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 Thresher Industries Inc. - THRR
Thresher Industries, Inc. (THRR.PK) is Run by a Team of Seasoned Professionals
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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Thresher Industries, Inc.’s (THRR.PK) Advantageous Nautilus Core System
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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New Research Report Features Kraig Biocraft Laboratories, Inc. (KBLB.OB)
Today, Kraig Biocraft Laboratories, Inc. announced that a new research report featuring the company has been published by Emerging Growth Research, LLP. The comprehensive report provides an overview of the company as well as updates investors on recent activities.
Kim K. Thompson, CEO of Kraig Biocraft commented, “We have been making significant progress in the laboratory toward the aim of producing new spider silk based fibers and textiles. We recently announced the scientific team successfully achieved the activation of florescent gene marker sequences, which the researchers incorporated into spider silk DNA packets. This was a major milestone for the Company. The new and updated research report provides an excellent overview of the methodologies we are employing to address this potentially lucrative market.”
To view or download the report, please visit :: Kraig Biocraft laboratories, Inc. ::. More information on Kraig Biocraft Laboratories can be found on the company’s website at Kraig Biocraft.
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Thresher Industries Inc. (THRR.PK) Finalizes Acquisition of Die Casting Machines
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
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 Grass Roots Distribution - The Broker's Website
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) Latest Innovation Reshapes Future of ‘Green’ Casting
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) Up 20% on Record Volume!
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. (THRR.PK) Begins Development of Renewable, Low-Carbon Heat Sinks for LED Lighting Industry
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) Solution to Help Alleviate U.S. Automotive Crisis
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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QualityStocks Features Thresher Industries, Inc. (THRR.PK) CEO in Exclusive Interview
QualityStocks’ audio interview with Thresher Industries, Inc. CEO Tom Flessner is now available. The complete interview can be heard at QualityStocks Audio Interviews & Video Charts.
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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