VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 16, 2015) -
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IBC Advanced Alloys Corp. (TSX VENTURE:IB) (OTCQX:IAALF), a leading advanced alloys and precision castings company, which also supports a nuclear fuels R&D initiative, will present a technical paper at the Characterization and Quality Control of Nuclear Fuels ("CQCNF 2015") Conference in Hyderabad, India on December 1-3, 2015. The conference is sponsored by the Indian Nuclear Fuel Complex, a central industrial unit of India's Department of Atomic Energy which manages 21 nuclear power reactors in India.
"The theme of the 2015 conference is Nuclear Fuels - Recent Advances in Quality, Safety and Productivity which is a perfect fit for IBC's BeO fuel", said Jim Malone, IBC's VP Nuclear Fuels. "IBC will present the benefits of BeO to enhance thermal conductivity," continued Malone, "as well as describe the fuel fabrication process and the improved thermal conductivity resulting from BeO additions. The paper is co-authored between IBC, Sean McDeavitt, Jean Ragusa, J. Smith and C. Garcia from the Department of Nuclear Engineering at Texas A&M University."
IBC's paper, entitled "Behavior Assessments for UO2-BeO Enhanced Conductivity Fuels" will be presented by Mr. Jim Malone, IBC's VP of Nuclear Fuels and previously VP Nuclear Fuels at Exelon Generation. The paper will reference IBC's BeO fuel and pressurized heavy water reactors. India operates 21 pressurized heavy water reactors and fuel for these reactors is designed and manufactured by the Indian Nuclear Fuel Complex. Pressurized heavy water reactors operate in China, Romania, South Korea, Argentina, Pakistan and India. Canada is the largest user of pressurized heavy water reactors and this reactor type was first developed and deployed in Canada where they are known as CANDU reactors.
"IBC is honoured to present at the CQCNF 2015 Conference and to meet with both industry participants and potential research and commercial partners," said Anthony Dutton, IBC's President and CEO. "IBC's nuclear fuel R&D initiative holds enormous potential to improve the safety and economics of the nuclear industry and we are excited to discuss the next phase of our research efforts, especially as they relate to pressurized heavy water reactors, with our colleagues."
The conference is being organized by the Nuclear Fuel Complex with the International Atomic Energy Agency (IAEA) and will be attended by centers of influence in the nuclear industry including Cameco, Areva, Ontario Power and others. Participants will share practices, recent developments and future trends in nuclear fuels. The Nuclear Fuel Complex is the world's largest fuel production facility for pressurized heavy water fuel assemblies where uranium fuel, zirconium alloy cladding and reactor core components are manufactured under one roof.
IBC's sponsored R&D at Purdue University and Texas A&M University focuses on the structure and composition of BeO enhanced fuel to improve fuel performance including longer life, more stability, improved safety and better thermal conductivity. IBC is in discussions with a number of potential nuclear industry partners to explore and discuss the next phase of its BeO fuel R&D, including irradiation requirements and testing of the fuel in test reactors.
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.
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing activities therefore the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.
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