SOURCE: Thresher Industries, Inc.

February 15, 2007 09:00 ET

Thresher Industries Completes Transfer of Talon Composites Manufacturing to the Thresher Manufacturing Campus and Announces R&D Facility

HANFORD, CA -- (MARKET WIRE) -- February 15, 2007 -- Thresher Industries (PINKSHEETS: THRI), a Hanford, California-based manufacturer of quality aluminum and composite components, announced that it had completed the transfer of all manufacturing for Talon Composites to its Hanford, California, manufacturing campus. Tom Flessner, President / CEO of Thresher Industries, said, "All manufacturing equipment and inventory for Talon Composites has been transferred to the new facility. We have completed the hard installation of the processing furnaces and support equipment. The Warehousing and inventory of all materials are now completed as well. Setup of the QA lab is progressing with a scheduled calibration of inspection equipment to be completed as quickly as possible."

The new Talon facility is located adjacent to Thresher Industries Corporate facility. Production is scheduled to begin before the end of the month as we begin filling current orders for Talon materials. Facility development is ongoing with construction of its Materials Research and Development facility nearing completion. The R&D facility will be used to develop and qualify all materials used at Thresher Industries and Talon Composites as well as an incubator for emerging processes and technology. The R&D Facility will be managed by Robin Carden, VP of Business Development. Robin will direct testing protocol and establish priorities for embracing new and emerging technologies.


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. Talon Composites Division produces metal matrix composites, supplying proprietary material to the nuclear industry. Talons material is produced using a neutron absorbing ceramic, making it an excellent material for storage casks used for spent fuel rod.

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The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

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