5N Plus receives regulatory approval to acquire AZUR SPACE

Acquisition Uniquely Positions the Company as a Provider of Critical Specialty Semiconductor Products

MONTREAL, October 27, 2021 / CNW Telbec / – 5N Plus inc. (TSX: VNP) (“5N Plus” or the “Company”), a leading global producer of specialty semiconductors and performance materials, today announced that it has received the necessary approval from the relevant regulatory authorities to acquire all issued and outstanding shares (the “Transaction”) of AZUR SPACE Solar Power GmbH (“AZURE”). The company expects the transaction to close in the coming weeks.

“The acquisition of AZUR is a key part of 5N Plus’ strategic transformation towards critical materials technology,” said Arjang Roshan, President and CEO of 5N Plus. “AZUR’s cutting-edge space technology and exceptional talent firmly and uniquely position our company as a leader in specialty semiconductors and technical substrates at a time when these technologies are of paramount importance. “

Located in Heilbronn, Germany, AZUR is a world leader in the development and manufacture of multi-junction solar cells based on III-V compound semiconductor materials. With nearly 60 years of leadership in manufacturing space solar cells based on advanced semiconductor technology, AZUR has a proven track record of success, backed by nearly 120 patent families and a team of highly skilled employees. qualified.

“We are very excited that AZUR and 5N Plus are getting together,” said Jürgen Heizmann, CEO of AZUR, who will join the 5N Plus executive committee pending closure. “The long-standing trust and mutual respect between our companies will ensure a successful integration, the results of which will open a well of untapped potential to serve critical and growing markets. “

As an established global leader in the development and manufacture of II-VI compound semiconductor materials, 5N Plus has expanded its value chain to include the growth and manufacture of a variety of semiconductor crystals and semiconductor wafers. -compound conductors. AZUR’s vertical integration into 5N Plus creates a global company with a unique ecosystem across the specialty semiconductor value chain, from sourcing and processing critical materials to manufacturing finished epitaxy-designed substrates .

This unique ecosystem – the Specialty Semiconductor Triad (“Triad”) – is spread over three sites in Canada, Germany and United States. The Triad enables 5N Plus to provide competitive and customized solutions to a number of critical industries. This transaction should benefit the Company’s current activities in the renewable energy, security and space sectors, while also allowing 5N Plus to enter new markets such as high power electronics, electric mobility, wireless charging and advanced communications.

“The addition of AZUR to the 5N Plus family will make a significant contribution to our electronic materials business,” said Richard Perron, CFO of 5N Plus. “AZUR is an established company backed by sustainable operating activities and relatively low integration complexity. enable future growth. “

About 5N Plus inc.
5N Plus is one of the world’s leading producers of specialty semiconductors and performance materials. The Company’s ultra-pure materials are often the backbone of its customers’ products. These customers rely on 5N Plus products to ensure the performance and durability of their own products. 5N Plus deploys a range of proprietary and proven technologies to develop and manufacture its products. The Company’s products enable a variety of applications in a number of key industries, including renewable energy, security, space, pharmaceuticals, medical imaging, and industrial and additive manufacturing. Based at Montreal, Quebec, 5N Plus operates R&D, manufacturing and sales centers in strategically located facilities around the world, including Europe, North America and Asia. The Company’s mission is to be critical of its customers, appreciated by its employees and worthy of the trust of its shareholders. The Company’s core values ​​focus on integrity, customer engagement and development, as well as sustainability, continuous improvement, health and safety. www.5nplus.com

Forward-looking statements and disclaimer
Certain statements contained in this press release may be forward-looking within the meaning of applicable securities laws. Forward-looking information and statements are based on the best estimates available to the Company at the time and involve known and unknown risks, uncertainties or other factors that may cause the actual results, performance or achievements of the Company to be Company are materially different from the future results, performances or achievements expressed or implied by these forward-looking statements. A description of the risks affecting the business and activities of the Company appears under the heading “Risks and uncertainties” of the 5N Plus 2020 management report dated February 23, 2021, Available on www.sedar.com.

Forward-looking statements can generally be identified by the use of terms such as “could”, “should”, “would”, “believe”, “expect”, the negative of these terms, variations thereof. or similar terms. No assurance can be given that the events anticipated by the forward-looking information contained in this press release will or will occur, or if any of them do, what benefits 5N Plus will derive from them. In particular, no assurance can be given as to the future financial performance of 5N Plus. The forward-looking information 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 not, unless securities laws applicable movable property require it. The reader is cautioned not to place undue reliance on these forward-looking statements.

SOURCE 5N Plus inc.


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