Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 - Ink World Magazine

What are you searching for?

Sign in
Flexible Electronics News

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

5N Plus Inc. announced the extension of its supply agreement with First Solar, Inc. pursuant to which 5N Plus provides cadmium telluride and cadmium sulphide to First Solar from 5N Plus’ Montreal facility. 5N Plus Inc. also announced the extension of its supply agreement with First Solar Inc., relating to the supply of similar product from 5N Plus’ German facility, which agreement is subject to the execution of notarized documents in accordance with German law. Pursuant to these amendments, the previous supply agreements are being extended until July 31, 2012, representing approximately one additional year.

The agreements are being amended to increase by 50% the minimum prescribed quantities of cadmium telluride to be ordered by First Solar for most of the remaining term of the agreements. In addition, the definition of “change of control”, which allows First Solar to exercise a purchase option over 5N Plus’ German assets in certain circumstances, are being materially amended, such that a “change of control” will now occur only when a party acquires 50% or more of the issued and outstanding shares of 5N Plus.

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters