MONTREAL, May 5, 2014 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP), the leading
producer of specialty metal and chemical products, is pleased to
announce that it has completed the acquisition of all of the issued and
outstanding shares in the capital of AM&M Advanced Machine and
Materials Inc. ("AM&M").
AM&M is a Kanata, Ontario based corporation specialized in the
manufacturing of micron size metallic powders which can be used in a
variety of electronic markets, including solder powders for
increasingly demanding applications, silver-based powders for high
thermal conductivity interfaces, and CIGS powders for thin film solar
panels. The intellectual property and processing capabilities developed
by AM&M allows for the cost-effective and high-yield production of
spherical, low oxygen content powders with uniform particle size.
Mr. Jacques L'Ecuyer, President and Chief Executive Officer of 5N Plus,
said "We are pleased to have completed the acquisition of AM&M as we
immediately add new products to our existing offering as well as
benefit from the expertise of AM&M's executives. By combining AM&M's
technology with our family of high purity metals and alloys, we are
able to offer our customers a large array of custom-made powders
optimized for their specific needs. This investment is in line with our
growth strategy which includes developing opportunities further along
the value stream for our specialty metals".
Ms. Julia Chen, President and Chief Executive Officer of AM&M, said
"It's a perfect match as our world leading intellectual property is now
combined with 5N Plus' global sales force. I have confidence our unique
atomization technology can bring 5N Plus tremendous success."
About 5N Plus Inc.
5N Plus is the leading producer of specialty metal and chemical
products. Fully integrated with closed-loop recycling facilities, the
Company is headquartered in Montreal, Québec, Canada and operates
manufacturing facilities and sales offices in several locations in
Europe, the Americas and Asia. 5N Plus deploys a range of proprietary
and proven technologies to produce products which are used in a number
of advanced pharmaceutical, electronic and industrial applications.
Typical products include purified metals such as bismuth, gallium,
germanium, indium, selenium and tellurium, inorganic chemicals based on
such metals and compound semiconductor wafers. Many of these are
critical precursors and key enablers in markets such as solar,
light-emitting diodes and eco-friendly materials.
Forward-Looking Statements and Disclaimer
This press release may contain forward-looking information within the
meaning of applicable securities laws. All information and statements
other than statements of historical facts contained in this press
release are forward-looking information. Such statements and
information may be identified by words such as "about",
"approximately", "may", "believes", "expects", "will", "intends",
"should", "plans", "predicts", "potential", "projects", "anticipates",
"estimates", "continues" or similar words or the negative thereof or
other comparable terminology. Forward-looking statements are based on
the best estimates available to 5N Plus at this time and involve known
and unknown risks, uncertainties and other factors that may cause
5N Plus' actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. A description
of the risks affecting 5N Plus' business and activities appears under
the heading "Risk and Uncertainties" of 5N Plus' 2013 MD&A dated
February 25, 2014 available on SEDAR at www.sedar.com. No assurance
can be given that any events anticipated by the forward-looking
information in this press release will transpire or occur, or if any of
them do so, what benefits that 5N Plus will derive therefrom. In
particular, no assurance can be given as to the future financial
performance of 5N Plus. The forward-looking information contained in
this press release is made as of the date hereof and 5N Plus undertakes
no obligation to publicly update such forward-looking information to
reflect new information, subsequent or otherwise, unless required by
applicable securities laws. The reader is warned against placing undue
reliance on these forward-looking statements.
SOURCE: 5N Plus Inc.
For further information:
Vice President, Legal Affairs and Corporate Secretary
5N Plus Inc.
(514) 856-0644 x6178