IBC Advanced Alloys Corp.
TSX VENTURE :
IB
OTCQX : IAALF
December 03, 2013 09:00 ET
IBC Engineered Materials Working with Lockheed Martin to Qualify Beralcast® Alloys for F-35 Lightning II Applications
Collaborative work will expand
Beralcast® casting applications for F-35 Lightning II and other Lockheed
platforms while offering shorter lead times and competitive pricing
WILMINGTON, MASSACHUSETTS--(Marketwired - Dec. 3, 2013) - IBC Advanced Alloys Corp. (OTCQX:IAALF) (TSX VENTURE:IB) ("IBC" or the "Company") reports
that its wholly owned US subsidiary, IBC Engineered Materials Corp.
("IB-EMC") is in the final stages of a materials and production
qualification process with Lockheed Martin's F-35 Electro-optical
Targeting System (EOTS) team based in Orlando, Florida.
IB-EMC is working directly with Lockheed Martin's F-35 EOTS
engineering, design and quality teams to develop specific components to
demonstrate the technical and commercial viability of the Company's
proprietary Beralcast
® alloys as effective alternatives to
improve lead time and affordability of high performance aerospace
components made from beryllium aluminum alloys. As a part of the project
IB-EMC has completed several advanced prototype castings which are
being used to evaluate Beralcast
® alloys and castings for several critical structural and sub- system aerospace components.
The current first phase initiative is to conduct studies of Beralcast
® alloys
for use on specific optical components on Lockheed Martin's F-35
Lightning II aircraft. This collaboration with Lockheed Martin is also
allowing IBC to demonstrate its expertise and industry leadership in
offering rapid prototyping and advanced materials solutions to provide
investment cast parts to aerospace customers with short lead time and
competitive pricing requirements.
"IBC Engineered Materials is excited to be collaborating with
Lockheed Martin and believe we will demonstrate the viability of our
Beralcast
® alloys and cast components as mechanically
compliant and cost effective components for the F-35 Lightning II
program," said Ray White, President of IB-EMC. "We hope that IBC's
partnership and collaboration with Lockheed Martin will advance the
potential for our engineered materials products for other aerospace
industry initiatives where modulus, weight and cost are important design
criteria."
Beralcast
® alloys can be used in virtually any
high performance application requiring complex, lightweight and
high-stiffness parts and can be substituted for aluminum, magnesium,
titanium, metal matrix composites as well as pure beryllium or powder
metallurgy beryllium-aluminum. Beralcast's
® principal alloys
are more than three times stiffer than aluminum with 22% less weight and
can be precision-cast for simple and complex three-dimensional
stability. These high modulus alloys are ideal for high performance
industrial and high tech components as well as for a wide range of
aerospace applications.
AboutIBC 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".
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.
Recently, IBC signed a contract with Lockheed-Martin to supply the housing units for the EOTS system for the new, advanced, F-35 fighter jet program from it's proprietary "Beralcast" Alloys. 
