🕐25.03.15 - 14:54 Uhr
NEWS RELEASE: IBC ENGINEERED MATERIALS RECEIVES PURCHASE ORDER FROM KAMAN CORPORATION
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IBC Advanced Alloys
NEWS RELEASE
March 25, 2015
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IBC Engineered Materials Receives Purchase Order from Kaman Corporation
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WILMINGTON, MA - March 25, 2015 - IBC Advanced Alloys Corp.
(TSX-V: IB; OTCQX: IAALF) a leading advanced alloys and precision castings company,
reports that its wholly owned US subsidiary, IBC Engineered Materials Corp.
("IBC-EMC")has
received a purchase order from Kaman Corporation (NYSE:KAMN) to supply critical
imaging system components that will be used on US naval and foreign military tactical
aircraft.
Production on the new contract has begun at IBCs Wilmington, MA facility with the
first components scheduled for delivery in fiscal 2015.
Based on past program purchases
IBC-EMC expects to make further sales of related components.
Terms of the order
are not disclosed.
"IBC-EMC has extensive experience in high performance optical targeting systems
where weight savings and high modulus are critical performance factors," said Ray
White, IBC EMC President.
"Our Beralcast® castable alloys are ideally suited to
these kinds of specialized precision applications and can uniquely offer defense
and aerospace contractors cost effective solutions compared to more traditional
machined components.
We are delighted," continued White, "to be working with Kaman
Corporation who are committed to manufacturing excellence and we look forward to
supporting them in additional programs."
Beralcast® alloys are ideally suited to many aerospace applications where lightweight,
high modulus and cost are critical performance factors.
Beralcast® alloys are three
times stiffer and 22% less weight than aluminum.
Beralcast® alloys can be an engineered
substitute for aluminum, magnesium, titanium, metal matrix composites, pure beryllium
or powder metallurgy beryllium-aluminum materials in the appropriate applications.
Kaman Corporation (NYSE:KAMN) was founded in 1945 and is headquartered in Bloomfield,
CT, where it conducts business in the aerospace sector and distribution markets.
The Company produces and distributes a wide range of proprietary aircraft bearings
and components and complex metallic and composite aero-structures for commercial,
military and general aviation fixed and rotary wing aircraft.
Kaman Corporation
operates globally through a network of more than 200 offices and has over 5,000
employees.
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
The Howard Group Inc.
Dave Burwell/Brad Dryer
Toll Free: 1-888-221-0915
(403) 221-0915
[mailto:]
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.
Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
[mailto:]
www.ibcadvancedalloys.com
The Howard Group Inc.
Dave Burwell / Brad Dryer
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