VANCOUVER, BC – September 8th, 2009 – IBC Advanced Alloys Corp. (TSX-V: IB) (“IBC” or the Company) is pleased to announce that, through its wholly owned subsidiary Freedom Alloys USA Inc., it has been accepted as an associate member of the Aerospace Industries Association (“AIA”).
IBC is focused on expanding business opportunities for its advanced beryllium based alloys in the growing aerospace sector where beryllium’s properties of high strength, light weight, stiffness and high thermal conductivity are increasingly important. In many aerospace applications there are no economic or performance proven substitutes for beryllium and IBC is committed to working with end users as a solutions-based materials provider to grow its market.
The AIA is the premier trade association representing all major aerospace and defense manufacturers in the United States. The AIA has more than 100 members operating in commercial aviation and avionics, manned and unmanned defense systems as well as in the space technologies and satellite communications sectors. In addition, the association has approximately 175 associate member companies all of which are leading aerospace and defense suppliers.
IBC’s first official function as a new associate member was to attend the recent AIA Northwest Regional Meeting in Seattle hosted by The Boeing Company. At this meeting IBC had the opportunity to meet a wide range of senior engineering, design and procurement specialists from a variety of leading aerospace contractors to discuss material performance issues important in the aerospace sector.
“We are very pleased to have been accepted as an associate member of the AIA,” said Anthony Dutton, President and CEO of IBC. “We are focused on growing our aerospace business and in spite of a difficult economy have made significant strides in developing new alloys and acquiring some important accounts in 2009. AIA membership is a privilege,” continued Dutton, “and we are honored to be a part of such a respected industry association and look forward to their guidance and support as we develop our aerospace related business.”
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 61 employees and is headquartered in Vancouver, Canada with production facilities in Pennsylvania, Indiana 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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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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