VANCOUVER, BC - November 3, 2014 - IBC Advanced Alloys Corp. (TSX-V: IB; OTCQX: IAALF) reports that its Copper Alloys division is partnering with Baoshida Swissmetal Ltd. and Avins USA Inc. to manufacture a high performance alloy for use in multiple markets and applications. The initial business development focus will be targeted North American and European opportunities with revenues expected to exceed $10 million in the first three to five years of production.
"We are pleased that Baoshida Swissmetal and Avins have chosen us as their partner on this project and we have already begun preparation at our facilities for the first trial," said Douglas Veitch, Vice President of Business Development for IBC. "We are continuing to develop our manufacturing capabilities in new alloys, and working with a globally recognized and respected company like Baoshida Swissmetal will open the door for additional opportunities in the future."
Baoshida Swissmetal Ltd. (www.swissmetal.com), headquartered in Reconvilier, Switzerland, is an integrated manufacturer and distributor of high quality, specialty products made from copper and copper alloys serving the electronics, aerospace, military, oil and gas exploration, automotive, and consumer goods industries. The company has 250 employees in two production facilities in Reconvilier and Dornach Switzerland.
Mr. Jean-Pierre Tardent, the Chief Executive Officer, proudly announced the upcoming partnership with IBC Advanced Alloys and said, "Driven by requests from our technically demanding customers from around the world, Baoshida Swissmetal looks forward to the partnership with IBC Advanced Alloys which will expand our product offering in high performance alloys".
Avins USA, Inc. (www.avins.com) is a 60-year-old, family-owned company specializing in the engineering and design support, supply chain management, and distribution of globally sourced high quality metal and alloy products. Avins has four offices (New Jersey, Los Angeles, Chicago, and Guadalajara) and twelve warehouses located throughout North America with a comprehensive product line of specialty bars, rods, wires, tubing, strip, foils, forgings, castings, billets and custom-extruded profiles. Avins has been the exclusive North American distributor for Baoshida Swissmetal for over 40 years and is the ideal partner for this new alloy project.
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 80 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. 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" and the OTCQX under the symbol "IAALF."
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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.
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, limited availability of raw materials, 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 activities therefore the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. 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.