sinks. Thresher’s product development efforts are focused on a low carbon footprint, highly thermal conductive heat sink with performance exceeding 6061 billet aluminum for use in LED lighting. Thresher anticipates expanding into much broader markets in the automotive, electronic and aerospace industries after its initial entry in the LED lighting industry.

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Thresher Industries Inc. (THRR.PK) Up 20% on Record Volume!

Friday, May 1st, 2009

Thresher Industries Inc. (THRR.PK) is currently trading at $0.012, up 20% from yesterday’s close. Earlier this afternoon the stock traded as high as $0.0135. More than 1.8 million shares have been traded today, which is substantially higher than the stock’s average daily volume of 694,700.

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Thresher Industries, Inc.’s (THRR.PK) Latest Innovation Reshapes Future of ‘Green’ Casting

Wednesday, April 29th, 2009

Thresher Industries, Inc., a California-based manufacturer of precision recycled aluminum and advanced metal matrix composite parts, was pleased to announce today its latest innovation in eco-friendly casting, the Nautilus Core System. This system is a proprietary bio-degradable manufacturing process of producing cores for use in aluminum and magnesium casting. The Nautilus Core System can be used to generate internal and runner shapes as well as passages in practically any metal casting, including high-pressure casting and permanent mold casting as well as plastic parts.

Tom Flessner, President and CEO of Thresher Industries, stated, “The Nautilus Core is an excellent tool that helps us reduce material costs by as much as 80% and waste by 100%. We are continuing to develop and refine this process in order to provide greater customer satisfaction, attract a broader client base and enhance our revenues. Our innovative high strength metal matrix composites, when used with the Nautilus Core, offer engineers unique capabilities and unprecedented freedom in design.”

By using the direct metal induction cast process and high pressure die casting with the Nautilus Core, Thresher Industries produces cast aluminum components that support a variety of industry needs. The process provides customers with lightweight, high strength and cost-effective materials with limitless design possibilities. According to the company, the Nautilus Core has been used to create parts for several major automotive companies, including intake manifolds and one-piece water pumps.

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Thresher Industries Inc. (THRR.PK) Finalizes Acquisition of Die Casting Machines

Tuesday, April 28th, 2009

Thresher Industries Inc. manufactures precision recycled aluminum and advanced metal matrix composite parts, obtaining, sourcing and processing all of its raw materials from and in the United States. As part of the company’s stated commitment to provide earth friendly manufacturing to a number of industries, Thresher caters to agriculture, aerospace, defense, transportation and automotive companies in the United States and Europe.

The company yesterday announced the completion of its acquisition of two Toshiba 350 ton and one hi-bred 650 ton high pressure die casting machine with a Wazniac high-performance shot end and necessary support equipment, including efficient high volume melt/hold furnaces.

“Thresher’s mission is to create the highest customer satisfaction using the lowest cost of materials and the least environmental impact. Our new machines can produce complex shapes with a high degree of speed, accuracy and repeatability, reducing the time and energy spent on production. A single part can be processed in about 30 to 60 seconds compared to 4 to 5 minutes in perm mold casting. We look forward to passing these savings to our customers and helping them lower their carbon footprint,” Tom Flessner, president and CEO of Thresher, stated.

Flessner continued that through its expansion and acquisition efforts, Thresher plans on securing customers and orders in several different industries.

“As a result of our expanded capabilities, we anticipate to capture new orders in the automotive, electronics and lighting industries, generating additional annual revenues of $15 million,” he stated.

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Thresher Industries, Inc. (THRR.PK) Announces Release of Research Report Establishing $0.93 Price Target

Tuesday, April 28th, 2009

Thresher Industries, Inc., a manufacturer of precision recycled aluminum and advanced metal matrix composite parts, announced today that a 16-page positive research report on the company has been published by one of the nation’s leading micro-cap research firms, Grass-Roots-Research. The report can be viewed on the research firm’s website at www.grass-roots-distribution.com

The report stated, “We forecast significant top-line growth as the Company focuses on highly profitable markets nationwide and in Europe through its agreement with Advanced Technology Sales Associates. Revenues are projected to grow more than six times from 2008 to approximately $1.8 million in 2009. Thresher Industries, Inc. is a compelling opportunity for risk adverse investors.”

Grass-Roots-Research used its Discounted Cash flow (DCF) method to derive short-term and long-term price targets. The research firm established a short-term price target of $0.93, an increase of more than 9,000% when compared to yesterday’s closing price.

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Thresher Industries, Inc.’s (THRR.PK) Facilities and Equipment

Wednesday, January 28th, 2009

Thresher produces aluminum and composite castings at its Hanford Foundry, an 18,000-ft2 permanent-mold casting operation, with finishing equipment, tool storage facilities, a small maintenance department, quality assurance department with surface plates, hand measuring equipment, file storage and offices for engineering and production control. The building is currently being completely remodeled by the owner with new paint and parking areas being resurfaced.

Headquartered in Hanford, California, within the Kings County Enterprise Zone, the company enjoys the advantages of a moderate climate, excellent local government support, and programs designed to enhance Kings County’s business environment. More specifically, Thresher is located within a state enterprise zone, a recycling market development zone, a foreign trade zone, and an SBA HUB Zone for contract preferences.

The company’s equipment consists of tilt machines for perm mold casting, five melt furnaces all gas fired, low volume heat treat capability, grinders, sanders and band saw for finishing as well as limited sand casting capability for prototype use. All batches or melts are 100% tested for out-gassing, and spectrographic samples are taken and inventoried for analysis by Thresher’s outside test lab, which is located only 30 minutes from its manufacturing facility.

Thresher also has the equipment needed to produce metal matrix composite alloy on site. The equipment is setup in the Composite Manufacturing Department with a dedicated 1,000 pound furnace and a proprietary piece of equipment.

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Thresher Industries, Inc.’s (THRR.PK) Advantageous Nautilus Core System

Monday, January 26th, 2009

Thresher Industries’ Nautilus Core System is a unique method of producing cores for use in aluminum and magnesium casting. The cores can be removed with very little effort via high pressure steam or water, is biodegradable and can be located in areas not viable for sand or foam core. Ongoing development of this process is anticipated to result in greater customer satisfaction and the ability to bring this technology to a price sensitive market place.

The core can withstand virtually any die cast process pressures and temperatures of up to 1380 degrees F. Having the appearance of a high quality ceramic, the core can be created with any surface finish desired and is dimensionally stable. The material used is environmentally friendly and can be easily reclaimed. Thresher Industries offers to either produce the cores and ship them to a customer’s facility or sign a licensing agreement and provide the necessary support equipment and staff to implement core production in their facility.

Thresher Industries’ Nautilus core system has been successfully used in products for Chevrolet, Chrysler, and Ford, and has proven its ability to meet the demands the golf industry in production of one piece driver heads using ThermaLite material. According to the company’s website, patents are currently being developed for both the process and equipment to produce them.

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Thresher Industries, Inc. (THRR.PK) is Run by a Team of Seasoned Professionals

Friday, January 23rd, 2009

CEO Tom Flessner started his career in product design in the mid 1960′s with Outboard Marine Corporation, the parent company of Johnson and Evinrude outboard motors. The focus of his career has been on the die-casting and foundry management business. Mr. Flessner is known for his ability to successfully turn around distressed manufacturing companies. In 1991 he was instrumental in the turnaround of Puget Cast Products Casting Division in Tacoma, Washington and later Allied Die Castings in Rutherfordton, North Carolina. In 1996, as Director of the Precision Pressure Cast Division of Alyn Corporation, he participated in the design and construction of their casting department.

Ed Gardner, Chairman of the Board of Directors, brings more than 20 years of quality and manufacturing experience to the Thresher management team. He is currently the Corporate Quality Director at Greene Tweed, and most recently, Ed served as the Global Quality Systems leader at Owens Corning where he initiated the worldwide Quality Management System, driving Quality performance and waste elimination across the corporation. Mr. Gardner also gained valuable insight into the Quality arena working with Holley Performance Products, Allied Signal, and Warn Industries. Ed holds a B.S. degree from Utah State University and a MBA from Willamette University in Oregon.

CFO Roger Rowell earned his Bachelor’s degree in finance from the Sid Craig School of Business at Fresno State University. At the age of 24, he became Managing General Partner of The Rowell Company in Fresno, California. During his tenure, the office building’s 27% occupancy grew to 100% at the time of its sale. Roger is Managing General Partner of Temecula Ranchos, a California General Partnership, where he was in charge of the financial and operational aspects of the farming organization. Temecula Ranchos was one of the largest Grapefruit producers in California. Roger is also President of Mahowell Services, a California Corporation. His responsibilities include due diligence and real estate acquisitions.

Director Kevin Weeks successfully founded his own multi-line insurance agency in the Chicago area in 1976. In 1990, Kevin stepped away from the agency’s daily operations and successfully completed a turnaround in the business that he was currently employed with. Five years later, Kevin relinquished management of that agency back to the corporation he currently supervises today. Mr. Weeks’ extensive background in corporate financial structure and financial planning will be a benefit to Thresher. He has been instrumental in obtaining new customers and shares enthusiasm for the company.

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Keep Thresher Industries, Inc. (THRR.PK) on Radar!

Wednesday, January 21st, 2009

Thresher Industries, Inc. (THRR.PK) is focused on providing aluminum and metal matrix composite alloy castings. The company offers a full range of casting capabilities, from prototypes or low volume casting to permanent mold, low pressure and high pressure castings, as well as full engineering, metallurgical and sales support. Thresher Industries acknowledges the need for nearby manufacturing sites and intends to support that need with innovative manufacturing solutions.

The company, headquartered in Hanford, California, midway between Los Angeles and the Bay Area, has an eighteen thousand square foot manufacturing facility located in the middle of the Kings County Enterprise Zone. This advantageous location provides the company with moderate climate, excellent local government support, and programs designed to enhance Kings County’s business environment.

Thresher Industries, Inc. has developed a unique method of producing cores for use in aluminum and magnesium casting. The core can be easily removed by applying high pressure steam or water and is biodegradable. The company anticipates that ongoing development of this process will result in greater customer satisfaction and the ability to bring this technology to a price sensitive market place.

In 2009, Thresher Industries aims to expand its sales and marketing initiatives throughout the United States, while building its business through the purchase of two Toshiba 350 ton and one hi-bred 650 ton high pressure die casting machine. Through the purchase of these new work cells, the company will be able to offer conventional die castings, in addition to its metal matrix composite and high ductility aluminum, in near net configurations, generating a projected increase in annual revenue of approximately $15 million.

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Thresher Industries Inc. (THRR.PK) is “One to Watch”

Thursday, January 8th, 2009

Headquartered in Hanford, California, Thresher Industries is a provider of aluminum and metal matrix composite alloy castings. The Company started as a perm-mold casting enterprise, but later expanded their manufacturing capabilities to include low pressure, high pressure, and Nautilus Core manufacturing. The Nautilus Core manufacturing is a unique method of producing cores for use in aluminum and magnesium casting. The core is easily removable through high-pressure steam or water, is biodegradable, and can be located in areas not viable for sand or foam core.

Thresher Industries offers full engineering, metallurgical, and sales support along with designs and prototype development. The Company prides themselves on offering rapid response to customer needs as well as regional customer support from their sales and engineering team members. Thresher Industries has manufacturing sites near their diverse markets. Along with their full engineering services, they have a group of fully audited outside service providers for x-ray, machining, painting, and more. In addition, their production department also provides finished castings.

In December, Thresher Industries announced that they plan to expand their business. This is through the purchase of high-pressure die casting technology. They agreed to purchase two Toshiba 350 ton and one hi-bred 650 ton high pressure die casting machine with a Wazniac high performance shot end and all support equipment including efficient high volume melt/hold furnaces. These will enable Thresher to offer conventional die-castings as well as metal matrix composite and high ductility aluminum in near net configurations. They forecast that this will generate an increase in annual revenue of approximately $15,000,000.

Today, the Company announced that they have established goals to expand their sales and marketing initiatives throughout the U.S. this year. They will seek sales representatives to promote their product, introduce their services to new clients across several vertical markets, and focus on long-term domestic growth for Thresher Industries.

Thresher signed an agreement last year with Advanced Technology Sales Associates to be their global sales representative. Advanced Technology will represent Thresher Industries in the automotive, aerospace, and electronics industries in the Eastern United States and Europe.

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