IBC Wins US Defense National Stockpile Center Ordering Approval

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Thu, Apr 1, 2010
Rare Earth Company News
Post by Geetha Raghavan, Rare Earth Research Manager

IBC Advanced Alloys Corp. (CVE:IB) reports its approval and pre-qualification for submitting its quotes for the Defense National Stockpile Center sales program for vacuum cast beryllium.

The Basic Ordering Agreement (the “BOA”) was executed between the United States of America and IBC’s wholly owned subsidiary, Freedom Alloys, Inc., based in Royersford, Pennsylvania and provides the Company with certain rights and privileges under the BOA sales program.

Anthony Dutton, IBC’s President and CEO says:

“We are very pleased to have been approved and qualified to order from the DNSC.”  “This will allow future ordering and beryllium procurement flexibility and more options to meet customer demands. For our main business, IBC is extremely fortunate to have an excellent long standing primary commercial supply arrangement that supports our main production facilities. However, as our North American and international business continues to grow,” said Dutton, “we are focused on strengthening our supply chain management systems and production processes and look forward to working with the DNSC for additional beryllium supply.”

For complete news release, click here.

For IBC’s company profile, click here.

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