IBC Signs Four Year Exclusive Supply Agreement with a Leading Global Designer and Manufacturer of Semiconductor Assembly Equipment.
IBC strengthens key relationship for Beralcast® components in precision engineering and manufacturing sector
WILMINGTON, MA - March 2, 2016 - IBC Advanced Alloys Corp. (TSX-V: IB; OTCQB: IAALF) and ("IBC" or the "Company") a leading advanced alloys and precision castings company,has signed an agreement with a leading global manufacturer of semiconductor and electronics assembly equipment to be its exclusive supplier of Beralcast® cast components. IBC will supply Beralcast® 363 cast components for a four-year period with the agreement expected to generate base line sales of approximately USD $4,800,000 over the term of the contract.
"High-performance automation and manufacturing are great applications for Beralcast® materials and it is a privilege to serve this leading global company," said IBC Engineered Materials President Chris Huskamp. "Robotics, precision manufacturing, and automated assembly equipment use sophisticated designs and complex components to meet demanding design criteria and critical tolerances," continued Huskamp. "IBC's Beralcast® components are ultra-lightweight with high modulus and excellent thermal characteristics and are ideally suited to applications requiring high precision and performance. We are excited to be involved in precision manufacturing and see many new applications for Beralcast® components in this growing market."
"While IBC will continue to focus on near term growth opportunities in its core aerospace and defense business," said General David Heinz, IBC's Chief Operating Officer, "we are pleased to be strengthening our relationship with a recognized global leader and look forward to supporting them for many years to come. Recent changes to our IBC Engineered Materials operations have resulted in improved production rates and operating efficiencies," continued General Heinz, "and we are well positioned to continue and grow our sales in the precision manufacturing sector while we broaden our aerospace product offerings and customer base. We are pleased to enter into this exclusive agreement for precision-cast components and to support this company's ongoing commitment to manufacturing excellence."
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.
