VANCOUVER, BC – April 29, 2010 – IBC Advanced Alloys Corp. (TSX.V:IB) (“IBC” or the “Company”) has appointed Ray White as President of its Beralcast® division. Mr. White will manage and develop all aspects of the Beralcast® division’s operations. He is one of the co-inventors of the Beralcast® technology and is named on US Patent 5,417,778. Mr. White has direct experience and understanding of its many aerospace, military and commercial applications and previously worked as the vice president of operations of the predecessor company manufacturing Beralcast®.
Immediately prior to joining IBC, Mr. White was a Division Manager with the Integrated Optical Systems Division of L-3 Communications Corporation (“L-3”) (NYSE:LLL), the sixth largest defense company in the United States. L-3 Communications is a prime contractor in strategic government services, aircraft modernization and maintenance and has a broad base of electronic systems. L-3 is also a major provider of homeland defense products and services for a variety of markets. At L-3 Mr. White was primarily responsible for the management of L-3’s Integrated Optical Systems Ceramics Division providing silicon carbide optical systems for both land- and space-based systems.
IBC’s Beralcast® division manufactures the Beralcast® family of metal matrices that can be used in commercial and military applications requiring complex, lightweight, or high-stiffness parts. Beralcast® is a higher performance or lower cost replacement for cast aluminum, magnesium, titanium, metal matrix composites, non-metallic composites, and pure beryllium or powder metallurgy beryllium-aluminum. High performance Beralcast® matrices are more than three times stiffer than aluminum with 22% less weight and can be precision-cast to simple and complex configurations. This material is very lightweight with a high modulus of elasticity and can be precision cast for three-dimensional stability. IBC owns the intellectual property relating to this technology, which no one, to the best of IBC’s knowledge and inquiry, has been able to duplicate commercially.
“I am very pleased that IBC has acquired the rights to manufacture Beralcast® and has allocated funds to invest in this product and its manufacturing facilities. Having worked to develop the original Beralcast® technology I am committed to helping unlock the huge promise of this product,” said Ray White. “With an increasing emphasis on saving weight in mission-critical components and an industry-wide focus on materials performance” continued White, “I believe there is significant unrealized potential in the defence and commercial sectors for castable beryllium-aluminum matrices.”
“We are delighted that Ray White will be joining IBC to manage our Beralcast® operations,” said Anthony Dutton, President and CEO of IBC. “Ray’s deep knowledge of the product and his long experience in advanced materials for the defence sector will be important assets as IBC expands its markets and product lines.”
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”.
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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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