VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 28, 2012) - IBC Advanced Alloys Corp. (TSX VENTURE:IB)(OTCQX:IAALF) ("IBC" or the "Company") has signed an exclusive supply contract to provide a proprietary copper alloy to a global leader in the design and manufacture of high performance products for the aerospace industry. The customer is an acknowledged global industry leader that has been providing its customers with superior copper alloy products for decades.
"We are pleased to be recognized as an essential and high-quality member of our customer's supply chain and to have finalized a long term supply commitment," said Mark Wolma, President of IBC's Copper Alloys operations. "This exclusive supply agreement validates IBC's steadily improving track record of high quality and on time deliveries and demonstrates our commitment to providing materials solutions to our global customers. We look forward," continued Wolma, "to delivering on this agreement and to working closely with our customer to develop additional alloy production processes that support their international reputation for manufacturing and materials excellence."
Anthony Dutton, IBC's CEO commented, "We are increasingly working with our customers to provide specialty, industry-focused solutions to address specific materials needs involving copper and aluminum alloys. This supply contract is vindication that our customer-focused strategy is working."
No minimum ordering requirements are stipulated under this new exclusive supply agreement, but IBC management is confident the agreement has the potential to generate from $6,000,000 to $8,000,000 in revenues over the three-year life of the contract.
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. Additionally, IBC owns prospective beryllium properties in the Western US 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" and the OTCQX under the symbol "IAALF".
This news release was prepared by management of IBC, which takes full responsibility for its contents.
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's 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, 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 Company's 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.
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.