News

26 March 2010

 

5N Plus promotes Audet to VP as it ends Amerigon partnership

5N Plus Inc of Montreal, Canada, a producer and provider of high-purity metals and compounds for electronic applications, has promoted Nicholas Audet to vice president, with operational and commercial responsibility for all of 5N Plus' activities, excluding those of its subsidiary Firebird Technologies.

Furthermore, the firm says that it has sold its entire interest in ZT Plus, which had been headed by Mr. Audet, to its partner in this venture BSST LLC, a subsidiary of Amerigon Incorporated. Financial terms of the transaction were not disclosed.

"Nicholas has been instrumental in our success through his leadership of our R&D activities, which included the development of our cadmium telluride technology.  More recently Nicholas was acting as managing director of our joint venture ZT Plus. Unfortunately the commercial progress of ZT Plus was slower to develop than anticipated. In addition, there were differences over the future business strategy between the two partners that could not be reconciled. Accordingly, it was mutually agreed that 5N Plus would sell its entire interest in the venture, which we have done today," said 5N Plus president and CEO Jacques L'Écuyer.

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