WSI Industries Announces 1 Year Order with New Firearms Customer

  WSI Industries Announces 1 Year Order with New Firearms Customer

Business Wire

MINNEAPOLIS -- April 02, 2013

WSI Industries, Inc. (Nasdaq: WSCI) today announced a new one year order from
a major firearms manufacturer. Benjamin Rashleger, president and chief
executive officer, commented: “As we previously disclosed, we have been
actively pursuing new programs and customers. We are pleased to announce
positive results from that process as we have received a new one year order
from a major firearms manufacturer. This order does not require the purchase
of any new equipment as it will consume available capacity in equipment that
we had available due to the market cycles we’ve experienced in other areas of
our business. Not only does this new customer provide a further
diversification to our market and customer base, it also illustrates the
diversity of the applications in where our machining capabilities and capacity
can be used.” Rashleger concluded: “We frequently communicate our efforts of
pursuing new programs and customers as a top priority in our long-term
strategy. Although our business will always experience short-term fluctuations
in demand by both individual customers and/or by specific industries, long
term we remain confident in our plan by focusing on growth not only via our
current customers, but by diversifying with new customers and industries as
we’ve demonstrated with this award.”

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 and aerospace, energy, recreational vehicles, small
engines, firearms, marine, bioscience and the defense markets.

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.

Contact:

WSI Industries, Inc.
Benjamin Rashleger (President & CEO), 763-295-9202
or
Paul D. Sheely (CFO), 763-295-9202
 
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