News

20 August 2010

 

5N Plus signs long-term CdTe supply agreement with Abound Solar

5N Plus Inc of Montreal, Canada, a provider of high-purity metals and compounds for electronic applications, has signed a long-term supply agreement to provide cadmium telluride (CdTe) to Abound Solar Inc of Loveland, CO, USA for the manufacture of its thin-film photovoltaic modules.

“This agreement has been signed, following the memorandum of understanding with Abound Solar that we announced in January,” says 5N Plus’ president & CEO Jacques L’Écuyer, who adds that the agreement reinforces 5N Plus’ position as a supplier of CdTe to the solar industry.

5N Plus said in January that it would provide recycling services for solar modules and manufacturing scrap produced by Abound (with the output being recyclable glass and raw chemicals, ready to be processed into new finished products).

Earlier this year in March, via its subsidiary 5N PV GmbH of Eisenhüttenstadt, Germany, the firm also signed a long-term supply and recycling agreement with CdTe thin-film PV module maker Calyxo GmbH of Bitterfeld-Wolfen, Germany.

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5N’s profits still down despite further revenue growth

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Visit: www.5nplus.com

Visit: www.abound.com