VANCOUVER, BC — September 11, 2009 — IBC Advanced Alloys Corp. (TSX-V: IB) (“IBC” or the “Company”) is pleased to announce it will be presenting at the 9th IEA International Workshop on Beryllium Technology for nuclear applications being held in Almaty, Kazakhstan on the 15th to 17th of September.
The conference, sponsored by Kazatomprom, the national atomic energy company of Kazakhstan, is to present research and technology developments concerning beryllium utilization in both fission and fusion nuclear power systems. IBC will be joining delegates, scientists and nuclear engineers from Kazatomprom, Brush Wellman, the Japanese Atomic Energy Agency, Axsys Technologies, the Idaho Falls National Laboratory and others.
Dr. Alvin Solomon, Professor Emeritus at Purdue University’s School Nuclear Engineering, and head of IBC’s Nuclear Fuels Advisor Board, will be giving a presentation entitled the “Development and Characterization of UO2 BeO Fuel Pellets”. This research serves as the foundation for the collaborative research project currently underway between IBC, Purdue and Texas A&M Universities.
IBC signed a collaborative research agreement with Purdue in August 2008 to focus on developing a new type of beryllium oxide enhanced nuclear fuel that has higher thermal conductivity and is therefore potentially longer lasting, more efficient and safer than current nuclear fuels. The objective of the research is to commercially develop a beryllium enhanced nuclear fuel for optimal use in both current and future nuclear reactors.
“We are very pleased to be participating in such an important event being hosted by Kazatomprom, acknowledged leaders in the nuclear sector,” said Anthony Dutton, President and CEO of IBC. “We share their commitment to exploring and commercializing beryllium technologies for nuclear applications and look forward to exchanging ideas with our Kazakh and international colleagues as we advance our own research initiatives.”
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”.
For additional information please contact:
IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
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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