IBC Advanced Alloys Corp details

IBC Advanced Alloys Corp.

TSX VENTURE : IB
OTCQX : IAALF

Description

IBC Advanced Alloys Corp. (IBC), formerly International Beryllium Corporation, is a Canada-based Company engaged in the development and manufacturing of advanced alloys, in particular beryllium alloys and specialty copper alloys. It also focuses on beryllium mineral exploration. IBC can be used in its pure form or combined with other metals to form unique alloys for essential applications for the nuclear, aerospace, medical, automotive, electronics and defence industries. It operates in three aspects: manufacturing, research and mineral exploration. It provides manufacturing and support services, including casting and master alloy products, cast and forged billet products, semi-continuous cast input billets and wrought products. It operates in copper alloys division and beryllium aluminium division. IBC owns a 100% interest in the Boomer mine located in the Lake George beryllium district. IBC US Holdings, Inc., Freedom Alloys, Inc., Nonferrous Products, Inc. are its subsidiaries.

More from Reuters »

Officers and directors

Anthony Dutton		President, Chief Executive Officer, Director
Simon J. Anderson		Chief Financial Officer, Secretary
Chris Huskamp		Acting President of IBC Engineered Materials Corp
Ray White		President of IBC Engineered Materials
Mark Wolma		President of IBC Copper Alloys
General David R. Heinz		Chief Operating Officer, Director
James Patrick Malone		Vice President - Nuclear Fuels
Dal S. Brynelsen		Independent Director
Jerry Michael Jarvis		Independent Director
Alastair S Neill		Independent Director

Full list on Reuters »

Contact Information

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

  IBC Subsidiaries:

  Freedom Alloys, Inc.
  IBC Engineered Materials Corporation
  IBC Mineral Properties, Inc.
  IBC US Holdings, Inc.
  NF Industries, Inc.
  Nonferrous Products, Inc.
  Rare Earths Limited, LLC
  Specialloy Copper Alloys LLC

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:
 

RetireFundsNews: IBC Advanced Alloys Signs MOU with Global ...

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 ...

IBC Advanced Alloys Earns coveted AS9100 Certification

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 ...

RetireFundsNews: IBC Advanced Alloys Reports Fiscal 2012 Results

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 ...

RetireFundsNews: MIT performance report supports Beryllium ...

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 ...

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 ET

IBC to explore opportunities with GNF-A and CTP to advance accident tolerant nuclear fuel technologies

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 31, 2013) - IBC Advanced Alloys Corp. (TSX VENTURE:IB)(OTCQX:IAALF) ("IBC" or the "Company") is pleased to announce that it has signed a memorandum of understanding (the "MOU") with Global Nuclear Fuel - Americas, LLC ("GNF-A") and Ceramic Tubular Products, LLC ("CTP") to explore opportunities to collaborate on nuclear fuel research. The MOU was signed following meetings at the recent American Nuclear Society's annual Top Fuels conference where IBC presented recent R&D developments on its beryllium oxide ("BeO") nuclear fuel focused on developing a safer and more accident tolerant nuclear fuel.

Under the terms of the agreement, the parties will enter into discussions regarding a potential joint collaborative effort to develop and analyze the benefits of increased cooperation and interaction regarding the development and commercialization of the advanced beryllium oxide-silicon carbide ("BeO-SiC") fuel technology. The parties have also agreed to explore available opportunities for government or industry partner funding for accident tolerant fuel R&D initiatives.

Based in Wilmington, N.C., GNF-A is a joint venture of General Electric, Hitachi Ltd. and Toshiba Corporation and is a leading fabricator and supplier of Boiling Water Reactors ("BWR") fuel and services. GNF-A strives to continually advance fuel technologies to meet the demands of today's power reactors and to support a strong nuclear industry.

CTP, based in Rockville, MD is developing advanced silicon carbide nuclear fuel cladding which will improve both industry economics and safety. CTP has been awarded multiple grants, including one from the US Department of Energy, to further research, identify and evaluate complementary fuel forms, such as IBC's BeO enhanced fuel.

IBC recently reported that the Massachusetts Institute of Technology ("MIT") completed a fuel performance study supporting IBC's BeO nuclear fuel technology combined with CTP's silicon carbide cladding. The MIT report validates how IBC's BeO enhanced fuel and CTP's SiC cladding could reduce fuel operating temperatures and improve fuel operating characteristics leading to a safer and more accident tolerant fuel. The report, along with other recent findings from Texas A&M and Purdue Universities, was presented at the Top Fuels conference.

"We are very pleased to have signed this MOU with IBC and CTP which could have significant fuel cycle benefits for plant operators," said Chet Akiri, COO of GNF-A. "The potential benefits of the improved thermal conductivity fuel, combined with CTP's cladding technology, include lower fuel operating temperatures that deliver the same energy to the reactor system. GNF is committed," continued Akiri, "to pursuing new technologies that will improve fuel performance and result in important benefits for our utility customers."

Herb Feinroth, CEO of Ceramic Tubular Products, echoed Akiri's sentiments and said, "The tests of CTP's TRIPLEX Silicon Carbide cladding have already shown the potential for hundreds of times lower heat release and hydrogen release during severe accidents as compared to the current metal cladding now used in commercial reactors. The combination of CTP's cladding technology with IBC's enhanced BeO fuel," continued Feinroth, "could mark a significant step in the development of more accident tolerant nuclear fuels and we look forward to working with IBC and GNF to advance this important initiative."
As a result of recent nuclear industry events, industry officials and governments are supporting alternative advanced fuel designs including increased R&D initiatives for more accident tolerant fuels. Because of this increasing industry awareness the parties to the agreement look forward to entering into discussions with a number of potential nuclear industry partners to explore and discuss the next phase of R&D including irradiation requirements and testing of the fuel in test reactors.

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 sectors including aerospace, automotive, telecommunications and a range of industrial applications. IBC has 83 employees and production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. IBC is creating a dynamic global 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

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

MIT performance report supports Beryllium Nuclear Fuel and SiC fuel technology

Published Tuesday, July 9, 2013 6:05 am

VANCOUVER, BC – July 9^th, 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 a fuel performance report validating the feasibility of IBC’s patented beryllium oxide (“BeO”) nuclear fuel technology combined with Ceramic Tubular Products, LLC (“CTP”) silicon carbide cladding. As reported in June 2012, IBC entered into a sponsored research agreement with MIT to analyze the performance of the BeO enhanced fuel and how it would perform with the addition of silicon carbide ("SiC) cladding.

IBC’s partnerships with CTP and MIT regarding a SiC based ceramic composite cladding complement IBC’s ongoing nuclear fuel R&D being conducted at Purdue and Texas A&M universities. The fuel performance report validates the characteristics of the fuel technology and further demonstrates how IBC’s BeO enhanced fuel, combined with CTP’s SiC cladding, could result in reduced fuel operating temperature and improve fuel operating characteristics leading to a safer and more accident tolerant fuel.

As a result of recent events in the nuclear industry, especially the well known issues at Fukushima in 2011, industry officials and governments are developing alternative strategies and increasingly reviewing the safety benefits of accident tolerant fuels. Because of this increasing industry awareness, the Company is in discussions with a number of potential nuclear industry partners, including Japanese fuel cycle suppliers, to explore and discuss the next phase of R&D including irradiation requirements and testing of the fuel in test reactors.

“We are very encouraged with the conclusions of the MIT fuel performance report about the beneficial characteristics and capability of the enhanced BeO fuel in combination with the SiC cladding technology”, said Jim Malone, IBC’s Vice President of Nuclear Fuel. “IBC is working diligently with Purdue, Texas A&M, CTP and and other industry participants to take the next step of a full irradiation trial in a test reactor to further understand and evaluate the advantages of BeO enhanced fuel as a next generation accident tolerant fuel.”

The IBC sponsored research at MIT is led by Dr. Mujid Kazimi, the MIT Tokyo Electric Power Company (“TEPCO”) Professor in Nuclear Engineering. Dr. Kazimi is also an MIT Professor of Mechanical Engineering and the Director of the Center for Advanced Nuclear Energy Systems (“CANES”). Dr. Kazimi is an expert on fuel performance, safety and power density with a substantial body of peer-reviewed publications as well as numerous academic awards and nuclear industry honors. In addition to his MIT responsibilities, Dr. Kazimi is also a member of the Nuclear Energy Advisory Committee at the US Department of Energy.

As previously reported, IBC has extended its research agreements with Purdue and Texas A&M, to advance its BeO nuclear fuels R&D until December 2013. IBC’s nuclear fuel program is focused on developing an accident tolerant high thermal conductivity BeO nuclear fuel for both current and future nuclear power reactors that is more efficient and safer than existing nuclear fuels. The project’s objective is to commercialize the intellectual property and to position IBC as an essential part of the nuclear industry’s supply chain.

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 sectors including aerospace, automotive, telecommunications and a range of industrial applications. IBC has 86 employees and production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. IBC is creating a dynamic global 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”.

IBC Advanced Alloys Corp.

Ian Tootill, Director of Corporate Communications

(604) 685-6263 ext 110

Email: itootill@ibcadvancedalloys.com

Website: www.ibcadvancedalloys.com