🕐19.02.13 - 15:54 Uhr
IBC ADVANCED ALLOYS EXTENDS NUCLEAR FUELS RESEARCH AGREEMENTS
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IBC Advanced Alloys
NEWS RELEASE
February 19, 2013
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IBC Advanced Alloys Extends Nuclear Fuels Research Agreements with
Purdue and Texas A&M Universities
Committed to Advancing BeO Nuclear Fuel Research
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VANCOUVER, BC - February 19, 2013 - IBC Advanced Alloys Corp.(TSX-V: IB; OTCQX:
IAALF) ("IBC" or the "Company") has signed extensions to its research agreements
(the "Agreements") with Purdue University ("Purdue") and Texas A&M University ("TAMU"),
until December 31, 2013.
The Company sponsors advanced beryllium oxide (BeO) nuclear
fuels research with the focus of developing a safe and commercially viable high
thermal conductivity nuclear fuel.
"This extension will allow all research participants to thoroughly complete this
current R&D cycle and to evaluate both the new data and the next steps towards
developing a safer and more efficient fuel," said Anthony Dutton, President and
CEO of IBC.
"We are keen to continue our R&D and are in discussions with potential
industry partners regarding possible collaboration and joint funding to advance
this innovative accident tolerant fuel technology."
The extension will provide Purdue and TAMU additional time to complete the necessary
project objectives of developing and verifying thermal performance models, performing
safety analyses and quantifying the neutronic performance merits for UO2-BeO fuel
in nuclear power reactor cores.
In April 2011, IBC signed the Agreements to advance its BeO nuclear fuels R&D project.
The R&D is focused on developing a high thermal conductivity accident tolerant BeO
nuclear fuel for both current and future nuclear power reactors that is more efficient
than existing nuclear fuels.
The underlying IP will govern the commercialization
of the BeO enhanced fuel and has the potential to change the nuclear fuels industry
and position IBC as an important nuclear industry participant.
"We are very pleased to extend this phase of our collaborative R&D with Purdue and
Texas A&M," said Jim Malone, IBCs Vice President of Nuclear Fuel.
"The next six
to eight months are very important and will focus on further demonstrating the
performance of the BeO fuel and also to planning the next steps prior to a full
irradiation trial in a test reactor."
IBCs research focuses on the structure of BeO enhanced nuclear fuel as well as
new fuel cladding technologies, primarily silicon carbide (SiC), to improve fuel
performance should an off-normal event occur.
IBC is currently working with Global
Nuclear Fuels (GNF), Ceramic Tubular Products, LLC ("CTP") and Massachusetts Institute
of Technology ("MIT") to analyze the performance of a BeO fuel pellet with a SiC
based ceramic composite cladding system.
The objective is to demonstrate how BeO
enhanced fuel, combined with CTPs silicon carbide cladding, will provide improved
fuel thermal characteristics leading to a safer, more accident tolerant fuel.
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.
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
(604) 685-6263 ext 110
Email:
Website: www.ibcadvancedalloys.com
IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
Email:
Website: www.ibcadvancedalloys.com
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, 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 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