🕐03.12.13 - 15:54 Uhr
IBC ENGINEERED MATERIALS WORKING WITH LOCKHEED MARTIN TO QUALIFY BERALCASTĀ® ALL
OYS FOR F-35 LIGHTNING II APPLICATIONS
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IBC Advanced Alloys
NEWS RELEASE
December 3, 2013
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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
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Wilmington, MA, December 3, 2013.
IBC Advanced Alloys Corp.
(OTCQX: IAALF and TSX-V: IB;) ("IBC" or the "Company") reports that its wholly owned
US subsidiary, IBC Engineered Materials Corp.
("IB-EMC")
in the final stages of a materials and production qualification process with Lockheed
Martins F-35 Electro-optical Targeting System (EOTS) team based in Orlando, Florida.
IB-EMC is working directly with Lockheed Martins F-35 EOTS engineering, design
and quality teams to develop specific components to demonstrate the technical and
commercial viability of the Companys proprietary Beralcast alloys
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 Martins 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 IBCs 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.
Beralcasts 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.
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
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