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5N Plus Inc.

TSX:VNPLive AI agent

5N Plus is a leading global producer of specialty semiconductors and performance materials.

Investor website: https://5nplus.com/

About

5N Plus is a leading global producer of specialty semiconductors and performance materials. The company deploys proprietary and proven technologies to develop and manufacture advanced materials that are often core components of customers’ products. Headquartered in Montréal, Quebec, Canada, 5N Plus has R&D, manufacturing, and commercial centres located in North America, Europe, and Asia. Since its founding in 2000, the company has pursued sustainable growth and aims to be a critical supplier to sectors essential to a sustainable future.

Verified company data

Cash position
$59,573
Shares outstanding
88,330,236
Fully diluted shares
90,493,493
Projects
["5N Plus Inc. (TSX:VNP) (“5N Plus” or the “Company”), a leading global producer of specialty semiconductors and performance materials, is pleased to announce that it has successfully renewed and increased its multi-year agreement with First Solar, Inc. (“First Solar”) (NASDAQ:FSLR) for the supply of semiconductor materials associated with the manufacturing of thin-film photovoltaic (PV) modules. This latest agreement is the largest award to date and signals a transition to higher volumes of value-added compound semiconductor materials. In-line with First Solar’s recently announced growth plans, annual volume is expected to increase by 35% in 2023 and by more than 100% in 2024 from current levels. As with previous agreements, the contract is structured asymmetrically allowing 5N Plus to make the necessary planned investments in its Montreal facility to significantly increase the domestic supply of materials to the North American market by late 2023, incrementally to its current international offering. Investments in 5N Plus manufacturing assets to increase production capacity will be in addition to those already being made to consolidate the Company’s recycling and refining activities in Montreal. The Company is also expanding the development and manufacturing of critical materials, including advanced semiconductor compounds and engineered powders used in solar, medical and security technologies, at this location."]
Leadership
Gervais Jacques (Executive Chair), Luc Bertrand (Lead Independent Director - Chairman of the Governance and Compensation Committee - Member Audit and Risk Management), Michael Hanley (Independent - Chair of the Audit and Risk Management Committee), Blair Dickerson (Independent - Member of the Governance and Compensation Committee), Andrée-Lise Méthot (Independent - Member of the Governance and Compensation Committee - Member of the Audit and Risk Management Committee), Richard Perron (President and Chief Executive Officer), Alban Fournier (Chief Financial Officer), Paul Tancell (Executive Vice President, Performance Materials), Roland Dubois (Chief Commercial Officer and Executive Vice President, Specialty Semiconductors)

Verified data last updated:

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