MONTREAL, July 29 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP) is pleased to
announce that its new German facility is now operational. The facility will
begin shipments of cadmium telluride and other products as well as recycling
activities in accordance with 5N Plus' contractual obligations, which called
for commercial operations to be achieved by July 31st, 2008. The facility is
owned and operated by 5N PV GmbH, a wholly-owned German subsidiary of 5N Plus,
and is located in Eisenhuttenstadt, in the state of Brandenburg.
"We are extremely pleased that our new German facility is now operational
and that we have met both our cost objectives and the very tight schedule that
we initially laid out" commented Mr. Jacques L'Ecuyer, President and Chief
Executive Officer of 5N Plus. Mr. L'Ecuyer added, "This international
expansion has been a huge undertaking for 5N Plus and we are delighted by the
outcome. We take this opportunity to thank the 42 employees of our new German
subsidiary for their hard work and welcome them to the 5N Plus team. We would
also like to thank the many employees of 5N Plus who have been involved in the
construction and commissioning of our new facility".
About 5N Plus Inc.
5N Plus draws its name from the purity of its products, 99.999% (five
nines or 5N) and more. 5N Plus, which has its head office in Montreal, Quebec,
develops and produces high-purity metals and compounds for electronic
applications and provides its customers with recycling solutions. The Company
is an integrated producer with both primary and secondary refining
capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium
and selenium and on related compounds such as cadmium telluride and cadmium
sulphide. The Company's products are critical precursors in a number of
electronic applications, including the rapidly-expanding solar (thin-film
photovoltaics) market, for which 5N Plus is a major supplier of cadmium
telluride, and the radiation detector market.
Additional information about 5N Plus is available on its Web site at
For further information:
For further information: Jacques L'Ecuyer, President and Chief Executive
Officer, 5N Plus Inc., (514) 856-0644, firstname.lastname@example.org