SOURCE: Thresher Industries, Inc.

August 14, 2007 10:00 ET

Thresher Industries Signs Memorandum of Understanding With Korean Consortium

Thresher Moves to Capture Nuclear Containment Business With Talbor® Material

HANFORD, CA and BUSAN, KOREA--(Marketwire - August 14, 2007) - Thresher Industries (PINKSHEETS: THRI) announced today that it has signed a Memorandum of Understanding with a newly formed Korean consortium. The Memorandum of Understanding will be used to finalize a joint venture contract which would establish an overseas manufacturing facility in Busan, Korea. Vice President of Business Development, Robin Carden remarked, "We have seen a very real demand for our materials and technologies in the Asian Pacific Rim and believe a joint venture and manufacturing presence will allow tremendous revenue growth and the ability to meet corporate objectives in the Pacific Rim. The Busan Manufacturing facility will target key customers for its Talbor material in the nuclear industry as well as applications for high strength composites in the growing Korean auto industry." The newly formed Korean Consortium is comprised of companies that have expertise in nuclear industry as well as knowledge of advanced materials.

Tom Flessner, Thresher Industries President, added, "We have seen great rebirth in the nuclear industry around the world. Our proprietary technology puts Thresher at the forefront of growing global demand enabling Thresher's customers to implement safer and more effective spent fuel storage strategies."

About Thresher Industries

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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