🕐30.05.11 - 16:27 Uhr
IBC NEWS RELEASE
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IBC Advanced Alloys
NEWS RELEASE
May 30, 2011
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Vertically Integrated from Exploration to Market
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IBC Advanced Alloys Appoints Retired U.S.
Marine Corps Major General David Heinz
to the Board of Directors
Appointment Strengthens Key Aerospace Market Expertise
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VANCOUVER, BC - May 30, 2011 - IBC Advanced Alloys Corp.
(TSX-V: IB) ("IBC" or the
"Company") is pleased to announce the appointment of Major General David Heinz as
an independent director of the Company effective May 25, 2011.
MajGen Heinz is a highly decorated retired senior U.S.
Marine Corps officer whose
most recent military assignment was as the Program Executive Officer (PEO) for the
F-35 Lightning II Program in Arlington, VA.
MajGen Heinz has served in the U.S.
military, in a variety of senior positions including systems avionics instructor
at the U.S.
Naval Test Pilot School, Regimental Air Officer to 1st Marine Regiment
in Camp Pendleton, Deputy Department Head for the Aviation Weapons Systems Requirements
Branch (APW) at Headquarters, Marine Corps and Deputy Director for Operations, National
Military Command Center, J-3, Joint Staff, Pentagon.
"I am very excited to be joining IBCs board and I look forward to providing assistance
and guidance where I can," said MajGen Heinz.
"IBC Advanced Alloys, especially their
Engineered Materials division, is primed to take advantage of strategic opportunities
within the specialty alloys market and I believe there is strong growth potential
for new applications within the aerospace and defense industries."
MajGen Heinz is currently the Vice President of Maritime Systems for iRobot based
in Durham, North Carolina.
iRobot serves the commercial, government and military
markets with leading edge robotic solutions.
The company also performs advanced
robotics research, funnelling the resulting technologies into iRobot product lines
that cover a variety of mission critical applications.
In 2010 iRobot generated
approximately $401.0 million in revenue and employed more than 600 of the robot
industrys top professionals, including mechanical, electrical and software engineers
and related support staff.
iRobot stock trades on the NASDAQ stock market under
the ticker symbol IRBT.
MajGen Heinz graduated from the U.S.
Naval Academy in 1978 with a Bachelor of Science
Degree in Systems Engineering.
He also has a Master of Science degree in Computer
Science with a subspecialty in Artificial Intelligence from the Florida Institute
of Technology and a Master of Arts degree in National Security and Strategic Studies
from the Naval Warfare College.
His decorations include the Defense Superior Service
Medal, Legion of Merit, Meritorious Service Medal with Gold Star, Air Medal with
bronze numeral 4, Navy Commendation Medal with three gold stars and the Navy Achievement
Medal.
He has flown over 3,000 flight hours in 22 T/M/S aircraft.
"We are delighted to welcome Major General Heinz to the IBC team", stated Anthony
Dutton, President and CEO of IBC.
"He brings a profound understanding of military
and defense operations, a strong network, and excellent leadership qualities to
the Company; all of which are invaluable to IBC as we expand our operations and
product distribution, specifically with our Engineered Materials division."
MajGen Heinz replaces Mr.
Lee Rice on the board of directors.
The Company thanks
Mr.
Rice for his service on the board.
Mr.
Rice will continue to work with the
Company on its mineral exploration plans.
The Company has granted 400,000 incentive stock options to MajGen Heinz.
The options
are exercisable at a price of $0.26 for a period of five years.
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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