WSI Industries Announces New Training Program Grant

July 14, 2015 | By Business Wire News

MINNEAPOLIS

WSI Industries, Inc. (Nasdaq: WSCI) today announced that they were awarded a grant in conjunction with the Minnesota Job Skills Partnership (MJSP) to provide training programs for their workforce. The Company will partner with the Alexandra Technical and Community College (ATCC) to provide the training.

Benjamin Rashleger, President and CEO, commented: “WSI is pleased to have been awarded the grant from the MJSP. The grant, which totals $49,000, will be matched by WSI Industries and will provide our employees advanced training in subjects ranging from geometric dimensioning and tolerancing, blueprint reading, quality control & metrology and CAD/CAM software. WSI is also happy to partner with the ATCC, a leading Minnesota technical and community college, who will provide much of the resources needed to complete the training.” Rashleger concluded: “Our industry has traditionally experienced a tight labor market which has led to difficulty in hiring qualified employees. We believe it is important to provide in-house training to develop the skills of our existing workforce and to ensure they have the skills necessary for WSI to be successful and to grow our business. This grant will be an excellent starting point which will support the Company’s ability to meet and respond to industry changes and challenges.”

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 automotive, avionics and aerospace, energy, recreational powersports vehicles, small engines, 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.