VANCOUVER, BC - May 13, 2015 - IBC Advanced Alloys Corp. (TSX-V: IB; OTCQX: IAALF), a leading advanced alloys and precision castings company, is attending an invitational materials symposium hosted by Texas A&M University, in collaboration with Rice University. The event, being held June 23 - 24, 2015 at Texas A&M's College Station Campus, will bring together leading materials and engineering experts from national laboratories, academic institutions and major manufacturing companies including Ford, Raytheon, General Electric and NASA and others.
The workshop will focus on the advancements and potential applications of lightweight, advanced materials. It will also explore recent materials and process developments that offer new methods for precision manufacturing and enhanced product durability. IBC will have the opportunity to meet with key industry players to highlight the advantages of its Beralcast® alloys, which are ideally suited to many aerospace applications where lightweight, high modulus and cost are critical performance factors.
This symposium will also provide IBC with an excellent platform to advance its beryllium oxide fuel ("BeO") and nuclear fuel research with Purdue and Texas A&M University. The aim of the R&D is to develop a commercial fuel that enhances the efficiency and safety of existing nuclear fuels and to contribute to the development of improved accident tolerant fuel designs and their performance.
"We are pleased to attend this symposium which underscores the importance of advanced materials and technologies for a wide range of industries. IBC is committed to materials and process improvements and with our Beralcast® alloys and BeO enhanced fuel designs, IBC is at the forefront of advanced materials research and commercialization," said Anthony Dutton, President and CEO. "This event attracts world class companies that support manufacturing and materials innovation and IBC is proud to contribute to this important and ongoing dialogue."
IBC's sponsored R&D at Purdue University and Texas A&M University focuses on the structure and composition of BeO enhanced fuel to improve fuel performance including longer life, more stability, improved safety and better thermal conductivity. IBC is in discussions with a number of potential nuclear industry partners to explore and discuss the next phase of its BeO fuel R&D, including irradiation requirements and testing of the fuel in test reactors.
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.
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's 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 Company's 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.