🕐12.09.11 - 15:27 Uhr
IBC ADVANCED ALLOYS CORP. NEWS RELEASE
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IBC Advanced Alloys
NEWS RELEASE
September 12, 2011
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Vertically Integrated from Exploration to Market
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IBC Vice President of Nuclear Fuels Jim Malone Appointed Chairman of
World Nuclear Association Fuels Working Group
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VANCOUVER, BC - September 12th, 2011 - IBC Advanced Alloys Corp.
(TSX-V: IB; OTCQX: IAALF) ("IBC" or the "Company") announces that Jim Malone, IBCs
Vice President of Nuclear Fuels, has been appointed as Chairman of the World Nuclear
Associations (www.world-nuclear.org
) recently initiated Fuel Technology Working Group.
The working groups objective
is to explore evolutionary fuel technologies with a view to developing, supporting
and commercializing alternative fuel-types for the nuclear industry.
The Fuel Technology Working Group is specifically focused on investigating and assessing
the viability of commercializing a number of fuel-type variants, including high
thermal conductivity beryllium oxide fuel such as being developed by IBC with Purdue
and Texas A&M universities.
The first meeting of the Fuel Technology Working Group
will take place on September 12, 2011 in London, England at the Annual World Nuclear
Association Symposium.
Mr.
Malones appointment reaffirms his position as an acknowledged nuclear industry
leader and nuclear fuel expert with more than 40 years of senior experience in the
downstream business.
Most recently he was Vice President, Nuclear Fuels at Exelon
Corp., where he was responsible for their nuclear fuel cycle activities, including
fuel procurement, safeguards, economics, and fuel cycle costs.
Mr.
Malone is also
Chairman of the Board of Hathor Exploration Ltd.
(TSX-V: HAT), a junior uranium
exploration and development company.
"IBC commends Jim for this prestigious appointment with the World Nuclear Association,"
said Anthony Dutton, President and CEO of IBC Advanced Alloys.
"Jims role as Vice
President of Nuclear Fuels for IBC has led to significant developments of our Companys
beryllium oxide nuclear fuel development program, and we believe his role with the
Fuel Technology Working Group will foster a greater understanding of alternative
fuel technologies, and potential cost efficiencies and safety improvements for
the existing industry."
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" and on the
OTCQX under the symbol "IAALF".
IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
Email:
Website: www.ibcadvancedalloys.com
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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.
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IBC Advanced Alloys Corp.
| 906-595 Howe St.
| Vancouver | BC | V6R 2H6 | Canada