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Re: News Release - Monday, February 09, 2009
International Beryllium Update for its Beryllium Oxide Nuclear
Fuel Research Project with Purdue University
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VANCOUVER, BC. -- February 9, 2009 - International Beryllium
Corporation (TSX-V:IB) ("IBC" or the "Company") is pleased to provide
an update on its collaborative research with Purdue University to
develop a new type of longer lasting, more efficient and safer
beryllium oxide nuclear fuel. The objective of the research is to
develop for commercial use an enhanced uranium oxide beryllium oxide
nuclear fuel for both current and future nuclear power reactors.
To promote its research work, the Company and Texas A&M University,
working jointly with Purdue's School of Nuclear Engineering, recently
attended a Light Water Reactor Sustainability ("LWRS") workshop in
Atlanta, Georgia. Representatives were present from the national labs
in Argonne, Idaho, Oak Ridge, Sandia and several educational institutes
including MIT, Texas A&M and the University of Florida. Also attending
were major energy utilities including Duke Power and TVA as well as the
leading fuel manufacturers, Westinghouse and AREVA
The purpose of the LWRS workshop was to draw individuals from across
the nuclear spectrum together to present potential solutions for
extending the service life of existing nuclear reactors. The
conference focused specifically on how next-generation or modified
nuclear fuels could contribute to a solution.
Dr. Sean McDeavitt of Texas A&M University presented information on
uranium oxide - beryllium oxide (UO2 -- BeO) dual oxide fuels to the
attendees. The positives of the dual oxide fuel are that the BeO has a
high probability of increasing the conductivity of the fuel by
approximately 25%. The fuel is also being designed to power both
current and next generation reactors and will be suitable for existing
fuel cladding technology.
"We are very pleased with the progress of this joint research
initiative" stated Ken Shasteen, IBC's Technical Director and
coordinator of IBC's joint nuclear fuels research project. "Presenting
at the LWRS was valuable, as all significant groups representing the
nuclear power industry were in attendance and validated the premise
that multi-oxide and BeO fuels will be the foundation of a more
efficient, economically sound and safer nuclear power industry. We
look forward to discussing our technology with the attending groups,"
continued Shasteen, "as we work to develop a commercial UO2 - BeO
nuclear fuel for the benefit of our shareholders, power consumers and
the nuclear power industry."
Existing work by Purdue nuclear engineers has shown that an advanced
UO2 - BeO nuclear fuel could potentially save billions of dollars
annually by lasting longer and burning more efficiently than
conventional nuclear fuels while at the same time increasing demand for
beryllium and beryllium oxide. In addition to the cost savings, an
advanced UO2 - BeO nuclear fuel could also contribute significantly to
the operational safety of both current and future nuclear reactors due
to its superior thermal conductivity and associated decrease in risks
of overheating or meltdown.
About International Beryllium Corporation
International Beryllium Corporation is a global exploration and
development company focused on beryllium, beryllium oxides and
beryllium master alloys. Beryllium and related alloys are used in a
broad range of specialized industrial applications such as nuclear
power, oil and gas, defense, electronics and automotive. International
Beryllium's common shares are traded on the TSX Venture Exchange under
the symbol IB.
For additional information please contact:
International Beryllium Corporation
Anthony Dutton, CEO
(604) 685-6263 ext 111
Email: adutton@internationalberyllium.com
Website: www.internationalberyllium.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.
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Copyright (c) 2009 INTERNATIONAL BERYLLIUM CORPORATION (IB) All rights
reserved. For more information visit our website at
http://www.internationalberyllium.com/ or send
mailto:ba@primarycapital.net
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IBC Advanced Alloys Corp
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CODE : IB.V |
ISIN : CA44923T6034 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
IBC Advanced Alloys is a development stage company based in Canada. IBC Advanced Alloys is listed in Canada. Its market capitalisation is CA$ 2.4 millions as of today (US$ 1.8 millions, € 1.7 millions). Its stock quote reached its highest recent level on May 27, 2011 at CA$ 1.98, and its lowest recent point on April 22, 2016 at CA$ 0.04. IBC Advanced Alloys has 30 350 000 shares outstanding. |