VANCOUVER, BC — June 10, 2010 – IBC Advanced Alloys Corp. (TSX.V:IB) (“IBC” or the “Company”) is pleased to announce that it has appointed Kevin Raftery as a Special Advisor to the Company’s Beralcast® division. He is one of the co-inventors of Beralcast(r) technology and is named on US Patents 5,603,780 and 5,421,916. Mr. Raftery’s advisory services will focus on assisting the Company with its Beralcast(r) marketing and operating plan as well as helping to develop the longer-term business strategy for Beralcast®.
Mr. Raftery is currently the Director of Tactical Reconnaissance Systems for ISR (Intelligence, Surveillance and Reconnaissance) systems for a Fortune 500 company which is a leading global supplier of systems and services to the aerospace and defense industry. He has direct experience and understanding of Beralcast’s many aerospace, military and commercial applications and is a strong supporter of the advanced beryllium aluminum alloy’s potential.
“We are delighted to have the opportunity of Kevin’s support to our Beralcast® division and have the benefit of his longstanding and in-depth knowledge of this alloy, its technology and the market,” said Anthony Dutton, President and CEO of IBC Advanced Alloys. “Apart from Ray White, President of Beralcast®, Kevin is probably the most knowledgeable person we know concerning this alloy’s remarkable characteristics and its enormous potential, not only in the aerospace sector, but also in a wide range of commercial applications. IBC has already had very positive market feedback since our acquisition of the technology,” continued Dutton, “and we are looking forward to working with Kevin as we develop the market for the family of beryllium aluminum Beralcast® 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, defence, 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”.
For additional information please contact:
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.
To view all past news releases go here.