15:33:19 EDT Tue 07 May 2024
Enter Symbol
or Name
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IBC Advanced Alloys Corp (3)
Symbol IB
Shares Issued 106,734,573
Close 2023-10-10 C$ 0.065
Market Cap C$ 6,937,747
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IBC Advanced appoints interim division president

2023-10-10 17:39 ET - News Release

Mr. Mark Smith reports

IBC ADVANCED ALLOYS ANNOUNCES MANAGEMENT CHANGE AT ITS BERYLLIUM-ALUMINUM ALLOYS DIVISION

IBC Advanced Alloys Corp. has appointed Ben Rampulla, IBC's chief technology officer, to replace the president of IBC's engineered materials division, Mark Doelling, on an interim basis. The engineered materials division operates the company's beryllium-aluminum casting facility in Wilmington, Mass.

Mr. Rampulla, who previously served as president of the engineered materials division, is a 40-year veteran of the investment casting and high-performance alloy manufacturing industry. Prior to joining IBC, he was director of engineering at Nu-Cast Inc., which produced investment castings of beryllium-aluminum and other alloys for aerospace and other industries. Previously, he worked for 29 years at Precision Castparts Corp., including serving as chief engineer at that company's aerospace materials foundry, a $40-million-a-year revenue-generating facility, and general manager of Wyman-Gordon Titanium Casting Corp. Earlier in his career, he held positions at Ingersoll-Rand and Hitchiner Manufacturing.

A Six Sigma black belt and Kaizan trainer, Mr. Rampulla received his bachelor of science in ceramic engineering from Rutgers University and is a graduate of the Whittemore School of Business's executive development program. He is the author of several peer-reviewed publications and previously served on the American Foundry Society's committee on investment casting and on the American Metals Society (AMS) material review board.

"We thank Mark Doelling for all of his hard work and dedication to IBC over the past several years," said Mark A. Smith, IBC chairman and chief executive officer, "and we wish him the best in all of his future endeavours."

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. IBC's copper alloys division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper and aluminum bronze. IBC's engineered materials division makes the Beralcast family of alloys, which can be precision cast, and are used in an increasing number of defence, aerospace, and other systems, including the F-35 joint strike fighter. IBC has production facilities in Indiana and Massachusetts. The company's common shares are traded on the TSX Venture Exchange under the symbol IB and the OTCQB under the symbol IAALF.

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