WSI Industries, Inc. (Nasdaq: WSCI) today reported the securing of a manufacturing and assembly program with a new customer. President and COO Benjamin Rashleger announced that a major defense and aerospace contractor has selected WSI Industries to manufacture a newly developed, complete turn-key assembly for them. Rashleger said: “We are very pleased to announce a multi-year agreement for WSI to provide manufacturing and assembly services for this entirely new program, as well as the beginning of a new relationship for WSI with a highly recognized fortune 100 company.” Rashleger continued: “We believe that the selection of WSI to manufacture the assembly for this exciting new program reflects positively on our manufacturing and assembly capabilities and our ability to provide a complete turn-key product to our customers. It also reinforces and rewards our efforts and focus on growing our business, expanding our market and diversifying our customer base.”
WSI expects to begin shipping assemblies to the customer beginning in the fiscal 2010 fourth quarter ending August 29, 2010.
WSI Industries, Inc. is a leading contract manufacturer that specializes in the machining of complex, high-precision parts for a wide range of industries, including avionics, aerospace and defense, energy, recreational vehicles, computers, small engines, marine, bioscience and instrumentation.
The statements included herein which are not historical or current facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. There are certain important factors which could cause actual results to differ materially from those anticipated by some of the statements made herein, including the Company’s ability to retain current programs and obtain additional manufacturing programs, and other factors detailed in the Company’s filings with the Securities and Exchange Commission.