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Showing posts with label Lockheed Martin. Show all posts
Showing posts with label Lockheed Martin. Show all posts

Monday, September 21, 2015

IBC Engineered Materials signs two more contracts after deal signed with Lockheed

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.

Tuesday, September 1, 2015

Lockheed Martin orders more Beralcast(R) Castings for F-35 Lightning II from supplier, IBC Advanced Alloys


IBC Advanced Alloys Corp. (OTCQX: IAALF) (TSX VENTURE: IB) ("IBC" or the "Company") announces that Lockheed Martin has issued IBC a second contract to produce components for the F-35 Lightning II Electro-Optical Targeting System (EOTS).

This purchase order extends production of a component contract announced in September 2014, an EOTS azimuth gimbal housing manufactured using Beralcast(R), the Company's proprietary and high performance beryllium-aluminum casting alloy.

On July 13, 2015 IBC announced successful delivery of first article components for low rate initial production (LRIP) lots 7 and 8. This follow on purchase order is for subsequent LRIP years and will cover new planes and related spares and has a minimum contract value of more than $2 million. The EOTS, produced by Lockheed Martin, is integrated on all F-35 variants; planned production quantities are estimated to be over 3,000 aircraft with deliveries through 2035.

The quantity of components specified under this purchase order is approximately double that for LRIP lots 7 and 8 reflecting accelerated production of the F-35 Lightning II. First deliveries are scheduled for September 2015 when IBC will deliver near-net-shape castings directly to Lockheed Martin which will then separately contract for finishing and final machining. Lockheed Martin has agreed to a long lead time procurement provision for key materials to ensure continued production. 

"We are delighted to receive another purchase order for the EOTS azimuth gimbal housing on the F-35 Lightning II," said Anthony Dutton, CEO and President of IBC Advanced Alloys. "This continues our substantial progress with Lockheed Martin since our initial purchase order was announced in 2014. To date, Beralcast(R) proprietary beryllium-aluminum casting alloys have had validation from Lockheed Martin, and two other major aerospace companies," continued Dutton, "and we look forward to continuing to work with the aerospace industry to provide Beralcast(R) solutions for complex aerospace applications where modulus and weight are key performance drivers."

The F-35 Lightning II, a 5th generation fighter, combines advanced low observable stealth technology with fighter speed and agility, fully fused sensor information, network-enabled operations and advanced sustainment. Three distinct variants of the F-35 will replace the A-10 and F-16 for the U.S. Air Force, the F/A-18 for the U.S. Navy, the F/A-18 and AV-8B Harrier for the U.S. Marine Corps, and a variety of fighters for at least 10 other countries.

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".
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.
Contacts:
IBC Advanced Alloys Corp.
Ian Tootill
Director of Corporate Communications
+1 (604) 685-6263 ext 110
itootill@ibcadvancedalloys.com
www.ibcadvancedalloys.com

Vorticom Public Relations
Nancy Tamosaitis
(212) 532-2208
nancyt@vorticom.com


SOURCE: IBC Advanced Alloys Corp.

Monday, July 13, 2015

IBC Advanced Alloys Delivers First Articles EOTS Components for the Lockheed Martin F-35 Lightning II



July 13, 2015

WILMINGTON, MA and VANCOUVER, - IBC Advanced Alloys Corp. (OTCQX: IAALF and TSX-V: IB;) ("IBC" or the "Company"), a leading advanced alloys and precision castings company, has successfully delivered its first completed Beralcast® azimuth gimbal housing components to Lockheed Martin. The articles will be used in the Lockheed Martin F-35 Lightning II Electro Optical Targeting System (EOTS).

Lockheed Martin's EOTS provides affordable, high-performance multi-function targeting to the F-35's full spectrum of military operations. It is the first sensor to combine forward-looking infrared and infrared search and track functionality to provide F-35 pilots with situational awareness and air-to-air and air-to-surface targeting from a safe distance. The technology enables aircrews to identify areas of interest, perform reconnaissance and precisely deliver laser- and GPS-guided weapons.
Ray White, President of IBC Engineered Materials Corp. said, "Successful first article delivery of Beralcast® components to Lockheed Martin raises the bar for high performance aerospace applications delivered with cost and lead time savings. This is an important milestone for both IBC and the aerospace industry," continued White, "and we look forward to continuing to support Lockheed Martin and aerospace with IBC's Beralcast® cast alloys."


The first contract for Beralcast® azimuth gimbal housing components for OEM aircraft fitted with EOTS systems and spares for low-rate initial production (LRIP) Lots 7 and 8 was announced September 8, 2014. 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.

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."
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.
SOURCE IBC Advanced Alloys Corp.

Image : "Azimuth gimbal housing seen in bottom center of Lockheed Martin F-35 Lightning II Electro Optical Targeting System (EOTS). Photo courtesy of Lockheed Martin Corporation. Copyright 2015. (IBC Advanced Alloys Corp.)".



For further information: IBC Advanced Alloys Corp., Ian Tootill, Director of Corporate Communications, (604) 685-6263 ext. 110, Email: itootill@ibcadvancedalloys.com, Website: www.ibcadvancedalloys.com; Vorticom Public Relations, Nancy Tamosaitis, (212) 532-2208, nancyt@vorticom.com

For the latest from IBC Click Here--> IBC Advanced Alloys Presentation

Sunday, March 1, 2015

IBC Advanced Alloys Corp - Canadian with U.S. Roots

2015 Top Picks -  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


IBC has four U.S. based production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. 


In March 2014,  IBC's Advanced "BEO" Nuclear Fuel exceeded critical performance factors in tests.

This advanced product, manufactured using IBC's proprietary Beryllium materials, is designed to reduce costs and increase safety of advanced nuclear fuels in the rebirth of that industry.
(see illustration on left)

The Nuclear industry predicts $1.2 Trillion worth of new plants will be constructed or started by 2030 with Asia leading the expansion of Nuclear power in the 21st century.











In Sept 2014, IBC was awarded a contract by the LockheedMartin Corp to produce the housing components for it's F35 fighter jets "EOTS" systems utilizing it's proprietary "Beralcast" advanced material, with the promise of more to come.
(see illustration at right)

The F-35 is the most advanced fighter jet ever built and for Lockheed to include this tiny manufacturer of specialty materials as one of it's suppliers ensures that IBC should punch above it's weight for years to come.


During the same month,  IBC successfully delivered several unmanned aerial system (UAS) ® technology to the U.S. Department of Defense.
demonstration articles manufactured using IBC’s proprietary Beralcast castings.



In November 2014,  IBC Partnered with two European firms to Develop and Distribute a New High Performance Alloy




Although it is still a microcap company trading on the venture exchange mostly in Canada, 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."

All indications are that IBC will be profitable in 2015 and we expect a significant turnaround in IBC's stock price.  We have been loading up on IBC Shares with that expectation.

We see it as an investment in the future.



Tuesday, February 18, 2014

IBC Advanced Alloys inks first contract with Lockheed Martin to supply Beralcast Alloys for the F-35 Fighter project

IBC Advanced Alloys Corp.IBC Advanced Alloys Corp.

TSX VENTURE : IB
OTCQX : IAALF




February 18, 2014 09:00 ET

IBC Engineered Materials Awarded Hard Tooling Contract from Lockheed Martin for F-35 Lightning II Application


Tooling for Beralcast® casting of F-35 Lightning II Electro-Optical Targeting System Components

WILMINGTON, MASSACHUSETTS--(Marketwired - Feb. 18, 2014) - IBC Advanced Alloys Corp. (TSX VENTURE:IB)(OTCQX:IAALF) ("IBC" or the "Company") reports that its wholly owned US subsidiary, IBC Engineered Materials Corp. ("IBC-EMC"), has been awarded an investment casting hard tooling contract from Lockheed Martin in support of its F-35 Lightning II Electro-Optical Targeting System (EOTS).

Under the terms of the contract, IBC-EMC will be responsible for the design, manufacture and implementation of hard tooling to be used as a part of the final qualification process to establish Beralcast® castings as an effective beryllium-aluminum alternative for precision optical components for the F-35 Lightning II.
As previously disclosed, IBC-EMC is demonstrating the viability of Beralcast® castings to improve lead times and affordability of high performance aerospace components made from beryllium aluminum alloys. IBC-EMC has completed several advanced prototype castings and will now use the hard tooling to deliver a first article casting for pre-production approval.

"IBC is pleased to have received a hard tool contract from Lockheed Martin," said Ray White, President of IBC-EMC. "We are committed to demonstrating the viability of Beralcast® castings with a hard tool and to completing the final stages of our materials and processing qualifications."

"It is an honor to be working with Lockheed Martin," said Anthony Dutton, President and CEO of IBC. "Our Company is committed to delivering advanced beryllium aluminum casting solutions, not only for Lockheed Martin and the F-35 Lightning II but also for other aerospace industry initiatives where modulus, weight and cost are critical performance factors."

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.

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".
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.

Contact Information

Tuesday, February 4, 2014

IBC Advanced Alloys Signs Memorandum of Understanding (MOU) with Nu-Cast

Today- Marketwire
IBC Advanced Alloys Corp. (TSX VENTURE: IB)(OTCQX: IAALF) ("IBC" or the "Company") has signed a non-binding memorandum of understanding ("MOU") with Nu-Cast, Inc. ("Nu-Cast"), based in Londonderry, NH, to collaborate with IBC on new beryllium-aluminum investment casting projects and opportunities, initially for the aerospace sector.

The MOU outlines a framework for increasing manufacturing capacity and improving production efficiencies of IBC's proprietary near-net-shape beryllium aluminum castings. The parties will also focus on joint business development initiatives aimed at increasing market share for IBC's castings which offer significant costs savings and improved delivery times compared to the existing production methods.
IBC's casting process has a long and successful history, with over 250,000 castings produced to date, and both companies have identified opportunities for significant growth in the aerospace and other markets. A proposed IBC-Nu-Cast initiative will combine the two companies' complementary skills to address this exciting opportunity and to drive both sector and application growth.

Founded in 1985, Nu-Cast is a recognized global leader of complex aluminum investment castings specializing in large lightweight structures for electronic, optical and aerospace projects. Nu-Cast has an established client base, which includes NASA agencies as well as top tier defense and military contractors including Lockheed-Martin, General Dynamics, Honeywell, Boeing, Northrop Grumman, Raytheon and many others. 

The two Companies have identified opportunities to improve manufacturing and marketing efficiencies for beryllium aluminum castings to support future growth. Nu-Cast has extensive experience with aluminum investment castings that will complement IBC's beryllium aluminum casting expertise. Pursuant to the MOU, the parties will initially evaluate and develop opportunities to expand IB-EMC's proprietary Beralcast(R) alloys for aerospace applications. 

"Nu-Cast has successfully served the aerospace sector for almost three decades and is an excellent complement to IBC's technology, team and corporate vision," said Don McKitterick, President of Nu-Cast. "Beryllium aluminum alloys have a long history of superior performance in aerospace sector," continued McKitterick, "By combining IBC's propriety and cost effective castings with Nu-Cast's manufacturing and marketing experience, we believe there is enormous potential for growth and we look forward to working with IBC on this opportunity." 

"There are many immediate synergies between IBC and Nu-Cast where we can share our respective know-how to better serve the aerospace industry," said Anthony Dutton, President of IBC. "We are delighted to work with Nu-Cast, who has a long and distinguished track record in the aerospace business, and to mutually increase opportunities for Beralcast(R) in the aerospace sector and other industries requiring high performance precision castings."

As recently disclosed, IB-EMC is in the final stages of an advanced qualification process with Lockheed-Martin's Electro-optical Targeting System (EOTS) team in Orlando, FL. IB-EMC is working with the EOTS engineering, design and quality teams to qualify the Company's Beralcast(R) alloys as effective alternatives to improve lead time and affordability of beryllium aluminum aerospace components. IB-EMC has completed several advanced prototype castings which are being used to evaluate Beralcast(R) alloys and castings for high performance optical aerospace components on Lockheed-Martin's F-35 Lightning II aircraft. 

Beralcast(R) 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(R) 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. 

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".

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.
Contacts:
IBC Advanced Alloys Corp.
Ian Tootill
Director of Corporate Communications
(604) 685-6263 ext 110
itootill@ibcadvancedalloys.com
www.ibcadvancedalloys.com

The Howard Group Inc.
Dave Burwell
(403) 221-0915 or Toll Free: 1-888-221-0915
info@howardgroupinc.com


SOURCE: IBC Advanced Alloys Corp.

Previous:
 

Oct 31, 2013
IBC Advanced Alloys Signs MOU with Global Nuclear Fuels America and Ceramic Tubular Products to Advance Nuclear Fuel Initiatives. IBC Advanced Alloys Corp. TSX VENTURE : IB OTCQX : IAALF. October 31, 2013 09:30 ...
Jan 17, 2013
IBC Advanced Alloys Corp. (TSX VENTURE: IB)(OTCQX: IAALD) ("IBC" or the "Company") announces that its wholly owned subsidiary, IBC Engineered Materials Corp., a leading supplier of high performance aluminum ...
Nov 02, 2012
IBC is an integrated manufacturer and distributor of specialty alloys and related products serving a broad range of industries with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. The Company's ...
Jul 10, 2013
VANCOUVER, BC – July 9th, 2013 – IBC Advanced Alloys Corp. (TSX-V: IB; OTCQX: IAALF) (“IBC” or the “Company”) reports that the Massachusetts Institute of Technology (“MIT”) has completed its initial review and delivered ...

Tuesday, December 3, 2013

Lockheed Martin to use IBC Advanced Alloy in the F-35 Lightning

IBC Advanced Alloys Corp.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.

Contact Information