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IBC Advanced Alloys and Purdue University Extend Nuclear Fuel Research Agreement and Present Paper to American Nuclear Society
The Company is also pleased to announce that it has been invited to present its beryllium oxide nuclear fuel research findings to-date at a meeting sponsored by the American Nuclear Society (ANS); the European Nuclear Society (ENS); the Atomic Energy Society of Japan (AESJ); and the Korean Nuclear Society (KNS) on September 28, 2010. This is the first presentation of this kind by IBC and will take place in Orlando, Florida at the 2010 Top Fuels Light Water Reactor Fuel Performance Meeting.
Current work by Purdue and Texas A&M nuclear engineers has shown that an advanced beryllium oxide (UO2 -- BeO) nuclear fuel could potentially result in significant annual savings by lasting longer and burning more efficiently than conventional nuclear fuels. In addition to the cost savings, an advanced UO2 -- BeO nuclear fuel could also contribute significantly to the operational safety of both current and future nuclear reactors due to its superior thermal conductivity. The improved thermal conductivity allows the fuel to operate at lower temperatures which implies less stored energy in the case of upset conditions.
"We are very pleased and encouraged with the results of our collaborative research to date and are honored to have been invited to present our findings at the prestigious TopFuel conference in Orlando," said Anthony Dutton, President and CEO of IBC. "We are committed to enhanced BeO fuels and believe they will be the foundation of a more efficient, economically sound and safer nuclear power industry. We are looking forward to presenting our findings," continued Mr. Dutton, "and to discussing our work with industry peers and potential future partners."
An enhanced thermal conductivity UO2 -- BeO fuel would decrease maximum fuel temperatures and facilitate a reduction in pellet cladding interaction through lessening thermal stresses that result in fuel cracking, relocation and swelling. Additionally, fission gas release would be decreased allowing for higher fuel burn-up and reactor safety would be greatly improved with a faster thermal response and less stored energy in the fuel pins. By operating at a lower temperature fuel will theoretically last longer and burn up more of the fuel, which is very important from an economic point of view. In addition, lower temperatures also mean safer, more flexible reactor operation.
About IBC Advanced Alloys Corp.
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 Pennsylvania, Indiana, Massachusetts and Missouri. Additionally, IBC owns prospective beryllium properties in the Western US covering approximately 9,500 hectares. 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". See IBC on Facebook.
IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
Legal Notice Regarding Forward Looking Statements
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, 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 operations and mineral exploration, therefore the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements will transpire. 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.