🕐18.03.14 - 14:54 Uhr
NEWS RELEASE: IBCS ENHANCED BEO NUCLEAR FUEL EXCEEDS THERMAL CONDUCTIVITY EXPECT
ATIONS AND OTHER CRITICAL PERFORMANCE FACTORS
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IBC Advanced Alloys
NEWS RELEASE
March 18, 2014
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IBCs Enhanced BeO Nuclear Fuel Exceeds Thermal Conductivity Expectations and Other
Critical Performance Factors
IBC Provides an Update on its Nuclear Fuels R&D Program and Demonstrates a Consistent
and Repeatable Production Method
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VANCOUVER, BC - March 18, 2014 - IBC Advanced Alloys Corp.
(TSX-V: IB; OTCQX: IAALF)
("IBC" or the "Company") provides an update on the Companys enhanced beryllium
oxide (BeO) nuclear fuel R&D program being conducted at Purdue University, Texas
A&M University and MIT.
Recent results met or exceeded expectations in the critical
areas of repeatability and scalability of fuel pellet production, and as-fabricated
fuel pellet thermal conductivity.
The higher thermal conductivity will allow the
fuel to attain the desired thermal conductivity with about one-half of the prior
BeO content thereby enabling the fuel to achieve its desired power output with lower
enriched uranium content which improves fuel economics.
The Texas A&M team, led by Dr.
Sean McDeavitt, has successfully established a repeatable
lab-scale pellet production method that should enable fuel manufacturers, utility
operators and regulators to confidently and consistently accept the physical properties
of BeO pellets from one production batch to another.
A repeatable pellet production
method is critical to establish consistently high quality UO2-BeO fuel pellets that
can be optimally utilized for industrial irradiation cycles.
"We are able to achieve consistent repeatability at our Texas A&M research laboratories
and have demonstrated strong data driven results for enhanced UO2-BeO pellets,"
reports Dr.
Sean McDeavitt.
"Measurements of the as-fabricated pellet thermal conductivity,
a key parameter for fuel performance, have also exceeded expectations and our research
has consistently returned results with approximately twice the values for thermal
conductivity of unenhanced UO2."
These new and higher thermal conductivity measurements are important as they predict
the ability to facilitate the same power output but with less BeO than previously
expected in each pellet.
This has an important and valuable knock-on effect as,
with less BeO being used, the uranium content of each pellet may then be increased
which in turn supports a reduction in uranium-235 enrichment.
This can all be done
while still maintaining optimal energy production with longer fuel cycles.
This
is extremely encouraging for the nuclear industry, especially reactor operators
and utility companies, who would gain significant improvements in safety margins
and operating economics with IBCs BeO enhanced accident tolerant fuel.
"We are very encouraged with these new results and their safety and economic implications
for IBCs BeO nuclear fuel project," commented Jim Malone, IBCs Vice President
of Nuclear Fuel.
"Todays nuclear industry is examining a variety of new technologies
focused on the development of more economically efficient and accident tolerant
nuclear fuels.
We believe that IBCs BeO enhanced fuel has further demonstrated
its commercial potential and we look forward," continued Mr.
Malone, "to sharing
these new and exciting results with our potential industry partners and to jointly
taking the research to the next step."
IBC sponsored research focuses on the structure and composition of beryllium oxide
enhanced nuclear fuel as well as new protective cladding technologies, primarily
silicon carbide, to improve fuel performance including longer life, more stability
and better thermal conductivity.
IBC sponsors R&D at Purdue University, Texas A&M
University, and has partnered with Global Nuclear Fuels to conduct multi-oxide fuel
testing.
IBC is also partnered with Ceramic Tubular Products, LLC and Massachusetts
Institute of Technology ("MIT") to develop and analyze a silicon carbide-based ceramic
composite cladding which will complement the BeO nuclear 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 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".
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IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
Email:
Website: www.ibcadvancedalloys.com
The Howard Group Inc.
Dave Burwell
Toll Free: 1-888-221-0915
(403) 221- 0915
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.
| 1200-570 Granville St.
| Vancouver | BC | V6C 3P1 | Canada