Ucore Announces Option to Purchase IBC Advanced Technologies, Inc. - Seite 2

"The IBC intellectual property and know-how comprises dozens of customized molecules in the existing SuperLig® product catalog," said Peter Manuel, Vice President & CFO of Ucore. "SuperLig® is an advanced nanotechnology. It represents best-of-breed American materials science and innovation, capable of appropriating metals in polymetallic environs with high precision, selectivity, speed and recovery. IBC and Ucore benefit from the advisory expertise of Dr. Reed M. Izatt, molecular recognition pioneer and Professor Emeritus of Brigham Young University, USA, as well as Dr. Jean Marie Lehn, Nobel Laureate and a Director of the Institut de Science et d'Ingénierie Supramoléculaires of the Université de Strasbourg, France. We're honored to be in the company of these giants in the field of macrocyclic science."

Prior Agreements

The completion of License Fee payments under the Company's previously announced Licensing Agreement with IBC (see Ucore Press Release dated March 3, 2015) in the amount of USD$2.9 million is a condition precedent to the execution of the Option Agreement. As of the current date, Ucore has already completed payments totaling USD$1.9 million against that total, with USD$1 million remaining outstanding.

The Licensing Agreement, calls for the creation of a joint venture ("JV") between the companies, whereby the JV would have the exclusive rights to IBC's Superlig® Molecular Recognition Technology for rare earth separation, certain recycling applications, and tailings processing applications.

Background of IBC

IBC Advanced Technologies, Inc. is an award-winning, green chemical selective separations company based on innovative MRT products. Headquartered in American Fork, Utah, with manufacturing facilities in Utah and Houston, Texas, IBC has supplied industrial, governmental and academic customers worldwide with environmentally friendly products, processes and services for over 29 years.

IBC specializes in MRT, utilizing green chemistry to achieve highly selective separations of metal ions in complex matrices. Based on Nobel Prize-winning technology (1987), IBC's proprietary products and processes are used worldwide by premier metals refining and mining companies such as Tanaka Kikinzoku K.K. (Japan), Asarco Grupo Mexico (USA), Impala Platinum Ltd. (South Africa), and Sino Platinum (China). The Japanese Government (Mitsubishi Research, Inc.) recently awarded to IBC a highly competitive subsidy grant, "Demonstration Project for Seawater Purification Technologies", concerning the selective separation of the radionuclides strontium and cesium from contaminated seawater at Fukushima, Japan.