5N+ has sold the GaN IP portfolio, acquired
with its subsidiary AZUR, to micro-LED expert
ALLOS Semiconductors.
MONTREAL and DRESDEN, Germany, March 6,
2025 /CNW/ - 5N Plus Inc. (TSX: VNP) ("5N+" or the
"Company"), a leading global producer of specialty semiconductors
and performance materials, announced that it has entered into an
exclusive agreement, through its wholly-owned subsidiary, AZUR
SPACE Solar Power GmbH ("AZUR"), with micro-LED and GaN-on-Si
expert ALLOS Semiconductors to complete the development and
commercialization of a GaN IP portfolio that 5N+ has provided to
ALLOS Semiconductors for a nominal value in exchange for future
royalties.
Prior to becoming part of 5N+ in 2021, AZUR had acquired a
package of technology and patents for High Power Electronics (HPE)
and Radio Frequency (RF) applications from ALLOS Semiconductors in
2020. This package will now be transferred back to ALLOS, along
with additional GaN IP.
"This transaction allows 5N+ to focus on its core business while
benefiting from the growth of the HPE market through royalties.
With ALLOS, we have found the strongest possible partner to
commercialize the technology over time," said Gervais Jacques, President and
CEO, 5N+.
"With this acquisition we are further strengthening our IP
position," said Burkhard Slischka, co-founder and CEO of ALLOS
Semiconductors. The company specializes in 200 mm and 300 mm
epiwafers for micro-LED applications, that can be processed in
standard silicon fabs. ALLOS' customers are micro-LED and display
companies, working with silicon foundries to achieve the yield and
unit cost breakthroughs that are critical to turning futuristic
micro-LED display prototypes into future mass consumer products.
Slischka emphasized, "We remain focused on our successful micro-LED
technology while exploring synergies with the rapidly growing HPE
market. We are open to new partnerships in GaN HPE and our now
expanded IP portfolio remains available for licensing."
About 5N+
5N+ is a leading global producer of
specialty semiconductors and performance materials. The Company's
ultra‐pure materials often form the core element of its customers'
products. These customers rely on 5N+'s products to enable
performance and sustainability in their own products. 5N+ 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, Quebec,
5N+ operates R&D, manufacturing and commercial centers in
strategically located facilities around the world including
Europe, North America and Asia.
About ALLOS Semiconductors
ALLOS Semiconductors is a
Gallium Nitride-on-Silicon (GaN-on-Si) epiwafer technology company
focusing on micro-LED applications. Founded in 2014 in Dresden, Germany, the company has repeatedly
demonstrated the industry's best crystal quality and wafer
uniformities of GaN-on-Si epiwafers specifically designed for use
in standard 200 mm and 300 mm silicon wafer fabs. The
company's proprietary technologies are protected by a strong IP
portfolio and are available on MOCVD tools from all major tool
suppliers. ALLOS is the only company supplying both 200 mm and
300 mm GaN-on-Si LED epiwafers to customers worldwide. Its
technologies are also available through licensing and technology
transfer. ALLOS' customers are micro-LED, semiconductor and display
companies working with either foundries or in-house silicon lines
to achieve the breakthroughs in yield and unit cost that are
critical to turning their existing micro-LED prototypes into future
volume products for consumer and industrial applications.
www.allos-semiconductors.com
Forward‐Looking Statements
Certain statements in this
press release may be forward‐looking within the meaning of
applicable securities laws. Such forward‐looking statements are
based on a number of estimates and assumptions that the Company
believes are reasonable when made, including that 5N+ will be able
to retain and hire key personnel and maintain relationships with
customers, suppliers and other business partners, that 5N+ will
continue to operate its business in the normal course, that 5N+
will be able to implement its growth strategy, that 5N+ will be
able to successfully and timely complete the realization of its
backlog, that 5N+ will not suffer any supply chain challenges or
any material disruption in the supply of raw materials on
competitive terms, that 5N+ will be able to generate new sales,
produce, deliver, and sell its expected product volumes at the
expected prices and control its costs, as well as other factors
believed to be appropriate and reasonable in the circumstances.
However, there can be no assurance that such estimates and
assumptions will prove to be correct. These statements are not
guarantees of future performance and involve assumptions, risks and
uncertainties that are difficult to predict and may cause the
Company's 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 the Company's
business and activities appears under the heading "Risk and
Uncertainties" of the Company's 2024 MD&A dated
February 25, 2025, available on www.sedarplus.ca.
Forward‐looking statements can generally be identified by the
use of terms such as "may", "should", "would", "believe", "expect",
the negative of these terms, variations of them or any similar
terms. No assurance can be given that any events anticipated by the
forward‐looking statements in this press release will transpire or
occur, or if any of them do so, what benefits that 5N+ will derive
therefrom. In particular, no assurance can be given as to the
future financial performance of 5N+. The forward‐looking statements
contained in this press release is made as of the date hereof and
the Company has 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. Forward-looking statements are
presented in this press release for the purpose of assisting
investors and others in understanding certain key elements of the
Company's expected financial results, as well as the Company's
objectives, strategic priorities and outlook, and in obtaining a
better understanding of the Company's anticipated operating
environment. Readers are cautioned that such information may not be
appropriate for other purposes.
SOURCE 5N Plus Inc.
