MONTREAL, Oct. 16,
2024 /CNW/ - 5N Plus Inc. (TSX: VNP) ("5N+" or the
"Company"), a leading global producer of specialty semiconductors
and performance materials, is proud to announce that solar cells
produced by its wholly-owned subsidiary, AZUR SPACE Solar Power
GmbH ("AZUR"), are enabling the Europa Clipper, NASA's largest
spacecraft ever built for planetary exploration. The spacecraft
took flight on Monday with the mission to determine whether
Jupiter's icy moon Europa has the potential to support life.
"We are immensely proud to have our high-efficiency solar cells
once again powering a critical mission, demonstrating AZUR's strong
expertise and ability to push the boundaries of solar cell
technology for deep space exploration. The world's leading space
agencies continue to choose AZUR as a trusted partner and our
high-performing solar cells which enable the generation of solar
power in the extreme cold, dark and harsh conditions of Jupiter as
well as many other environments, such as missions close to the sun
and various Earth Orbits," said Gervais
Jacques, President and CEO, 5N+.
AZUR's triple-junction solar cells (3G-LILT) were embedded
in the Europa Clipper spacecraft's massive solar arrays. These
solar-cell covered 'wings' are critical for utilizing the maximum
amount of sunlight possible to generate power, as Europa Clipper
will receive only 3% to 4% of the sunlight that reaches Earth due
to Europa's distance from the Sun. The selected AZUR solar cells
are specifically designed to function in one of the most extreme
environments in our solar system, with conditions characterized by
intense particle radiation, low sunlight intensity and low
temperature ("LILT"). Prior to NASA, the European Space Agency also
relied on these same solar cells for their Jupiter Icy Moons
Explorer (Juice) mission spacecraft, which launched in 2023.
"I would like to extend my deepest appreciation and
congratulations to the entire team for this latest achievement in
partnership with NASA, which further cements AZUR's strong global
leadership and expertise in advanced solar cell technology for
space solar power applications," concluded Mr. Jacques.
About 5N+
5N+ is a leading global producer of
specialty semiconductors and performance materials. The Company's
ultra‐pure materials often form the core element of its customers'
products. These customers rely on 5N+'s products to enable
performance and sustainability in their own products. 5N+ deploys a
range of proprietary and proven technologies to develop and
manufacture its products. The Company's products enable various
applications in several key industries, including renewable energy,
security, space, pharmaceutical, medical imaging and industrial.
Headquartered in Montreal, Quebec,
5N+ operates R&D, manufacturing and commercial centers in
strategically located facilities around the world including
Europe, North America and Asia.
Forward‐Looking Statements
Certain statements in this
press release may be forward‐looking within the meaning of
applicable securities laws. Such forward‐looking statements are
based on a number of estimates and assumptions that the Company
believes are reasonable when made, including that 5N+ will be able
to retain and hire key personnel and maintain relationships with
customers, suppliers and other business partners, that 5N+ will
continue to operate its business in the normal course, that 5N+
will be able to implement its growth strategy, that 5N+ will be
able to successfully and timely complete the realization of its
backlog, that 5N+ will not suffer any supply chain challenges or
any material disruption in the supply of raw materials on
competitive terms, that 5N+ will be able to generate new sales,
produce, deliver, and sell its expected product volumes at the
expected prices and control its costs, as well as other factors
believed to be appropriate and reasonable in the circumstances.
However, there can be no assurance that such estimates and
assumptions will prove to be correct. These statements are not
guarantees of future performance and involve assumptions, risks and
uncertainties that are difficult to predict and may cause the
Company's actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by such forward‐looking
statements. A description of the risks affecting the Company's
business and activities appears under the heading "Risk and
Uncertainties" of the Company's 2023 MD&A dated
February 27, 2024, and note 10 of the unaudited condensed
interim consolidated financial statements for the three and
six-month periods ended June 30, 2024
and June 30, 2023 available on
www.sedarplus.ca.
Forward‐looking statements can generally be identified by the
use of terms such as "may", "should", "would", "believe", "expect",
the negative of these terms, variations of them or any similar
terms. No assurance can be given that any events anticipated by the
forward‐looking statements in this press release will transpire or
occur, or if any of them do so, what benefits that 5N+ will derive
therefrom. In particular, no assurance can be given as to the
future financial performance of 5N+. The forward‐looking statements
contained in this press release is made as of the date hereof and
the Company has no obligation to publicly update such
forward‐looking information to reflect new information, subsequent
or otherwise, unless required by applicable securities laws. The
reader is warned against placing undue reliance on these
forward‐looking statements.
SOURCE 5N Plus Inc.