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.
IBC Advanced Alloys Corp. announces its fiscal third quarter 2017 results. Company reported higher sales as compared to the quarter ended December 31, 2016, and booked the highest revenue in the past four quarters. It completed the installation of new production furnaces in both operating divisions, a key component of its year-long capital improvements program, and is now ramping up production to clear existing order backlogs and produce for new orders it is receiving. The Company also narrowed its per-share losses in the quarter on both a sequential and year-on-year basis.
New Solution Annealing Furnace Positions IBC to Expand Copper Alloy Product Sales in Existing and New Markets
IBC Advanced Alloys Corp. (TSX-V: IB; OTCQB: IAALF) (“IBC” or the “Company”) a leading beryllium and copper advanced alloys company, is pleased to announce that its Copper Alloys division has successfully completed and commissioned a new solution annealing furnace and quench tank. The unit’s operational start marks the completion of the major component of the Copper division’s capital improvement program and positions IBC to expand sales of copper alloy products in existing and new markets.
IBC Wins Bidding Process with Fortune 100 Electronics Manufacturer for an Expanded Number of Copper Alloy Products
Potential Value of Forecast Volumes over Next 12 Months is More Than USD $2 Million