🕐17.05.11 - 16:27 Uhr
IBC NEWS RELEASE
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IBC Advanced Alloys
NEWS RELEASE
May 17, 2011
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Vertically Integrated from Exploration to Market
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IBC Advanced Alloys Opens New Engineered Materials Manufacturing Facility
New Manufacturing Facility to Support Companys Strong International Growth
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Vancouver, BC - May 17, 2011 - IBC Advanced Alloys Corp.
(TSX-V: IB) ("IBC" or the "Company") has opened a new 63,000 square foot manufacturing
facility in Wilmington, MA to support the strong growth of the Companys Engineered
Materials division.
This new facility represents a major investment by IBC and will
significantly increase the Companys production capacity for near net shape investment
castings using the proprietary Beralcast family of high performance ultra-lightweight
alloys.
"The opening of the new Engineered Materials facility underscores IBCs commitment
to its Beralcast alloys and proprietary casting technologies," said Ray White,
President of IBC Engineered Materials.
"This new facility has been designed specifically
to meet our customers increasingly technical requirements and high quality standards,
while accommodating faster and more demanding delivery schedules.
We are looking
forward," continued White, "to satisfying the increasing global demand for our
castings and to fulfilling the needs of our growing aerospace and high tech customer
base."
The Company has successfully relocated to an optimally configured modern facility
that employs a more streamlined process flow and incorporates additional equipment
to further improve production efficiencies.
The plant also includes a second furnace
that will ultimately further increase capacity.
IBCs Wilmington facility will provide
customers with advanced metallurgical materials solutions produced at a state of
the art manufacturing facility.
IBC expects to increase employment at the Wilmington
plant and add up to 40 high tech manufacturing and engineering personnel over the
next three years.
Beralcast alloys are used in the manufacturing of various high tech industrial
components as well as in many commercial and military aerospace applications requiring
complex, lightweight and high-stiffness parts.
The primary Beralcast alloy is more
than three times stiffer than aluminum with 22% less weight and can be precision-cast
to simple and complex configurations making it an ideal engineered and cost effective
solution for a wide range of complex aerospace and commercial applications.
Its
material properties help to contribute to greater production efficiencies, an exceptional
performance profile and consistent high quality standards.
"This investment and plant opening represents a significant event in IBCs history
and would not have been possible without the ongoing support of our customers, employees
and shareholders," said Anthony Dutton, President and CEO of IBC.
"IBC is committed
to materials performance and to providing engineered materials solutions to our
growing international customer base," continued Dutton, "and this new facility is
a testament to that commitment."
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About IBC Advanced Alloys Corp.
IBC is an integrated manufacturer and distributor of rare metals (beryllium)
based alloys and related products
serving a variety of industries including nuclear energy
automotive, telecommunications and a range of industrial applications.
IBC has 80
employees and is headquartered in Vancouver, Canada with production facilities in
Indiana, Massachusetts, Pennsylvania and Missouri.
Additionally, IBC owns prospective
beryllium properties
in the Western US covering approximately 9,500 hectares.
IBC is creating a dynamic
global beryllium and advanced alloys company.
IBCs common shares are traded on
the TSX Venture Exchange under the symbol "IB".
IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
Email:
Website: www.ibcadvancedalloys.com
Rubenstein Investor Relations
Tim Clemensen
(212) 843-9337
Email:
This news release was prepared by management of IBC, which takes full responsibility
for its contents.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy of this news release.
Neither TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This disclosure contains certain forward-looking statements that involve substantial
known and unknown risks and uncertainties, certain of which are beyond the Companys
control including: the impact of general economic conditions in the areas in which
the Company operates, industry conditions, changes in laws and regulations including
the adoption of new environmental laws and regulations and changes in how they are
interpreted and enforced, increased competition, the lack of availability of qualified
personnel or management, fluctuations in commodity prices, foreign exchange or interest
rates, stock market volatility and obtaining required approvals of regulatory authorities.
In addition there are risks and uncertainties associated with manufacturing activities
therefore the Companys future results, performance or achievements could differ
materially from those expressed in these forward-looking statements.
All statements
included in this press release that address activities, events or developments that
the Company expects, believes or anticipates will or may occur in the future are
forward-looking statements.
These statements are based on assumptions made by the
Company based on its experience, perception of historical trends, current conditions,
expected future developments and other factors it believes are appropriate in the
circumstances.
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IBC Advanced Alloys Corp.
| 906-595 Howe St.
| Vancouver | BC | V6C 2T5 | Canada