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IBC ADVANCED ALLOYS NEWS RELEASE
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IBC Advanced Alloys
NEWS RELEASE
October 12, 2011
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Vertically Integrated from Exploration to Market
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IBC Advanced Alloys Engages
Automotive Materials Expert
IBC to Develop High Performance Auto Sports Alloy Solutions
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VANCOUVER, BC - October 12th, 2011 - IBC Advanced Alloys Corp.
(TSX-V: IB; OTCQX: IAALF) ("IBC" or the "Company") has engaged an internationally
recognized high performance autosports materials and metallurgical consultant to
assist the Company in developing and implementing a range of business and product
development as well as growth initiatives aimed at the competitive autosports market.
Chris Huskamp is currently an Associate Technical Fellow at The Boeing Company in
St.
Louis where he is involved in developing high performance materials strategies
and solutions for a variety of military and commercial aerospace projects.
He is
also the owner and president at Huskamp Motorsports Engineering where he provides
consulting services to Formula One, Grand-Am Daytona Prototypes, IndyCar, ARCA,
and Formula 1 PROP boat teams and suppliers including Lotus Renault GP and others.
Chris is also a member of the Sports Car Club of Americas Formula/Sports Racer
Advisory Committee.
"I am very excited to be involved with IBC and their automotive strategy which I
believe holds enormous promise both for the Company and the industry," said Chris
Huskamp.
"I have been involved with auto racing for more than two decades and regularly
evaluate new technologies focused on performance improvement.
I believe," continued
Huskamp, "that IBCs materials have great potential for the motorsports community,
and the automotive market generally, and I am looking forward to working with IBC
to develop this opportunity."
IBCs ultra-light family of advanced alloys and metal composites could have huge
benefits for auto racing and performance automotive applications, particularly
those where rotational mass and unsprung weight are critical.
The Companys range
of alloys and composites has a consistently high stiffness to weight ratio, as well
as other important materials characteristics, which will allow automotive engineers
greater design flexibility and more options to achieve significant performance gains.
"We are very pleased to have Chris help guide and develop our automotive strategy,"
said Anthony Dutton, President and CEO of IBC Advanced Alloys.
"His experience,
passion for auto racing and network of high profile relationships will prove to
be an enormous asset for IBC.
While IBCs automotive strategy will initially focus
on high performance racing," continued Dutton, "we believe that the Companys work
also holds great promise for the commercial automotive sector which is already adopting
ultra-light weight and alternative materials solutions for its current and next
generation designs."
Pursuant to this engagement, IBC has granted 250,000 incentive stock options at
an exercise price of $0.19 each until October 5, 2016 pursuant to the terms of the
Companys 2009 stock option plan and which are subject to TSX Venture Exchange policies
and approval.
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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.
Additionally, IBC owns prospective
beryllium properties in the Western US covering approximately 9,500 hectares.
IBC
is creating a dynamic global beryllium and advanced alloys company.
IBCs 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
+1 (604) 685-6263 ext.
110
Email:
Website: www.ibcadvancedalloys.com
Rubenstein Investor Relations
Tim Clemensen
+1 (212) 843-9337
Email:
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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 Companys
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, 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 Companys 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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IBC Advanced Alloys Corp.
| 906-595 Howe St.
| Vancouver | BC | V6R 2H6 | Canada