IBC Engineered Materials Receives Purchase Order From UTC Aerospace Systems

IBC Advanced Alloys Corp. (TSX VENTURE:IB)

a leading advanced alloys and precision castings company, has received a purchase order from UTC Aerospace Systems, a unit of United Technologies Corp.

, to supply advanced Beralcast® components for critical imaging systems used on a variety of US and foreign military aircraft. The contract was signed with UTC Aerospace Systems' unit based in Danbury, Connecticut. Production on the new contract has begun at IBC's Wilmington, MA facility with the first components scheduled for delivery prior to IBC's 2015 fiscal year end of June 30. Terms of the order are not disclosed. "IBC is a leader in the casting of high performance optical targeting systems where weight savings and high modulus are critical performance factors," said Ray White, President of IBC's Engineered Materials division. "Our Beralcast® castable alloys are ideally suited to precision aerospace applications and can uniquely offer contractors cost effective solutions compared to machined components. We are delighted," continued White, "to be working with UTC Aerospace Systems and look forward to an opportunity to support them in additional programs." Beralcast alloys are ideally suited to many aerospace applications where lightweight, high modulus and cost are critical performance factors. Beralcast® alloys are three times stiffer and weigh 22% less than aluminum. Beralcast® alloys can be an engineered substitute for aluminum, magnesium, titanium, metal matrix composites, pure beryllium or powder metallurgy beryllium-aluminum materials in the appropriate applications. UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries. UTC Aerospace Systems supports a global customer base with significant worldwide manufacturing and customer service facilities. United Technologies Corp., based in Hartford, Connecticut, provides high technology products and services to the building and aerospace industries.