Mr. Mark Smith reports

IBC ADVANCED ALLOYS RECEIVES NEW ORDERS FOR ITS BERYLLIUM-ALUMINUM ALLOY PRODUCTS FROM A LEADING GLOBAL MANUFACTURER OF SEMICONDUCTOR ASSEMBLY EQUIPMENT

IBC Advanced Alloys Corp. has received new orders of high performance beryllium-aluminum alloy parts made from IBC's proprietary Beralcast material from a leading global manufacturer of semiconductor and electronics assembly equipment. Orders for calendar fourth quarter 2019, made under an existing exclusive supply agreement between IBC and the semiconductor assembly equipment manufacturer, are valued at approximately $400,000 (U.S.). The company expects further orders in subsequent quarters.

The parts that IBC makes for this customer are used in automated assembly equipment that produce cutting-edge semiconductor chips. In addition to new orders of parts under an existing design, IBC also received orders from the customer for a newly designed beryllium-aluminum part on which IBC and the customer have been collaborating over the past year. The new part is designed to support the customer's plans to modernize its current product line and potentially expand its business.

Orders for Beralcast parts from this customer have trended down over the past several quarters because of market conditions in the semiconductor industry, but appear to be strengthening once again.

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 than aluminum with 22 per cent less weight, and can be substituted for aluminum, magnesium, titanium, metal matrix composites, as well as pure beryllium or powder metallurgy beryllium-aluminum.

"IBC's Beralcast material is uniquely suited to meeting the demanding performance specifications and critical tolerances that are often required in the robotics, precision manufacturing and automated assembly industries," said Mark A. Smith, chairman of the board of IBC. "The fact that our Beralcast products are so lightweight and stiff and have excellent thermal characteristics makes them uniquely situated for use in these industries. We are pleased to see this particular business ramping back up again."

About IBC Advanced Alloys Corp.

IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defence, aerospace, automotive, telecommunications, precision manufacturing and others.

We seek Safe Harbor.