23 September 2010


5N Plus wins Deloitte Technology Fast 50 awards

5N Plus Inc of Montreal, Canada, a provider of high-purity metals and compounds for electronic applications, has been ranked among Canada’s ‘Deloitte Technology Fast 50’ awards program. 5N Plus also won the ‘Deloitte Technology Green 15 Award’ and the ‘Leadership Award, emerging technologies category’.

5N Plus was founded in 2000 after developing electronic materials within Canadian natural resource company Noranda Inc (one of the world’s largest mining firms). It focuses on specialty high-purity metals such as tellurium, cadmium, selenium, germanium, indium and antimony and also produces related II-VI semiconducting compounds such as cadmium telluride (CdTe), cadmium sulphide (CdS) and indium antimonide (InSb) as precursors for the growth of crystals for electronic applications, including infra-red detectors for night-vision systems, gamma-ray detectors for nuclear imaging in medicine, and thin-film photovoltaic cells for solar panels. The firm is an integrated producer, with both primary and secondary refining capabilities (enabling it to control the entire manufacturing process), and also provides recycling services to treat production residues.

The ranking of the 50 fastest-growing technology companies in Canada is based on revenue growth over five years. 5N Plus' growth of 574% from 2005 to 2009 resulted in being ranked 36th. The Deloitte Technology Green 15 Award was created in 2007 to showcase 15 Canadian companies that are leading the way to create breakthroughs in ‘green’ technology. Deloitte Technology Fast 50 Leadership Award candidates are judged on their ability to create a distinct competitive advantage in a high-growth market.

“Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of an uncertain global economic recovery,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, at Deloitte. “5N Plus is an example of the determination, drive and skill that will serve to position them for further growth and success in the years to come,” he added.

“The Deloitte Technology Green 15 Award recognizes those Canadian companies that offer solutions to global environmental challenges by creating intellectual property and technology that reduce society's environmental impact. Companies such as 5N Plus are creating technology solutions that have a significant environmental impact and demonstrate a compelling return on investment, despite facing tough economic times,” Ruffolo continued.

“The Technology Fast 50 Leadership Award celebrates the elite companies in the Canadian technology sector. Deloitte salutes the outstanding accomplishments of 5N Plus, whose ability to create a distinct competitive advantage in a high-growth market will likely result in it joining the ranks of other Canadian companies that have grown into global leaders,” Ruffolo concluded.

“This year we are celebrating 10 years of growth along with 40 quarters of profitability,” said chief financial officer David Langlois, accepting the awards on behalf of president & CEO Jacques L’Écuyer. “This success was achieved while pursuing environmentally responsible practices,” he added. “We are therefore honored that our environmental initiatives are being recognized and rewarded.”

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