VANCOUVER,
BRITISH COLUMBIA--(Marketwire - April 1, 2010) - IBC Advanced Alloys Corp. (TSX
VENTURE:IB) ("IBC" or the "Company") announces that it has been approved and pre-qualified
to submit quotes for the Defense National Stockpile Center (the "DNSC") sales
program for vacuum cast beryllium. The Basic Ordering Agreement (the "BOA") was
executed between the United States of America and IBC's wholly owned
subsidiary, Freedom Alloys, Inc., based in Royersford, Pennsylvania and
provides the Company with certain rights and privileges under the BOA sales
program.
"We are very pleased to have been approved and
qualified to order from the DNSC," said Anthony Dutton, IBC's President and
CEO. "This will allow future ordering and beryllium procurement flexibility and
more options to meet customer demands. For our main business, IBC is extremely
fortunate to have an excellent long standing primary commercial supply
arrangement that supports our main production facilities. However, as our North
American and international business continues to grow," said Dutton, "we are
focused on strengthening our supply chain management systems and production
processes and look forward to working with the DNSC for additional beryllium
supply."
The DNSC is
headquartered in Fort Belvoir, Virginia and has the primary mission to plan,
facilitate and acquire services and supplies necessary to support the storage
and sale of its strategic and critical materials inventory located in depots
throughout the United States. The DNSC is responsible for the storage and sale
of a number of materials and commodities including tungsten, ferromanganese,
cobalt, germanium, chromium and beryllium.
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 65 employees and is headquartered in Vancouver, Canada
with production facilities in Pennsylvania, Indiana and Missouri. Additionally,
IBC owns prospective beryllium
properties in the Western US and Brazil covering approximately 9,500
hectares. IBC is creating a dynamic global beryllium and
advanced alloys company. IBC's common shares are traded on the TSX Venture
Exchange under the symbol "IB".
This news release was prepared by management of IBC, which
takes full responsibility for its contents.
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.