VANCOUVER, BC – June 4, 2010 – IBC Advanced Alloys Corp. (TSX-V: IB) (“IBC” or the “Company”), an integrated manufacturer and distributor of advanced nonferrous alloys and beryllium related products and alloys, announced today that is has negotiated a sales and distribution agreement with Albromet Handelsgesellschaft mbH, a leading German distributor of high quality copper, aluminum bronze and other advanced alloys, for the distribution of IBC products and alloys in Germany.
Albromet is one of Europe’s primary distributors of specialized alloys for the plastic injection moulding, automotive, industrial components and other advanced manufacturing sectors. They have an extensive blue chip customer base in Germany which includes Bosch, Audi, Valeo, Thyssen Krupp and VW. They are also in the process of expanding their market presence in Eastern Europe with a specific focus on the industrial and manufacturing economies of Poland and the Czech Republic.
Under the terms of the agreement both companies have agreed to annual target volumes and to maintain minimum inventory levels at Albromet’s German warehouse in order to take advantage of the expanding European market for advanced nonferrous and other alloys. The companies will also jointly participate at Euromold, the world-wide leading trade fair for mould making and tooling, design and application development to be held in Frankfurt in December.
“IBC’s stronger manufacturing platform and greater range of products and alloys provides us with significantly increased sales opportunities in Europe,” said Anthony Dutton, President and CEO of IBC Advanced Alloys. “This initial order and distribution agreement has the potential for significant development and will provide both companies with an excellent opportunity to build European market share and to drive demand for IBC’s rare metal and beryllium related 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 Pennsylvania, Indiana, Massachusetts and Missouri. Additionally, IBC owns prospective beryllium properties in the Western US and Brazil covering approximately 9,500 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”. See IBC on Facebook.
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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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Legal Notice Regarding Forward Looking Statements
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, 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 manufacturing operations and mineral exploration, therefore the Company’s future results, performance or achievements could differ materially from those expressed in these forward-looking statements will transpire. 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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