News

21 June 2010

 

5N provides financing to Sylarus and enters Ge supply & recycling agreement

5N Plus Inc of Montreal, Canada, a producer and provider of high-purity metals and compounds for electronic applications, has agreed to subscribe convertible debt of Sylarus Technologies LLC of Saint George, UT, USA, which produces germanium substrates for manufacturing multi-junction photovoltaic cells. The financing is designed to help fund Sylarus’ expansion plans.

Concurrently, 5N Plus and Sylarus have also entered into a long-term supply and recycling agreement under which 5N Plus will provide high-purity germanium feedstock to Sylarus and will recycle germanium-containing residues from Sylarus' crystal growing and wafer manufacturing activities.

“Sylarus is one the very few germanium substrate suppliers used for high-efficiency solar cells in both space and terrestrial applications,” says 5N Plus president & CEO Jacques L’Écuyer. “This is an area of the solar market that we were not addressing through our existing product offering. Together with the supply and recycling agreement we entered into with Sylarus, this financing further strengthens our germanium-related activities and provides a valuable outlet for our subsidiary Firebird's line of products,” he adds.

Last December, 5N Plus acquired Firebird Technologies Inc of Trail, British Columbia, Canada, a manufacturer of compound semiconductor products and pure metals including indium antimonide (InSb) wafers as well as antimony, indium and tin pure metals, and germanium feedstock.

“5N Plus’ financing will enable us to more effectively implement our expansion plans,” comments Sylarus president Scott Mitchell. “In addition, Sylarus will be provided with a reliable and high-quality germanium feedstock and cost-effective recycling options... We expect a positive impact on our business from working with 5N Plus.”

Search: 5N Plus Germanium substrates

Visit: www.5nplus.com

Visit: http://sylarus.com