WILMINGTON, MASSACHUSETTS–(Marketwire -03/20/12)- IBC Advanced Alloys Corp. (TSX-V: IB.V – News)(OTCQX: IAALF.PK – News) (“IBC” or the “Company”) reports that its proprietary Beralcast® ultra-lightweight aluminum-beryllium advanced castings are being supplied for the European Space Agency’s (“ESA”) Automated Transfer Vehicle (“ATV”). ESA’s third ATV, a transport vehicle for supplies and propellant, is scheduled for launch on March 23, 2012 and is expected to dock with the International Space Station five days later.
IBC’s Engineered Materials division is the world’s only producer of precision aluminum beryllium investment castings known as Beralcast® alloys. The Beralcast® range of alloys and composites has a consistently high stiffness to weight ratio which allows aerospace, automotive and high tech engineers greater design flexibility and more options for significant performance gains. The Beralcast® family of alloys are ideally suited to commercial, electronic and military aerospace applications requiring complex, lightweight high modulus parts.
ACAL BFI France is supplying IBC’s Beralcast® parts to Astrium (a division of EADS) for the manufacturing of the ATV space transport vehicle, specifically brackets made with Beralcast® 363 being used to hold the thrusters in the front attitude control system of the ATV. Marie-Joelle Poret of ACAL BFI France said, “We would like to thank IBC for its support and for providing all remaining high quality bracket castings for this key program.”
Ray White, President of IBC Engineered Materials, reports that, “The brackets are thruster mounts for the front attitude control system, and are perfect examples of where Beralcast® 363 excels. Competitive aluminum-beryllium materials made from powdered metal would be extremely expensive with long manufacturing lead times. Beralcast® was cast to the precise shape required, which saves time and money.”
Anthony Dutton, President and CEO of IBC said, “We are proud that Beralcast® products are being utilized for such an innovative aerospace application. IBC’s Engineered Materials team provided a top quality product, which can also be adapted for many other market sectors including aerospace, defence, automotive and electronics.” Dutton continued, “Our Company’s ESA work complements our ongoing Unmanned Airborne Vehicle (UAV) project for the US Military and we are looking forward to continuing our work with both of these organizations to develop new high performance aerospace applications using the Beralcast® family of alloys.”
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 7,640 hectares. 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”.
IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
This news release was prepared by management of IBC, which takes full responsibility for its contents.
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 manufacturingactivities 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.
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