IBC Advanced Alloys has launched commercial production of beryllium-aluminum alloy castings for a major global manufacturer of commercial satellite systems after successfully completing First Article Qualification with the customer.
IBC Advanced Alloys (TSX-V: IB; OTCQB: IAALF) has been awarded a new purchase order from Kaman Corporation (NYSE:KAMN) to supply critical imaging system components for US naval and foreign military tactical aircraft.
IBC Advanced Alloys has been awarded a contract from a major global manufacturer of commercial satellite systems for a First Article Qualification of Beralcast® 363 beryllium-aluminum alloy cast components and subsequent serial production units for satellites.
IBC expects that it will begin production and sales of several new products in 2018/2019, including one that is expected to launch in commercial sales in the next quarter.
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