IBC Engineered Materials Working with Lockheed Martin to Qualify Beralcast® Alloys for F-35 Lightning II Applications
December 03 2013 - 9:00AM
Marketwired
IBC Engineered Materials Working with Lockheed Martin to Qualify
Beralcast® Alloys for F-35 Lightning II Applications
Collaborative work will expand Beralcast® casting applications
for F-35 Lightning II and other Lockheed platforms while offering
shorter lead times and competitive pricing
WILMINGTON, MASSACHUSETTS--(Marketwired - Dec 3, 2013) - IBC
Advanced Alloys Corp. (OTCQX:IAALF) (TSX-VENTURE:IB) ("IBC" or the
"Company") reports that its wholly owned US subsidiary, IBC
Engineered Materials Corp. ("IB-EMC") is in the final stages of a
materials and production qualification process with Lockheed
Martin's F-35 Electro-optical Targeting System (EOTS) team based in
Orlando, Florida.
IB-EMC is working directly with Lockheed Martin's F-35 EOTS
engineering, design and quality teams to develop specific
components to demonstrate the technical and commercial viability of
the Company's proprietary Beralcast® alloys as effective
alternatives to improve lead time and affordability of high
performance aerospace components made from beryllium aluminum
alloys. As a part of the project IB-EMC has completed several
advanced prototype castings which are being used to evaluate
Beralcast® alloys and castings for several critical structural and
sub- system aerospace components.
The current first phase initiative is to conduct studies of
Beralcast® alloys for use on specific optical components on
Lockheed Martin's F-35 Lightning II aircraft. This collaboration
with Lockheed Martin is also allowing IBC to demonstrate its
expertise and industry leadership in offering rapid prototyping and
advanced materials solutions to provide investment cast parts to
aerospace customers with short lead time and competitive pricing
requirements.
"IBC Engineered Materials is excited to be collaborating with
Lockheed Martin and believe we will demonstrate the viability of
our Beralcast® alloys and cast components as mechanically compliant
and cost effective components for the F-35 Lightning II program,"
said Ray White, President of IB-EMC. "We hope that IBC's
partnership and collaboration with Lockheed Martin will advance the
potential for our engineered materials products for other aerospace
industry initiatives where modulus, weight and cost are important
design criteria."
Beralcast® alloys can be used in virtually any high performance
application requiring complex, lightweight and high-stiffness parts
and can be substituted for aluminum, magnesium, titanium, metal
matrix composites as well as pure beryllium or powder metallurgy
beryllium-aluminum. Beralcast's® principal alloys are more than
three times stiffer than aluminum with 22% less weight and can be
precision-cast for simple and complex three-dimensional stability.
These high modulus alloys are ideal for high performance industrial
and high tech components as well as for a wide range of aerospace
applications.
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. 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. 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 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, 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 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.
IBC Advanced Alloys Corp.Ian TootillDirector of Corporate
Communications(604) 685-6263 ext
110itootill@ibcadvancedalloys.comwww.ibcadvancedalloys.com
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