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5N Plus Inc. Extends Supply Agreements with First Solar, Increases Minimum Quantities to be Ordered

^{Published on 2009-06-24 08:00:39, Last Modified on 2009-06-24 08:01:07 - Market Wire}
 

 MONTREAL, June 24 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP) today announced the extension of its supply agreements with First Solar, Inc. pursuant to which 5N Plus provides cadmium telluride and cadmium sulphide to First Solar from 5N Plus' facilities in Montreal and Germany. Pursuant to the amendments, the supply agreements are being extended until July 31, 2013, representing one additional year. The agreements have also been amended to increase by 50% the minimum prescribed quantities of cadmium telluride to be ordered by First Solar for the remaining term of the agreements. 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 photovoltaic) 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 [ www.5nplus.com ].

For further information: Jacques L'Ecuyer, President and Chief Executive Officer, 5N Plus Inc., (514) 856-0644, [ Jacques.Lecuyer@5nplus.com ]