IBC Signs Four Year Exclusive Supply Agreement With a Leading Global
Designer and Manufacturer of Semiconductor Assembly Equipment
IBC Strengthens Key Relationship for Beralcast® Components in Precision Engineering and Manufacturing Sector
WILMINGTON, MASSACHUSETTS--(Marketwired - March 2, 2016) -IBC Advanced Alloys Corp. (TSX VENTURE:IB)(OTCQB:IAALF) and ("IBC" or the "Company")
a leading advanced alloys and precision castings company, has signed an
agreement with a leading global manufacturer of semiconductor and
electronics assembly equipment to be its exclusive supplier of Beralcast®
cast components. IBC will supply Beralcast® 363 cast components for a
four-year period with the agreement expected to generate base line sales
of approximately USD $4,800,000 over the term of the contract.
"High-performance automation and manufacturing are great
applications for Beralcast® materials and it is a privilege to serve
this leading global company," said IBC Engineered Materials President
Chris Huskamp. "Robotics, precision manufacturing, and automated
assembly equipment use sophisticated designs and complex components to
meet demanding design criteria and critical tolerances," continued
Huskamp. "IBC's Beralcast® components are ultra-lightweight
with high modulus and excellent thermal characteristics and are ideally
suited to applications requiring high precision and performance. We are
excited to be involved in precision manufacturing and see many new
applications for Beralcast® components in this growing market."
"While IBC will continue to focus on near term growth
opportunities in its core aerospace and defense business," said General
David Heinz, IBC's Chief Operating Officer, "we are pleased to be
strengthening our relationship with a recognized global leader and look
forward to supporting them for many years to come. Recent changes to our
IBC Engineered Materials operations have resulted in improved
production rates and operating efficiencies," continued General Heinz,
"and we are well positioned to continue and grow our sales in the
precision manufacturing sector while we broaden our aerospace product
offerings and customer base. We are pleased to enter into this exclusive
agreement for precision-cast components and to support this company's
ongoing commitment to manufacturing excellence."
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 a leading advanced alloys and precision castings company serving a variety of industries including nuclear energy,
automotive, telecommunications and a range of industrial applications.
IBC has 77 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 OTCQB 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.
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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