WILMINGTON, MASSACHUSETTS and VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 19, 2015) – IBC Advanced Alloys Corp. (OTCQX:IAALF)(TSX VENTURE:IB) (“IBC” or the “Company”), reports an unauthorized third party release of proprietary IBC information whereby material competitive business intelligence, as well as proprietary information regarding Beralcast, the Company’s beryllium aluminum casting process, was sent electronically by a large customer of the Company to a competitor of the Company.
The unauthorized releases occurred between July 10th and July 15th, 2015 and were identified during routine ongoing reviews of all email transmissions relating to the Company’s work with the customer. IBC’s President and Chief Executive Officer, Anthony Dutton, met with senior management of the customer to report the unauthorized releases and to register the Company’s concern.
IBC is currently working to minimize any disruptions to production and to assess whether or not there are any immediate or longer term damages. The Company has been assured by both parties that all communications, including attachments, were not forwarded to any additional recipients and have been destroyed in compliance with corporate protocols and all legal requirements.
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.
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