WILMINGTON, MASSACHUSETTS--(Marketwired - Jan. 20, 2016) -
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IBC Advanced Alloys Corp. (TSX VENTURE:IB)(OTCQX:IAALF) a leading advanced alloys and precision castings company has appointed Major General David Heinz as Chief Operating Officer of the Company. General Heinz has been a director of IBC since May 2011 and will remain on the board.
As Chief Operating Officer, General Heinz is responsible for the strategic direction, integration and coordination as well as driving the growth of IBC's two operational divisions, Copper Alloys and Engineered Materials. He will work closely with the presidents of both divisions, Mark Wolma and Chris Huskamp, and will divide his time between the Company's two operating divisions.
"IBC is at an important inflection point and I am excited by the opportunity to help drive sales capture and execution efficiency across the company to achieve profitability in the near term. IBC is a great team with outstanding products and I look forward to contributing both operationally and tactically to accomplish that goal," stated General Heinz.
"General Heinz has demonstrated outstanding leadership throughout his career, both in the military and the private sector and has also been a highly engaged director of IBC since his appointment in May 2011," said Anthony Dutton, the Company's CEO. "We are very excited to have the General in a more operational leadership role in which he will further develop and enhance our operating and business development processes. His experience and relationships in the aerospace industry are unparalleled," continued Dutton, "and we look forward to making significant advances in this sector especially.
Major General Heinz is a highly decorated retired senior U.S. Marine Corp. officer whose most recent military assignment was the as the Program Executive Officer (PEO) for the F-35 Lightning II Program in Arlington, VA. Major General Heinz has served in the U.S. military, in a variety of senior positions including systems avionics instructor at the U.S. Naval Test Pilot School, Regimental Air Officer to 1st Marine Regiment in Camp Pendleton, Deputy Department Head for the Aviation Weapons Systems Requirements Branch (APW) at Headquarters, Marine Corps and Deputy Director for Operations, National Military Command Center, J-3, Joint Staff, Pentagon.
Since retiring from the military General Heinz has held several senior positions in the private sector most recently as Chief Operating Officer of Ocean Power Technologies after originally joining the Company in January 2013 as Vice President of its Autonomous Power Division. Prior to this General Heinz was Vice President and General Manager of Maritime Systems at iRobot from September 2010 to October 2012 where he led a group of engineering, sales and manufacturing teams specializing in underwater autonomous vehicles which resulted in new products and markets, and significantly increased sales. His role focused on the development and implementation of business strategies for new sensors and products for oil and gas exploration.
About IBC Advanced Alloys Corp.
IBC is a leading advanced alloys and precision castings company serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 77 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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