IBC Advanced Alloys – Beryllium For the Global Market
Overview
IBC Advanced Alloys Corp. (TSXV:IB, OTCQX:IAALF) IBC Advanced Alloys is a leading rare metals advanced alloys developer and manufacturer, for the global market, with a focus on specialty copper alloys and high performance beryllium aluminum castings. IBC’s engineered solutions are essential for high technology products which are used in a broad range of market sectors including automotive, oil and gas, electronics, nuclear power and aerospace.
Complementing their alloy manufacturing operations are R&D initiatives focused on both enhancing and supporting IBC’s growing US manufacturing base and the development of new markets for beryllium. One of its initiatives is leading research on the addition of beryllium in uranium fuel for nuclear power reactors. IBC’s manufacturing divisions are located in Eastern USA.
IBC 2013 Corporate Update
Investment Highlights
- IBC is a revenue producing growth business
- Increasing demand for advanced alloys – new applications in a wide variety of rapidly growing industries
- Global distribution
- Value added synergies through research and development
- Small market cap
- IBC sponsors research on improved nuclear with Purdue University, Texas A & M, Massachusetts Institute of Technology (MIT)
- Strong management and Board of Directors
Click for IBC Advanced Alloy’s Fact Sheet
IBC’s Competitive Advantage
IBC Key Markets
Government, Strategic, Commercial and Industrial
- Aerospace
- Defense
- Oil and Gas
- Welding
- Injection Molding
- Foundry
Beryllium
Beryllium is a rare metal with unique characteristics used a pure metal or a copper alloy. The two most common types of Beryllium ore are bertrandite and beryl pegmatite.
Beryllium qualities:
- Stiffer than steel
- Second lightest of all metals
- Non-magnetic
- Corrosion resistant
- High heat absorption
- X-ray transparent
- High melting point
IBC Value Chain
- Dependable sources of raw materials
- Long term strategic relationships
- Approved buyer from DOD
- Copper Alloys
- Aluminium Alloys
- R&D
- Tech
- Automative
- Aerospace
IBC Research and Development
IBC Research & Development initiatives focus on supporting and enhancing the growth of its manufacturing base as well as driving future demand for beryllium. One of IBC’s initiatives is the sponsorship of nuclear fuels research at Purdue University, Texas A & M University, and MIT. The research is focused on the use of beryllium oxide in nuclear fuels to improve safety and enhance efficiency.
Conventional uranium oxide nuclear fuels suffer from low thermal conductivity and lack of optimization of the fission process. Initial IBC-funded university research shows that beryllium oxide added to uranium oxide fuel improves thermal conductivity allowing the fuel to operate at a cooler temperature without sacrificing power output. The lower operating temperature provides an increased response window in the event of an operational upset, thereby increasing safety. Adding beryllium oxide to uranium oxide fuel has the added benefit of enhancing reaction neutronics which improves fuel efficiency by four percent allowing current uranium reserves to power up to nine nuclear reactors for 18 months.
Summary
IBC Advanced Alloys has a long term strategic partnership with Ulba (a subsidiary of Kazatomprom), in Kazakhstan from which it sources its raw materials. The Company is growing its manufacturing operations and widening its rare metals portfolio. IBC builds value added opportunities through research and development and synergies, and it sponsors nuclear fuel research with Purdue University, Texas A&M and Massachusetts Institute of Technology (MIT).
The management team includes experience in the business, military, automotive, finance, geology, engineering and development of Beryllium. The Company believes its long term growth drivers lie in the implementation of new technologies and acquisitions and joint ventures.
Management
Anthony Dutton – President, Chief Executive Officer, and Director
Anthony is a seasoned business executive and entrepreneur with a successful track record as an early stage investor and business founder. His areas of expertise are corporate finance, business development and strategic management. He is regularly engaged in developing strategic and financial plans for early stage and high growth companies. Anthony holds a BA in Economics from the University of British Columbia and a MBA from the Cranfield School of Management in the United Kingdom. Anthony is a principal at Primary Capital Group and is also a director of several public and private companies, both in Canada and the United States.
Simon J. Anderson – Chief Financial Officer
Simon is a Chartered Accountant with extensive experience in financial reporting, corporate finance and management with public companies. He is a director or officer of several Canadian and US-listed companies ensuring public disclosure meets current standards and planning and implementing acquisitions and divestitures. Previously, Simon was a partner with an international accounting and consulting firm practicing in the areas of business valuation, mergers and acquisitions and business planning services.
Dal S. Brynelsen – Director
With over 30 years of experience in the mining industry, Dal has been the president, CEO and a director of Vangold Resources Ltd. (TSXV:VAN) for the past 16 years and was instrumental in its restructuring. He was also the Western Manager of corporate finance for a national brokerage firm for four years during the downturn in mining and mineral exploration. He has discovered, financed and brought to production two gold mines in Canada. He is also a founding director of Griffin Mining Ltd., a $700 million company listed on the AIM Exchange in London. Griffin is the first western company to build a mine in China in the last 100 years. Dal is a member of IBC’s audit committee.
Major General David R.Heinz – Director
MajGen Heinz is a highly decorated retired senior U.S. Marine Corps officer whose most recent military assignment was as the Program Executive Officer (PEO) for the F-35 Lightning II Program in Arlington, VA. MajGen Heinz has served in the U.S. military, in a variety of senior positions including systems avionics instructor at the U.S. Naval Test Pilot School, Regimental Air Officer to 1st Marine Regiment in Camp Pendleton, Deputy Department Head for the Aviation Weapons Systems Requirements Branch (APW) at Headquarters, Marine Corps and Deputy Director for Operations, National Military Command Center, J-3, Joint Staff, Pentagon.
MajGen Heinz graduated from the U.S. Naval Academy in 1978 with a Bachelor of Science Degree in Systems Engineering. He also has a Master of Science degree in Computer Science with a subspecialty in Artificial Intelligence from the Florida Institute of Technology and a Master of Arts degree in National Security and Strategic Studies from the Naval Warfare College. His decorations include the Defense Superior Service Medal, Legion of Merit, Meritorious Service Medal with Gold Star, Air Medal with bronze numeral 4, Navy Commendation Medal with three gold stars and the Navy Achievement Medal. He has flown over 3,000 flight hours in 22 T/M/S aircraft.
Mike Jarvis – Director
Mike has extensive financial and management expertise, including considerable operational experience with manufacturing companies. He founded Franklin Power Products a profitable automotive manufacturer in 1983. Based in Indiana, Franklin Power Products had 2,700 employees and 16 locations in the US and Canada serving domestic and international customers. The company remanufactured gas and diesel engines, transmissions, electrical systems and other components for automotive, large truck, construction and locomotive applications. Mr. Jarvis served as president of Franklin Power Products until its sale to Delco Remy in 1999. He then served as president and manager of Delco Remy’s Powertrain Division until establishing Jarvis Enterprises in 2004. Mr. Jarvis currently oversees Jarvis Enterprises which holds and manages various businesses in sectors including real estate, farming, telecommunications, health and automotive technology.
Alastair Neill – Director
Alastair Neill is former Vice President of Sales and General Manager of Rare Earth Division for AMR (Now Neo-Material Technologies). He brings over 15 years of direct Rare Earth Elements experience with downstream end-users in Korea, Japan, Europe and North America and with material suppliers in China.
Mr. Neill is currently Executive Vice President of Dacha Strategic Metals and serves on the Advisory Board of Rare Earth Element World (REE World), an international organization dedicated to providing industry leadership in the rare earths, rare metals and critical metals sector.
Ian Slater – Director
Ian is a Chartered Accountant with over 18 years of experience in international finance in the global resource sector. He was CEO and a director of Fortress Minerals (“Fortress”), a publicly trading Canadian gold exploration and development company managed by the Lundin Group of companies and listed on the TSX Venture Exchange.
Prior to his tenure at Fortress, Ian was the Managing Partner of Ernst & Young’s Canadian mining practice. He has substantial financial experience and expertise in regions such as Central Asia and Russia, as he served as a partner with Arthur Andersen LLP where he lead their Central Asian mining practice for six years. Based in Kazakhstan with Arthur Andersen, Ian negotiated with governments at all levels on behalf of some of the resource industry’s largest companies.
Mr. Slater is currently CEO and a founding director of Slater Mining Corporation (SLM.P:TSX.V), an early stage publicly traded international mining venture. Ian is a member of IBC’s audit committee.
David Hinds – Manager of Aerospace and Defense Sales of IBC Enigneered Materials
David was originally an Electro-Optics systems engineer for Raytheon and has over 30 years of experience in the sales of products and technologies into the aerospace and defense markets. Prior to joining E.M.C., David was successful in similar positions in sales and business development while employed at several large defense contractors in the greater Boston area including BAE Systems, Textron Defense Systems, General Dynamics and Elbit Systems-US.
Douglas Veitch – VP of Business Development
Doug was previously Director of Global Bulk Products for Brush Wellman Inc. where he was responsible for new product development for the global industrial business division of Brush Wellman. Prior to working at Brush Wellman he was a Senior Account Manager with E.I. DuPont de Nemours at their Engineering Polymers Division in Troy, Michigan where he attained Six Sigma Blackbelt status for top line growth. Before being promoted to DuPont USA, Veitch spent 13 years at DuPont Canada in a range of increasingly senior sales and customer focused positions. He has a B.Sc. Degree in Mechanical Engineering from the University of Alberta.
Mark Wolma - President of IBC Copper Alloys
Mark is the President of IBC Copper Alloys. He was previously VP of Operations for Scherer Industrial Group, Inc. He has over30 years of experience in manufacturing, sales and service of electrical, mechanical and hydraulic apparatus. He is currently serving on the board of the Copper and Brass Service Association and is formerly active in the Electrical Apparatus Service Association.
Rajeev Jain – VP of Sales
Rajeev received a Bachelor of Engineering in Metallurgy in 1991 from Rourkela, India and an MBA from the Kelley School of Business at Indiana University in 2008. He formerly worked at Hussey Cooper in various senior positions for 10 years before joining Nonferrous Products as VP Sales.
Ray White – President of IBC Engineered Materials
Mr. White is one of the co-inventors of the Beralcast® technology and is named on its US Patent. He has direct experience and understanding of its many aerospace, military and commercial applications and previously worked as the vice president of operations of the predecessor company manufacturing Beralcast.
Immediately prior to joining IBC, Mr. White was a division manager with the Integrated Optical Systems Division of L-3 Communications Corporation (NYSE:LLL), the sixth largest defence company in the US.
Jim Malone- VP of Nuclear Fuels and Chair of IBC Nuclear Fuels Advisory Board
Malone has more than 40 years of experience in the nuclear power industry, with a focus on the technical, economic and planning aspects of nuclear fuels. He is formerly Vice President, Nuclear Fuels for Exelon Generation, a wholly owned subsidiary of Exelon Corp, where he was responsible for their nuclear fuel cycle activities, including procurement, safeguards, economics, and fuel cycle cost. Mr. Malone began his career as an engineer in the utility reactor core analysis section of the nuclear engineering department of United Nuclear Corporation. Prior to his position with Exelon, Mr. Malone was a vice president at NAC International where he participated in fuel cycle consulting including fuel reliability via NAC’s Stoller Nuclear Fuel Division. Mr. Malone graduated with a Bachelor of Science degree in chemical engineering (nuclear) from Manhattan College and received an MBA from Iona College in New York, with a Graduate School of Business Award for Academic Excellence.
