Alloy Steel International, Inc. ("AYSI") (OTC-US: AYSI) announced the acquisition of core intellectual property utilized by AYSI in its production of key products. While AYSI's work to expand the product types and product specifications it offers continues and is supported by its internal R&D efforts, ownership of the core intellectual property for its primary Arcoplate product has resided with the Kostecki family from the time of AYSI's formation (the "Arcoplate IP"). For some years the Board has considered the acquisition of the Arcoplate IP if it would prove potentially beneficial to shareholder value moving forward. AYSI has accumulated cash for several years with this objective in mind. The acquisition of the Arcoplate IP effectively completes AYSI's core asset consolidation strategy allowing it to focus even more strongly on new product development activities and further supply rationalisation activities.