IBC Vice President of Nuclear Fuels Jim Malone Appointed Chairman of World Nuclear Association Fuels Working Group
September 12 2011 - 9:00AM
Marketwired
IBC Advanced Alloys Corp. (TSX VENTURE: IB)(PINK SHEETS:
IAALF)(OTCQX: IAALF) ("IBC" or the "Company") announces that Jim
Malone, IBC's Vice President of Nuclear Fuels, has been appointed
as Chairman of the World Nuclear Association's
(www.world-nuclear.org) recently initiated Fuel Technology Working
Group. The working group's objective is to explore evolutionary
fuel technologies with a view to developing, supporting and
commercializing alternative fuel-types for the nuclear industry.
The Fuel Technology Working Group is specifically focused on
investigating and assessing the viability of commercializing a
number of fuel-type variants, including high thermal conductivity
beryllium oxide fuel such as being developed by IBC with Purdue and
Texas A&M universities. The first meeting of the Fuel
Technology Working Group will take place on September 12, 2011 in
London, England at the Annual World Nuclear Association
Symposium.
Mr. Malone's appointment reaffirms his position as an
acknowledged nuclear industry leader and nuclear fuel expert with
more than 40 years of senior experience in the downstream business.
Most recently he was Vice President, Nuclear Fuels at Exelon Corp.,
where he was responsible for their nuclear fuel cycle activities,
including fuel procurement, safeguards, economics, and fuel cycle
costs. Mr. Malone is also Chairman of the Board of Hathor
Exploration Ltd., a junior uranium exploration and development
company.
"IBC commends Jim for this prestigious appointment with the
World Nuclear Association," said Anthony Dutton, President and CEO
of IBC Advanced Alloys. "Jim's role as Vice President of Nuclear
Fuels for IBC has led to significant developments of our Company's
beryllium oxide nuclear fuel development program, and we believe
his role with the Fuel Technology Working Group will foster a
greater understanding of alternative fuel technologies, and
potential cost efficiencies and safety improvements for the
existing industry."
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 on
the OTCQX under the symbol "IAALF".
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.
Contacts: IBC Advanced Alloys Corp. Ian Tootill Director of
Corporate Communications (604) 685-6263 ext 110 (604) 687-8678
(FAX) itootill@ibcadvancedalloys.com www.ibcadvancedalloys.com
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