🕐29.06.11 - 15:27 Uhr
IBC NEWS RELEASE
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IBC Advanced Alloys
NEWS RELEASE
June 29, 2011
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Vertically Integrated from Exploration to Market
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IBC Advanced Alloys and Ulba Sign
Memorandum of Understanding
Advancing Strategic Partnership to Enhance Successful Beryllium Alloys Business
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VANCOUVER, BC - June 29, 2011 - IBC Advanced Alloys Corp.
(TSX-V: IB) ("IBC" or the "Company") and Ulba Metallurgical Plant JSC ("Ulba") have
signed a strategic memorandum of understanding ("MOU") to further advance and strengthen
their relationship and to continue to target emerging opportunities in the global
beryllium and rare metals market
The MOU was signed after meetings in May 2011 in Ust-Kamenogorsk, Kazakhstan with
Ulba, one of the largest and most important beryllium processing and rare metal
manufacturing facilities in the world, and a wholly owned subsidiary of Kazatomprom,
the National Atomic Company of Kazakhstan.
Under the terms of the MOU, Ulba and IBC intend to renew and extend their multi-year
binding supply agreements for both beryllium metal and beryllium master alloys.
These agreements will provide IBC with a consistent and reliable supply to meet
increasing customer demand and to grow IBCs alloys business
Ulba and IBC also agreed to examine technological and business development initiatives
that will enhance and strengthen their respective beryllium and beryllium alloys
business.
"We are very pleased to have signed this very important MOU," said Anthony Dutton,
President and CEO of IBC, "and look forward to expanding our excellent relationship
with Ulba.
The 2010 acquisition of Beralcast, now called Engineered Materials Division
has positioned IBC as a global leader in the beryllium aluminum castings market
and, together with our beryllium copper alloys business, has dramatically increased
IBCs product range and market depth.
Our strong relationship with Ulba," continued
Dutton, "is a cornerstone of our growth and we are excited by the long term potential
of our relationship and our mutual rare metals business."
In addition, Ulba and IBC have agreed to identify and explore new business opportunities
with complementary rare metals, such as tantalum, niobium and others.
The parties
agreed to study and to potentially develop mutually beneficial opportunities in
resource exploration, development and production as well as downstream manufacturing
and distribution.
This understanding recognizes Ulbas strengths as one of the worlds
leading rare metal producers and compliments IBCs upstream exploration and development
expertise as well as its strong manufacturing and distribution platform.
This MOU further solidifies Ulba and IBCs commitment to strengthen their long-term
relationship and to develop new opportunities for beryllium and complementary rare
metal alloys as well as other mutually beneficial strategic technological and business
opportunities.
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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.
Legal Notice Regarding Forward Looking Statements
This disclosure contains certain forward-looking statements that involve 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, changes in laws and regulations and changes in how they are interpreted
and enforced, and the likelihood in obtaining required approvals of regulatory authorities.
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 and other factors it believes are appropriate
in the circumstances.
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IBC Advanced Alloys Corp.
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