23:05:27 EDT Thu 02 May 2024
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5N Plus Inc
Symbol VNP
Shares Issued 88,454,724
Close 2023-08-10 C$ 3.91
Market Cap C$ 345,857,971
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5N Plus's Azur tech used in Chandrayaan-3 lunar mission

2023-08-11 11:10 ET - News Release

Mr. Gervais Jacques reports

5N PLUS SOLAR CELLS POWERING CHANDRAYAAN-3

Solar cell technology produced by 5N Plus Inc.'s wholly owned subsidiary, Azur Space Solar Power GmbH, is being used in the third and most recent Indian Space Research Organisation (ISRO) lunar exploration mission.

"Azur solar cell technology is in high demand, and we are especially excited to have it included in the Chandrayaan-3 mission as it powers all aspects of the travel, landing and exploration. The 3G30-Advanced is Azur's latest qualified solar cell product and provides the highest end-of-life efficiencies in space. With various configurations in production, our Azur R&D [research and development] team continues to exceed client expectations with their ability to address challenging conditions with unique solutions," said Gervais Jacques, president and chief executive officer of 5N Plus.

Launched on July 14, 2023, Chandrayaan-3 consists of a propulsion module that takes a lander and rover to the moon. The mission, which began its orbit of the moon on Aug. 5, 2023, consists of a safe, soft landing on the moon and exploration of the moon's surface with the rover to better understand its composition through experiments and observation. Expected to land near the lunar south pole region on Aug. 23, 2023, Azur supplied the 3G30 solar cells for the propulsion module (758 watts), the lander (738 watts) and the rover (50 watts).

About 5N Plus Inc.

5N Plus is a leading global producer of specialty semiconductors and performance materials. The company's ultrapure materials often form the core element of its customers' products. These customers rely on 5N Plus's products to enable performance and sustainability in their own products. 5N Plus deploys a range of proprietary and proven technologies to develop and manufacture its products. The company's products enable various applications in several key industries, including renewable energy, security, space, pharmaceutical, medical imaging and industrial. Headquartered in Montreal, Que., 5N Plus operates R&D, manufacturing, and commercial centres in strategically located facilities around the world, including Europe, North America and Asia.

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