MONTREAL, Aug. 20 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP), a developer
and producer of high-purity metals and compounds for electronic
applications is pleased to announce that it has signed with Abound
Solar, Inc a long-term supply agreement. Under the terms of this
agreement, 5N Plus will provide to Abound Solar, cadmium telluride to be
used in the manufacturing of the company's next-generation thin-film
5N Plus President and Chief Executive Officer Jacques L'Écuyer stated,
"We are pleased to report that this agreement has been signed, following
the memorandum of understanding with Abound Solar that we announced in
January 2010. This agreement reinforces our position as the supplier of
choice for CdTe in the solar industry.
About 5N Plus Inc.
5N Plus Inc. draws its name from the purity of its products, 99.999%
(five nines or 5N) and more. We have our head office in Montreal,
Québec, and own two material subsidiaries which are 5N PV GmbH located
in Eisenhüttenstadt, Germany and Firebird Technologies Inc. located in
Trail, Canada. 5N Plus is a fully integrated producer and closed-loop
recycler of highly purified metals and compounds. We use a range of
proprietary and proven technologies to produce metals such as tellurium,
cadmium, germanium, indium, antimony, selenium and related compounds
such as cadmium telluride ("CdTe"), cadmium sulphide ("CdS") and indium
antimonide ("InSb"). Our products are critical precursors that customers
use in a number of electronic applications, including the
rapidly-expanding solar (thin-film photovoltaic) market, for which we
are a major supplier of CdTe, as well as the radiation detector and
infrared markets. Additional information about 5N Plus is available on
its Web site at href="http://www.5nplus.com/index.php/en/">
Notice Regarding Forward-Looking Statements
Certain statements in this press release may be forward-looking.
Forward-looking statements are based on the best estimates available to
the Company at the time and involve known and unknown risks,
uncertainties or other factors that may cause the Company's actual
results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements in order
to account for any new information or any other event. The reader is
warned against undue reliance on these forward- looking statements.
SOURCE 5N Plus Inc.
For further information: For further information:
President and Chief Executive Officer
5N Plus Inc.
+1 514 856 0644