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5N Plus Secures Multi-Year Semiconductor Supply Contracts in the Renewable Energy Sector
5N Plus Secures Multi-Year Semiconductor Supply Contracts in the Renewable Energy Sector ...
About this update from 5n Plus Inc.
[{"type":"text","content":"\n \n \n \n 5N Plus Secures Multi-Year Semiconductor Supply Contracts in the Renewable Energy Sector\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n MONTREAL, Nov. 12, 2020\n \n \n \n \n \n MONTREAL\n \n ,\n \n Nov. 12, 2020\n \n /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) (\"5N Plus\" or the \"Company\"), a leading producer of engineered materials, announced today that it has secured multi-year contracts for the supply of semiconductor materials associated with the manufacturing of thin-film photovoltaic (PV) modules by First Solar, Inc. (Nasdaq: FSLR).\n \n \n The terms of these contracts are structured asymmetrically with lower volumes anticipated in the earlier period of the contract. 5N Plus has been a key supplier of semiconductor materials to First Solar, Inc., since 2007 and over this period several long-term contracts have been signed and successfully executed between the two companies.  During this period 5N Plus has become the world leading supplier of engineered semiconductor compounds to the thin-film Renewable Energy Industry, enabling its customers to deliver reliable and cost-effective solutions to the market.\n \n \n 5N Plus semiconductor materials are imbedded in First Solar's Series 6 module in a specialty semiconductor stack which is 33 times thinner than the thickness of a human hair. The Series 6 module has a carbon footprint that is up to six times lower and a water footprint that is up to 24 times lower than crystalline silicon PV panels. Given the fact that a large portion of 5N Plus' production activity related to these semiconductor compounds is powered by renewable energy, Series 6 modules produced with 5N Plus semiconductor thin-film materials deliver the lowest carbon solar available today.\n \n \n \n Nicholas Audet\n \n , Executive Vice President – Electronic Materials, commented \"We are pleased to continue building a strong relationship with First Solar based on many years of successful and proven partnership between our two companies.  The signing of the most recent long-term agreement...