IBC to Present at IAEA Technical Meeting on Accident Tolerant Fuels
October 1, 2014 (Source: Marketwired) — IBC Advanced Alloys Corp. (TSX VENTURE:IB)(OTCQX:IAALF) will present a paper at the International Atomic Energy Agency’s (“IAEA”) Technical Meeting on Accident Tolerant Fuels for Light Water Reactors. The meeting is being hosted on October 13 – 17 at the Oakridge National Laboratory in Oakridge, Tennessee. IBC will use this opportunity to present its enhanced beryllium oxide fuel (“BeO”) to an international forum and to advance accident tolerant fuels, including its BeO fuel, for light water reactors.
James Malone, IBC’s Vice President of Nuclear Fuels, will present a paper on proposed industry safety guidance and assessment for prospective fuel technologies. The presentation encourages the nuclear community to implement processes to help assess safety performance for prospective fuel technologies, such as IBC’s BeO fuel, that could provide greater levels of accident tolerance in nuclear reactors. Such technologies could also improve both cost savings and greater production efficiencies for reactor operators.
“I am pleased to be representing IBC at the IAEA Technical Meeting on Accident Tolerant Fuel Concepts,” said James Malone, Vice President of Nuclear Fuels. “This meeting attracts centers of influence in the nuclear fuel community and provides the forum for a collaborative discussion of accident tolerant fuel designs, such as IBC’s BeO fuel, and to advance the design of new fuel materials.”
The Fukushima accident demonstrated an urgent need to improve fuel design and performance for better safety. Industry and governments are supporting alternative advanced fuel designs including increased accident tolerant fuel R&D initiatives. Because of this increasing awareness, 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.
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.
About IBC Advanced Alloys Corp.
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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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