IBC and NioCorp announce success in manufacturing aluminum-scandium alloy ingots. The ingots, representing a range of scandium content, will now undergo chemical analysis and other metallurgical testing to confirm the microstructure and performance of the alloys. This testing is the basis for commercializing Aluminum-Scandium alloys.
Sales increased 36% in the quarter as compared to the quarter ended September 30, 2016, with Engineering Materials division sales expanding by 142%. Both operating divisions swung to positive gross margins from negative gross margins in the year-ago period.
A rapidly growing segment of IBC’s business is the production of precision cast beryllium-aluminum components used by the semiconductor equipment manufacturing industry to produce parts of IPhones and other consumer electronics.
One technology innovation that sets IBC apart from the rest is its ability to precision cast ultra-stiff and ultra-lightweight parts made from beryllium and aluminum in a highly innovative material called Beralcast®.
IBC produces a beryllium-aluminum cast component for use in Raytheon’s Advanced Targeting Forward Looking Infrared (ATFLIR) system, currently in use on U.S. Navy F/A-18 fighter jets.
IBC produces a crucial advanced beryllium-aluminum alloy component for the F-35 Lightning II, under a contract with Lockheed Martin, which is part of the plane’s highly advanced Electro-Optical Targeting System (EOTS). Made with IBC’s high performance Beralcast® beryllium-aluminum precision cast alloy, this IBC part is now flying on the F-35.