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IBC Advanced Alloys
NEWS RELEASE
Oct.
17, 2012
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IBC Advanced Alloys Signs Memorandum of Understanding with Inrad Optics Inc.
MOU To Expand High Performance Applications for Beralcast Alloys
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VANCOUVER, BC, October 17, 2012.
IBC Advanced Alloys Corp.(TSX-V: IB; OTCQX: IAALF)
("IBC" or the "Company")reports that it has signed a memorandum of understanding
("MOU") with Inrad Optics Inc.
(OTCQX:INRD) to evaluate the technical and commercial
viability of IBCs proprietary Beralcast® alloys
an effective enhancement to its high quality of custom high performance advanced
optic products.
Under the terms of the MOU, the parties have agreed to collaborate
on mutually beneficial projects and evaluate the viability and commercialization
of IBCs proprietary Beralcast® alloys
as a cost effective alternative substrate material for components of custom precision
optical systems.
This MOU builds on the successful results of an initial informal
test project already completed between the two companies and demonstrates a long
term commitment to materials optimization and manufacturing excellence.
Inrad Optics is a vertically-integrated photonics manufacturer offering crystal-based
optical components and devices, custom optical components from both glass and metal
and precision optical and opto-mechanical assemblies.
Its components and photonic
devices are used in a wide variety of defense, aerospace, laser, medical, process
control and metrology applications.
Inrad specializes in applying advanced manufacturing
systems to crystal, glass and metal substrates.
"IBC Advanced Alloys is pleased to sign this MOU with Inrad Optics which will demonstrate
the increased viability of our Beralcast® alloys and cast components
said Ray White, President of IBC Engineered Materials Corporation.
"IBCs partnership
and collaboration with Inrad Optics advances the potential for our engineered materials
products," continued White, "and demonstrates our continued commitment in identifying
and evaluating alternative uses for our Beralcast alloys."
Beralcast alloys can be used in virtually any high performance application requiring
complex, lightweight and high-stiffness parts and can be substituted for aluminum,
magnesium, titanium, metal matrix composites as well as pure beryllium or powder
metallurgy beryllium-aluminum.
Beralcast alloys are more than three times stiffer
than aluminum with 22% less weight and can be precision-cast for simple and complex
three-dimensional stability.
These high modulus alloys are ideal for high performance
industrial and high tech components as well as for a wide range of aerospace applications.
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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.
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 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
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, limited availability of raw materials, 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 | V6R 2H6 | Canada