IBC Advanced Alloys Corp. (“
IBC” or the
“
Company”) (TSX-V: IB; OTCQB: IAALF) is pleased to
announce that it named Ben Rampulla to serve as its Chief
Technology Officer, and has named Mark Doelling, a 30-year veteran
of the specialty alloy industry, to lead its Engineered Materials
(“
EM”) Division. The EM Division produces IBC’s
high-performance beryllium-aluminum alloy products for defense
systems and commercial applications such as semiconductor chip
manufacturing.
Ben Rampulla Promoted to Chief Technology
Officer
Mr. Rampulla, a 40+ year veteran of the investment
casting industry, has served as President of IBC’s EM division
since 2018. As Chief Technology Officer, he will lead a team
charged with developing new applications and markets for
beryllium-aluminum, beryllium-copper, and other strategic alloys.
The Company’s current array of alloy products can be seen
here.
Prior to joining IBC, Mr. Rampulla 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 Corporation, 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 Blackbelt and Kaizan trainer, Mr.
Rampulla received his B.S. in Ceramic Engineering from Rutgers
University and is a graduate of the Whittemore School of Business’
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.
Mark D. Doelling to Lead EM
Division
IBC has also appointed Mark D. Doelling as
President of the Company’s EM Division, replacing Mr. Rampulla. Mr.
Doelling has worked for more than 30 years to grow companies in the
turbine engine and industry markets that supply Original Equipment
Manufacturers (“OEMs”) such as GE Aviation, Siemens, Pratt &
Whitney, and Rolls Royce. Mr. Doelling has also provided consulting
services to major manufacturing companies such as Bescast,
Precision CastParts, Saudi Electric Corporation, Rotec, Honda Jet,
and Eaton Rotor. He served as President and Founder of Casting
Turbine Consulting LLC, President of Triax Turbine Components, and
President/Founder of Dynamic Turbine LLC. He also served in senior
management positions with Sermatech, Wyman Gordon Investment
Castings, and Precision Founders, Inc. Mr. Doelling received his
B.A. in Business Administration from Georgia Southern
University.
Additional Promotions
Announced
Rajeev Jain
A 17-year veteran of IBC’s Copper Alloys Division,
Mr. Jain has been promoted to Vice President of Sales and
Engineering, where he will promote highly technical market
solutions to customers worldwide. Formerly, he worked at Hussey
Copper for 10 years in various senior positions before joining
Nonferrous Products, which IBC acquired in October 2008. Rajeev
received a Bachelor of Engineering in Metallurgy in 1991 from
Rourkela, India, and received his MBA from the Kelley School of
Business at Indiana University in 2008.
Ken Shasteen
Mr. Shasteen has been promoted to Vice President of
Foundry Operations & Senior Metallurgist, where he will oversee
operations of the Copper Alloys Division’s new foundry operation in
Franklin, IN. Mr. Shasteen has worked for IBC since November 2000.
Prior to IBC, Ken worked for NGK Metals in Sweetwater, TN casting
beryllium copper alloys, and for Manufacturing Sciences Corporation
in Oak Ridge, TN recycling radioactive steel and depleted uranium
alloys. Ken earned his degree in Materials Science and Engineering
with a concentration in Metallurgy from the University of Tennessee
in 1994.
Nathan Dockocil
Mr. Dockocil has been promoted to Engineering
Manager, where he will manage and direct the activities of the
Engineering Department, which is responsible for new product
development, product quality, process control, scrap reduction, and
capital expenditures and justifications. Mr. Dockocil will also
work with customer design teams to improve product quality and
producibility. A Process/Product Engineer at IBC since 2018, Mr.
Dockocil formerly worked at PCC Structurals and Green Grid
Construction. He received his B.S. in Mechanical Engineering from
the University of New Hampshire.
“IBC has grown into one of the world’s leading
mission-critical alloy manufacturers because of our ability to
develop new and innovative products and technologies, and the Board
and I are enthusiastic about continuing to make appropriate
investments in new product development,” said Mark A. Smith, IBC’s
CEO. “With Ben Rampulla leading this effort as Chief Technology
Officer, I am confident that IBC is well positioned to continue
innovating and developing new products in close coordination with
our customers.”
“I am also very pleased to announce the appointment
of Mark Doelling as President of IBC’s Engineered Materials
Division,” Mr. Smith said. “Mark has already made significant
contributions to our rapidly growing beryllium-aluminum alloy
business and has several decades of experience in both
manufacturing investment cast products for defense and commercial
customers as well as helping to guide Fortune 1000 companies to the
right technology solution. He is an excellent choice to lead our EM
Division.”
“Finally, I am pleased to announce several
well-deserved management-level promotions for Rajeev Jain, Ken
Shasteen, and Nathan Dockocil,” he added. “These individuals are
extraordinarily talented and dedicated team members, and we look
forward to their continuing leadership and contributions to IBC’s
future growth.”
For more information on IBC and its innovative
alloy products, go here.
On Behalf of the Board of Directors:
"Mark Smith”
Mark Smith P.E., Esq., Chairman
Contacts:
Mark A. Smith, ChairmanJim Sims, Director of
Investor and Public Relations+1 (303) 503-6203 Email:
jim.sims@ibcadvancedalloys.com Website:
www.ibcadvancedalloys.com @IBCAdvanced $IB $IAALF #Beryllium
#Beralcast
About IBC Advanced Alloys
Corp.
IBC is a leading beryllium and copper advanced
alloys company serving a variety of industries such as defense,
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 defense, aerospace, and other systems, including the F-35
Joint Strike Fighter. IBC has production facilities in Indiana,
Massachusetts, Pennsylvania, and Missouri. The Company's common
shares are traded on the TSX Venture Exchange under the symbol "IB"
and the OTCQB under the symbol "IAALF".
Cautionary Statements
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.
Certain information contained in this news release
may be forward-looking information or forward-looking statements as
defined under applicable securities laws. Forward-looking
information and forward-looking statements are often, but not
always identified by the use of words such as "expect",
"anticipate", "believe", "foresee", "could", "estimate", "goal",
"intend", "plan", "seek", "will", "may" and "should" and similar
expressions or words suggesting future outcomes. This news release
includes forward-looking information and statements pertaining to,
among other things, IBC’s expectations of developing new products
and experiencing growth in the business. Forward-looking statements
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 or its customers operate, including the semiconductor
manufacturing and oil and gas industries, risks associated with
manufacturing activities, 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. As a
result of these risks and uncertainties, 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.
Please see “Risks Factors” in our Annual
Information Form available under the Company’s profile at
www.sedar.com, for information on the risks and uncertainties
associated with our business. Readers should not place undue
reliance on forward-looking information and statements, which speak
only as of the date made. The forward-looking information and
statements contained in this release represent our expectations as
of the date of this release. We disclaim any intention or
obligation or undertaking to update or revise any forward-looking
information or statements whether as a result of new information,
future events or otherwise, except as required under applicable
securities laws.
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