VANCOUVER, BC – International Beryllium Corporation (TSX-V:IB) (“IB” or the “Company”) is pleased to announce that Mr. Denis Brady has been appointed as a non-executive director of International Beryllium Corporation. Mr. Brady brings manufacturing operating experience to the board as the Company expands its production capacity and, as someone with recognized financial expertise, will chair the audit committee.
Until its recent acquisition by IB, Mr. Brady was the President, CEO and majority shareholder of Nonferrous Products, Inc., a profitable and growing Indiana based beryllium metalworking and specialty alloy processing company. Mr. Brady acquired Nonferrous in the early 1990s and delivered consistent annual revenue growth while also modernizing the plant and product offerings and expanding the market both in North America and overseas.
Mr. Brady is also the principal owner of an aerospace forge manufacturing complex Mattco Forge, Inc., located in Paramount, California. Mattco employs 55 people and serves the global aircraft engine market with aluminum, inconel and titanium rings and components. Its largest customers include Pratt & Whitney, Honeywell, Rolls Royce and General Electric.
“We are extremely happy to welcome Denis to the International Beryllium team at this exciting stage in our company’s growth”, stated Anthony Dutton, President and CEO of IB. “His deep understanding of the global beryllium business combined with his hands on experience at both Nonferrous and Mattco will be an invaluable asset to IB as we expand our operations and evaluate additional strategic opportunities for growth.”
“I am delighted to be joining the board of IB and look forward to providing assistance and guidance wherever I can,” said Mr. Brady. “International Beryllium’s core focus of vertical integration within the global beryllium and special alloys market is exactly the right strategy, and while I was under no obligation to sell Nonferrous, I am very excited to be joining this initiative, both as a director and shareholder.”
Prior to purchasing Nonferrous and Mattco in the 1990s, Mr. Brady was the CFO, and on the Board of Directors, of a NYSE-listed mining and manufacturing company. Earlier in his career, he was the Vice President and Treasurer of The Hertz Corporation and has held other senior banking and financial positions. He has an MBA from Columbia University and a BA from Fordham University.
International Beryllium Corporation is a global manufacturing, exploration and development company focused on beryllium, beryllium oxides and beryllium master alloys. Beryllium and related alloys are used in a broad range of specialized industrial applications such as nuclear power, defence, electronics and automotive. International Beryllium’s common shares are traded on the TSX-V under the symbol IB.
International Beryllium Corporation
Anthony Dutton, Chief Executive Officer
(604) 685-6263 ext 111
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.
To view all past news releases go here.