More Efficient Materials Enable Use of Thermoelectric Technology
In Wide Variety of Industrial, Automotive Applications
MONTREAL and NORTHVILLE, MI, Aug. 25 /CNW Telbec/ - 5N Plus Inc.
(TSX:VNP), a developer and producer of high-purity metals and compounds for
electronic applications and Amerigon Incorporated (NASDAQ: ARGN), a leader in
developing and marketing products based on advanced thermoelectric (TE)
technologies, today announced that they have established a partnership, to be
called "ZT Plus", to develop and manufacture advanced, more efficient
thermoelectric materials designed to enable the use of TE technology in a wide
variety of heating and cooling and power generation applications for
industrial, consumer, medical, electronics and automotive markets. Nicholas
Audet, Manager of Research and Development of 5N Plus, will lead the new
partnership in its initial stages.
This partnership between 5N Plus and Amerigon is intended to allow for
the completion of the development of these advanced materials and the creation
of innovative manufacturing capabilities to produce the materials in volume,
and in a cost-efficient manner. Amerigon's advanced technology subsidiary BSST
along with its university partners have performed extensive research into the
development of the next generation of TE materials. They have successfully
developed materials that significantly outperform the best presently available
5N Plus President and Chief Executive Officer Jacques L'Ecuyer said, "We
are a leader in specialty materials for the electronics industry and see a
unique opportunity to team-up with Amerigon, an industry leader in advanced
thermoelectric technologies. We believe this new relationship will allow us to
diversify and expand our business into additional high-growth markets with a
strong clean-technology focus, through, for example, waste heat recovery
applications. We are excited about these opportunities and as a result have
seconded Nicholas Audet, our Manager of Research and Development to the new
partnership to lead these activities in their early stages."
"Our partnership with 5N Plus combines the intellectual property and
expertise in thermoelectrics of Amerigon's BSST subsidiary, and its university
partners, with the experience in the purification, compounding and
manufacturing of thermoelectric materials of 5N Plus," said Lon E. Bell,
President of BSST. "The agreement grants BSST the right to purchase these new,
more efficient materials for early use in the automotive, power generation
from waste heat, and HVAC markets."
"This is an important milestone for Amerigon and allows us to continue
our global leadership in thermoelectric technology and to continue to bring
efficient, effective and practical thermoelectric solutions to market," said
Amerigon President and Chief Executive Officer Daniel R. Coker. "The
development of more efficient materials is the key to unlocking the vast
potential of our thermoelectric technology and to creating new products for a
broad variety of global markets."
Amerigon is the largest supplier of thermoelectric devices to the
automotive industry through the shipment of more than 4.6 million units of its
Climate Control Seat(R) (CCS(R)), the world's first thermoelectric-based
cooled and heated seat.
ZT Plus has been structured as a general partnership under the laws of
Delaware. The Joint Venture Partnership Agreement entered into between 5N Plus
and Amerigon's subsidiary BSST provides that 5N Plus will make an initial cash
contribution and BSST will assign certain contracts and intellectual property
to the partnership.
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, Québec,
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
photovoltaic) market, for which 5N Plus is a major supplier of cadmium
telluride, and the radiation detector and thermoelectric markets.
Amerigon (NASDAQ: ARGN) develops products based on its advanced,
proprietary, efficient thermoelectric (TE) technologies for a wide range of
global markets and heating and cooling applications. The Company's current
principal product is its proprietary Climate Control Seat(R) (CCS(R)) system,
a solid-state, TE-based system that permits drivers and passengers of vehicles
to individually and actively control the heating and cooling of their
respective seats to ensure maximum year-round comfort. CCS, which is the only
system of its type on the market today, uses no CFCs or other environmentally
sensitive coolants. Amerigon maintains sales and technical support centers in
Southern California, Detroit, Japan, Germany, England and Korea.
Certain matters discussed in this release are forward-looking statements
that involve risks and uncertainties, and actual results may be different.
Forward-looking statements are based on the best estimate available to 5N Plus
at the time and involve known and unknown risks, uncertainties or 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.
For further information:
For further information: Jacques L'Ecuyer, President and Chief Executive
Officer, 5N Plus Inc., (514) 856-0644, firstname.lastname@example.org