IBC Advanced Alloys reports unauthorized third party release of proprietary information

IBC Advanced Alloys Corp., an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products, reports an unauthorized third party release of proprietary IBC information whereby material competitive business intelligence, as well as proprietary information regarding Beralcast, the company's beryllium aluminum casting process, was sent electronically by a large customer of the company to a competitor of the company.

The unauthorized releases occurred between July 10th and July 15th, 2015 and were identified during routine ongoing reviews of all email transmissions relating to the company's work with the customer. IBC's President and Chief Executive Officer, Anthony Dutton, met with senior management of the customer to report the unauthorized releases and to register the company's concern.

IBC is currently working to minimize any disruptions to production and to assess whether or not there are any immediate or longer term damages. The company has been assured by both parties that all communications, including attachments, were not forwarded to any additional recipients and have been destroyed in compliance with corporate protocols and all legal requirements.

IBC is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.