MONTREAL, July 9, 2013 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP), the
leading producer of specialty metal and chemical products, announces
that it has signed an exclusive option to acquire all of the issued and
outstanding shares in the capital of AM&M Advanced Machine and
Materials Inc. ("AM&M").
AM&M is a Kanata, Ontario based corporation specialized in the
manufacturing of micron size metallic powders which can be used in a
variety of electronic markets, including solder powders for
increasingly demanding applications, silver-based powders for high
thermal conductivity interfaces, and CIGS powders for thin film solar
panels. The intellectual property and processing capabilities developed
by AM&M allows for the cost-effective and high-yield production of
spherical, low oxygen content powders with uniform particle size.
« Upon completion of the acquisition of AM&M, we will immediately add
new products to our existing offering as well as benefit from the
expertise of AM&M's executives. Combining AM&M's technology with our
family of high purity metals and alloys, we will be able to offer our
customers a large array of custom-made powders optimised for their
specific needs. This investment is in line with our growth strategy
which includes developing opportunities to promote our specialty metals
further along the value stream », said Mr. Nicholas Audet, Vice
President Business Unit - Electronic Materials of 5N Plus.
5N Plus will immediately start the promotion and distribution of AM&M's
products via its global sales force. Closing of the transaction is
subject to due diligence and other standard conditions customary to a
transaction of this nature.
About 5N Plus Inc.
5N Plus is the leading producer of specialty metal and chemical
products. Fully integrated with closed‐loop recycling facilities, the
Corporation is headquartered in Montreal, Quebec, Canada and operates
manufacturing facilities and sales offices in several locations in
Europe, the Americas and Asia. 5N Plus deploys a range of proprietary
and proven technologies to produce products which are used in a number
of advanced pharmaceutical, electronic and industrial applications.
Typical products include purified metals such as bismuth, gallium,
germanium, indium, selenium and tellurium, inorganic chemicals based on
such metals and compound semiconductor wafers. Many of these are
critical precursors and key enablers in markets such as solar,
light‐emitting diodes and eco‐friendly materials.
Forward‐Looking Statements and Disclaimer
This press release may contain forward‐looking information within the
meaning of applicable securities laws. All information and statements
other than statements of historical facts contained in this press
release are forward‐looking information. Such statements and
information may be identified by words such as "about",
"approximately", "may", "believes", "expects", "will", "intends",
"should", "plans", "predicts", "potential", "projects", "anticipates",
"estimates", "continues" or similar words or the negative thereof or
other comparable terminology. Forward‐looking statements are based on
the best estimates available to 5N Plus at this time and involve known
and unknown risks, uncertainties and other factors that may cause 5N
Plus' 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 5N Plus' business and activities appears under
the heading "Risk and Uncertainties" of 5N Plus' 2012 MD&A dated March
28, 2013 and Note 13 of the unaudited interim condensed consolidated
financial statements for three‐month periods ended March 31, 2013 and
2012 available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the
forward‐looking information in this press release will transpire or
occur, or if any of them do so, what benefits that 5N Plus will derive
therefrom. 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 5N
Plus undertakes 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.
