VNP NEWS
posted on
Oct 20, 2010 01:00PM
Edit this title from the Fast Facts Section
MONTREAL, Oct. 20 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP), a leading
producer and provider of high-purity metals and compounds for
electronic applications, announced that its wholly owned subsidiary, 5N
Plus Corp, was awarded $500,000 in funding from the State Energy
Program of Wisconsin to support equipment purchases directed at
expanding its recycling activities and to create a new jobs in
DeForest, WI.
The 60,500 square-foot facility represents an investment of over $4
million and will be operational in the coming weeks. The facility will
recycle solar modules and manufacture specialty compounds for thin-film
PV applications.
Nicholas Audet, Vice President of 5N Plus, said "This new facility is an
important milestone for 5N Plus as it expands its footprint in
the United States. The DeForest plant enables us to recycle solar
panels and to provide cradle-to-cradle solutions to the PV industry. We
are thankful to the State Energy Program of Wisconsin for their support
of 5N Plus Corp."
About 5N Plus Inc. 5N Plus Inc. draws its name from the purity of its products, 99.999%
(five nines or 5N) and more. 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, cadmium sulphide and
indium antimonide. 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.