VANCOUVER, BC – April 1, 2010 – IBC Advanced Alloys Corp. (TSX.V:IB) (“IBC” or the “Company”) announces that it has been approved and pre-qualified to submit quotes for the Defense National Stockpile Center (the “DNSC”) sales program for vacuum cast beryllium. The Basic Ordering Agreement (the “BOA”) was executed between the United States of America and IBC’s wholly owned subsidiary, Freedom Alloys, Inc., based in Royersford, Pennsylvania and provides the Company with certain rights and privileges under the BOA sales program.
“We are very pleased to have been approved and qualified to order from the DNSC,” said Anthony Dutton, IBC’s President and CEO. “This will allow future ordering and beryllium procurement flexibility and more options to meet customer demands. For our main business, IBC is extremely fortunate to have an excellent long standing primary commercial supply arrangement that supports our main production facilities. However, as our North American and international business continues to grow,” said Dutton, “we are focused on strengthening our supply chain management systems and production processes and look forward to working with the DNSC for additional beryllium supply.”
The DNSC is headquartered in Fort Belvoir, Virginia and has the primary mission to plan, facilitate and acquire services and supplies necessary to support the storage and sale of its strategic and critical materials inventory located in depots throughout the United States. The DNSC is responsible for the storage and sale of a number of materials and commodities including tungsten, ferromanganese, cobalt, germanium, chromium and beryllium.
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 65 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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