5N Plus Inc. (TSX:VNP), a developer and
producer of high-purity metals and compounds for electronic applications and Abound Solar, Inc
(formerly AVA Solar), a manufacturer of thin-film photovoltaic (PV) solar modules, have entered into a PV module recycling agreement and signed a memorandum of
understanding for the supply of 5N Plus products.
Under the terms of the recycling agreement, 5N Plus
will provide recycling services for solar modules and manufacturing scrap produced by Abound Solar.
The output of the 5N Plus recycling process will be recyclable glass and raw chemicals, ready to be
processed into new finished products.
Abound Solar has also signed a memorandum of understanding
(MOU) for the supply of semiconductor compounds from 5N Plus, to be used to manufacture the
company’s next-generation thin-film solar modules. The MOU is expected to lead to a long-term supply
agreement for products from 5N Plus to Abound Solar.
5N Plus President and CEO Jacques L’Écuyer stated, “This recycling agreement with
Abound Solar is in line with our strategy aimed at providing value to our customers as they develop
product stewardship schemes and aim to optimize product life cycles. We intend to continue to invest
in our new facility in Wisconsin to recycle Abound’s solar modules and expand our capabilities in this
area. Our relationship with Abound is further strengthened by our memorandum of understanding and
we are excited about the prospects of further developing our cadmium telluride and cadmium sulphide
business.”
“This extension of our relationship with 5N Plus will ensure that at end-of-life, our modules will
be recycled in the most sustainable manner and secure a long-term supply for our raw materials,” said
Abound Solar President and CEO, Tom Tiller. “5N Plus is a leading producer of semiconductor materials;
their expertise will maximize recycling yields and create a true cradle-to-cradle solution for the materials
used in our product.”
5N Plus has its head office in Montreal, Quebec. The company
focuses on specialty metals such as tellurium, cadmium and selenium and on related compounds such as
cadmium telluride and cadmium sulphide. The Company’s products are critical precursors in a number
of electronic applications, including the rapidly-expanding solar (thin-film photovoltaic) market, for
which 5N Plus is a major supplier of cadmium telluride, and the radiation detector market.
Abound Solar (www.abound.com) produces solar modules at its
manufacturing facility in Longmont, Colorado.
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