VANCOUVER, BC and WILMINGTON, MA – August 7th, 2014 – IBC Advanced Alloys Corp. (TSX-V: IB; OTCQX: IAALF) (“IBC” or the “Company”) has appointed Chris Huskamp as Executive Vice President Business and Technical Development with a focus on aerospace, automotive and special projects. In this new position, Mr. Huskamp will develop and implement business and product development strategies for both IBC’s Engineered Materials and Copper Alloys divisions.
Mr. Huskamp has been engaged by IBC since 2011 as a consultant providing a range of successful business and product development initiatives across the Company. He has been particularly focused on the competitive and technically demanding aerospace market where he has been instrumental in advancing IBC’s initiative with Lockheed Martin to provide proprietary Beralcast® components for the F-35 Lightning II program.
Mr. Huskamp has extensive experience with advanced materials for aerospace applications and was previously an Associate Technical Fellow at The Boeing Company working on aerospace materials development and implementation projects. He also has significant high performance automotive experience and is the principal of Huskamp Motorsports Engineering where he provides materials consulting services to Formula One®, IndyCar® and NASCAR® teams.
“We are very pleased to have Chris join IBC in this important and newly created Executive Vice President role,” said Anthony Dutton, President and CEO of IBC Advanced Alloys. “He has been integral to our aerospace business development initiatives, particularly with Lockheed Martin. We are excited by the considerable potential of IBC’s proprietary Beralcast® technology,” continued Dutton, “and look forward to benefiting from Chris’s technical expertise, business network and considerable enthusiasm as we develop new relationships in the aerospace and automotive sectors.”
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 Indiana, Massachusetts, Pennsylvania and Missouri. 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” and the OTCQX under the symbol “IAALF”.
|IBC Advanced Alloys Corp.
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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.
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, limited availability of raw materials, 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 activities therefore the Company’s future results, performance or achievements could differ materially from those expressed in these forward-looking statements. 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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