WILMINGTON, MA and VANCOUVER, July 13,
2015 /CNW/ - IBC Advanced Alloys Corp. (OTCQX: IAALF and
TSX-V: IB;) ("IBC" or the "Company"), a leading advanced alloys and
precision castings company, has successfully delivered its first
completed Beralcast® azimuth gimbal housing components
to Lockheed Martin. The articles will be used in the Lockheed
Martin F-35 Lightning II Electro Optical Targeting System
(EOTS).
Lockheed Martin's EOTS provides affordable, high-performance
multi-function targeting to the F-35's full spectrum of military
operations. It is the first sensor to combine forward-looking
infrared and infrared search and track functionality to provide
F-35 pilots with situational awareness and air-to-air and
air-to-surface targeting from a safe distance. The technology
enables aircrews to identify areas of interest, perform
reconnaissance and precisely deliver laser- and GPS-guided
weapons.
Ray White, President of IBC
Engineered Materials Corp. said, "Successful first article delivery
of Beralcast® components to Lockheed Martin raises the
bar for high performance aerospace applications delivered with cost
and lead time savings. This is an important milestone for both IBC
and the aerospace industry," continued White, "and we look forward
to continuing to support Lockheed Martin and aerospace with IBC's
Beralcast® cast alloys."
The first contract for Beralcast® azimuth gimbal
housing components for OEM aircraft fitted with EOTS systems and
spares for low-rate initial production (LRIP) Lots 7 and 8 was
announced September 8, 2014.
Beralcast® alloys are ideally suited to many aerospace applications
where lightweight, high modulus and cost are critical performance
factors. The principal Beralcast® alloys are three times
stiffer than aluminum with 22% less weight and can be substituted
for aluminum, magnesium, titanium, metal matrix composites as well
as pure beryllium or powder metallurgy beryllium-aluminum.
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.
SOURCE IBC Advanced Alloys Corp.