Wilmington, MA, and Vancouver, BC, August 26, 2015 - IBC Advanced Alloys Corp. (OTCQX: IAALF and TSX-V: IB) ("IBC" or the "Company"), is pleased to announce that it has appointed Mr. Chris Huskamp as acting President of its subsidiary IBC Engineered Materials Corp. ("EMC"). Mr. Huskamp is an advanced automotive and aerospace materials expert and has been with the Company since 2011, initially as a consultant, and since 2014, as Vice President of Business and Technical Development.
"I am very excited by the aerospace, automotive and wider market opportunities for IBC and our Beralcast® alloys," said Chris Huskamp, "and look forward to working closely with our growing customer base to realize the potential of these important alloys. Design engineers are increasingly focused on weight savings while cost effectively maintaining strong materials performance," continued Huskamp. "IBC's Beralcast® alloys offer a wide range of excellent benefits and represent an exciting growth opportunity."
Prior to joining IBC, Chris was an Associate Technical Fellow at The Boeing Company in St. Louis where he developed high performance materials solutions for military and commercial aerospace projects. At IBC he has focused on aerospace applications for Beralcast®, the Company's proprietary beryllium aluminum casting alloys, and has been a key member of IBC's team providing Lockheed Martin with Beralcast® components for the F-35 Lightning II program.
"Chris has proven himself an indispensable asset to IBC and its customers and we are excited to be working with him in this new role," said Anthony Dutton, President and CEO of IBC Advanced Alloys. "His experience, enthusiasm and leadership skills will be invaluable for the growth of EMC and Beralcast®."
Mr. Huskamp is replacing Mr. Ray White who has resigned as President of EMC. "Ray White was critical in establishing IBC as a leading supplier of beryllium aluminum cast components," said Anthony Dutton. "I want to thank Ray for his role in founding, developing and positioning EMC for growth."
With his compensation, Mr. Huskamp will be awarded an additional options package with standard vesting provisions. The options, priced at C$0.12, are being awarded as part of an aggregate award of 1,200,000 options to include other consultants, directors and officers.
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. IBC's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQX under the symbol "IAALF."
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.