SOURCE: Thresher Industries, Inc.

October 30, 2006 09:39 ET

Thresher Industries Completes Order for Onodi Tool & Engineering Co.

HANFORD, CA -- (MARKET WIRE) -- October 30, 2006 -- Thresher Industries (PINKSHEETS: THRI), manufacturer of aluminum and composite castings is excited to announce the completion and shipment of conventionally cast aluminum parts to Onodi Tool & Engineering Company. Tom Flessner CEO/President, of Thresher Industries stated, "Our relationship with Onodi has been growing, Onodi is very pleased with the quality of work provided, and have seen a dramatic increase in quote activity from Onodi." Onodi Tool & Engineering Company is a privately held maker and assembler of parts for the defense industry. Onodi provides parts for the Abrams M1 tank, eight-wheeled Stryker vehicle as well as other military vehicles. They are located in Melvindale Michigan and have revenues less than $15 Million.

Thresher Industries provides conventional cast aluminum as well as reinforced metal matrix composite aluminum alloy components for a variety of customers and applications. Thresher's ThermaLite and TerraLite alloys offer unique properties compared to conventional aluminum alloys such as increased wear resistance, unique thermal properties and greatly increased strength. Thresher also offers proprietary casting technologies including its Nautilus Core Technology, a bio-degradable recyclable process that is used to generate internal shapes and passages in castings without sand or binders normally used in casting operations.

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