IBC Engineered Materials Receives Two Orders
from Asian Firms
Wilmington, MA, September 21, 2015. IBC Advanced Alloys Corp. (OTCQX: IAALF and TSX-V: IB) ("IBC" or the "Company") a leading advanced alloys and precision castings company, reports that its Engineered Materials division has
received two new orders totaling more than US$1.2 million from an
existing Asian precision manufacturing customer. Deliveries of the
finished cast components are expected to begin in the first quarter of
fiscal 2016 and IBC is confident of additional business.
Engineered Materials President Chris Huskamp said, "IBC's business development
initiatives focus on expanding our high performance castings product
line while improving margins and operating efficiencies. We have
identified a wide range of new opportunities and are engaged with
several groups. While IBC is currently focusing on the aerospace sector
for its Beralcast®
alloys," continued Huskamp, "high performance manufacturing is a
growing opportunity for IBC. Robotics, precision manufacturing and
automated assembly rely on highly sophisticated materials and IBC sees
many opportunities for Beralcast® where precision, light weight and high modulus are essential operating requirements."
IBC
is expanding its business development initiatives to meet the growing
global demand for specialty high performance and high modulus cast alloy
products. Asian markets are increasingly important and IBC will
continue to leverage its expertise in these dynamic economies. IBC's
customer has contracted for specialized high performance castings to
improve the efficiency and effectiveness of their manufactured product
where tight operating tolerances and vibration dampening characteristic
are critical performance measures. The customer identity has not been
disclosed for competitive reasons.
"IBC
is building a strong reputation as a materials solutions provider and
continues to build momentum with both our Copper Alloys division and our
high modulus lightweight Beralcast®
alloys," said Anthony Dutton, President and CEO of IBC Advanced Alloys.
"We are committed to supporting our customers, their commitment to
manufacturing excellence and their need for advanced materials that
exceed critical performance targets."
Beralcast® alloys are ideally suited to many aerospace applications where
lightweight, high modulus and cost are critical performance factors. The
principal Beralcast® alloys are three times stiffer than
aluminum with 22% less weight and can be substituted for aluminum,
magnesium, titanium, metal matrix composites as well as pure beryllium
or powder metallurgy beryllium-aluminum.
Source: IBC Advanced Alloys
