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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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IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
The Howard Group Inc.
Dave Burwell / Brad Dryer
Toll Free: 1-888-221-0915
(403) 221- 0915
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.
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