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5N Plus Semiconductors is awarded multi-year, U.S. Government contract for engineered materials linked to aerospace
5N Plus Semiconductors is awarded multi-year, U.S. Government contract for engineered mate...
About this update from 5n Plus Inc.
[{"type":"text","content":"\n\n\n\n5N Plus Semiconductors is awarded multi-year, U.S. Government contract for engineered materials linked to aerospace\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\nCanada NewsWire\nST. GEORGE, Utah, June 3, 2020\n\n\n\nST. GEORGE, Utah, June 3, 2020 /CNW Telbec/ - 5N Plus Inc. (\"5N Plus\" or \"the Company\"), a leading producer of specialty chemicals and engineered materials, announced today that its subsidiary, 5N Plus Semiconductors has signed a $12.45 million contract with the U.S. Government aimed at further advancing process and product technologies for specialty semiconductors required by U.S. satellite suppliers. As the sole domestic source of these critical products, over the next 39 months 5N Plus Semiconductors will address future technological requirements and enhance the sustainability of critical products required in the domestic supply chain for Space.\n\n \n \n \n \n \n \n\n \nThe leading global supplier of ultra-high-purity semiconductor materials, 5N Plus, enables many industries including, Renewable Energy, Medical Technology, Aerospace, Security and Surveillance along with certain Industrial applications. The Company has been building on its ultra-high-purity materials core competency and has partnered with key industry leaders to enable their next generation of products based on semiconductor materials from 5N Plus. The Space Industry is of strategic value for 5N Plus, as it enables the Company to remain at the forefront of product and process technologies while developing new applications in commercial markets based on advances from Space initiatives. 5N Plus believes these multifaceted technology applications are essential to ensuring the Company remains a sustainable supplier to the Space market. This also enables the Company to move further along the value chain, positioning 5N Plus for better access to new and larger markets.\nOver the past few years, 5N Plus has grown its product portfolio of engineered substrates. The Company has continued to invest in its Montreal and St. George sites, which collaborate seamlessly in managing multip...