IBC Advanced Alloys and Inrad Optics Sign Memorandum of Understanding

IBC Advanced Alloys Corp. (TSXV:IB,OTCQX:IAALF) has signed a memorandum of understanding with Inrad Optics Inc. (OTCQX:INRD) to evaluate the technical and commercial viability of IBC’s proprietary Beralcast® alloys as an effective enhancement to its high quality of custom high performance advanced optic products.

As quoted in the press release:

Under the terms of the MOU, the parties have agreed to collaborate on mutually beneficial projects and evaluate the viability and commercialization of IBC’s proprietary Beralcast® alloys as a cost effective alternative substrate material for components of custom precision optical systems. This MOU builds on the successful results of an initial informal test project already completed between the two companies and demonstrates a long term commitment to materials optimization and manufacturing excellence.

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