VANCOUVER, BC — April 28th, 2009 — IBC Advanced Alloys Corp. (TSX-V: IB) (“IBC”) is pleased to announce that its Freedom Alloys division (“Freedom”) has signed, a long-term contract to supply a well-known global copper and industrial metals company. IBC will exclusively supply the customer with an advanced copper alloy for specific use in a variety of aerospace, electronic and automotive applications.
Freedom is nearing completion of an expansion project that will significantly increase the production volume of advanced copper alloys. Freedom has spent considerable effort in the development of a superior product for this market and the Company’s expansion project combines a superior product with high volume production capability to address both current needs and long-term demand.
“We are very pleased to be significantly building on our existing relationship with this customer,” stated Mike Fisher, president of Freedom. “We have worked very hard with our customer’s technical team to ensure that our advanced alloy products are the new benchmark for use in commercial airliners and military aircraft. We look forward,” continued Fisher, “to continuing to work with them and helping in whatever way we can.”
About IBC Advanced Alloys Corp.
IBC Advanced Alloys Corp. is an integrated manufacturer and distributor of beryllium based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 65 employees and is headquartered in Vancouver, Canada with production facilities in Pennsylvania and Indiana. Additionally, IBC owns prospective beryllium properties in Brazil and the Western US 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:
IBC Advanced Alloys Corp
Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
Email: [email protected]
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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