5N Plus Subsidiary Awarded U.S. Defense Logistics Agency Strategic Materials Contract

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MONTREAL, Oct. 9, 2012 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) (the "Company"), the leading producer of specialty metal and chemical products, is pleased to announce that its 66.67% owned subsidiary Sylarus Technologies, LLC ("Sylarus"), located in St. George, Utah, has been awarded a US$1.32 million contract by the Defense Logistics Agency (DLA) to upgrade a portion of the National Defense Stockpile (NDS) high purity germanium metal inventory to unfinished germanium substrates for multifunction photovoltaic solar cells employed in National Security Space (NSS) applications.

Sylarus is the sole U.S. domestic space-qualified germanium substrate supplier to NSS customers, and is one of only two NSS-qualified germanium substrate suppliers worldwide. This award brings the total Sylarus U.S. Government contract award value to over US$10 million.

The DLA award is strategic in nature as Sylarus now becomes part of the U.S. NDS for strategic materials, with the potential for follow-on business both as a strategic metal supplier and NDS inventory manager.

About 5N Plus Inc.
5N Plus is the leading producer of specialty metal and chemical products. Fully integrated with closed-loop recycling facilities, the Company is headquartered in Montreal, Québec, Canada and operates manufacturing facilities and sales offices in several locations in Europe, the Americas and Asia. 5N Plus deploys a range of proprietary and proven technologies to produce products which are used in a number of advanced pharmaceutical, electronic and industrial applications. Typical products include purified metals such as bismuth, gallium, germanium, indium, selenium and tellurium, inorganic chemicals based on such metals and compound semiconductor wafers. Many of these are critical precursors and key enablers in markets such as solar, light-emitting diodes and eco-friendly materials.

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SOURCE: 5N PLUS INC.