Mr. Gervais Jacques reports

5N PLUS INC. TO FURTHER INCREASE SPACE SOLAR CELL PRODUCTION CAPACITY

5N Plus Inc. has outlined plans by its wholly owned subsidiary, Azur Space Solar Power GmbH, to expand solar cell production capacity by an additional 25 per cent in 2026. The new capacity, expected to gradually come online starting in the second half of the year, will add to capacity increases of 30 per cent in 2025 and 35 per cent in 2024.

"With the acceleration of AI adoption and the growing appetite for connectivity, our clients are planning ahead and securing products to support future satellite programs and space missions," said Gervais Jacques, chief executive officer of 5N Plus. "In this dynamic environment, their trust in our capacity to deliver innovative and high-quality advanced devices is reflected in a maxed-out backlog and robust project pipeline that now warrants additional capacity, in line with the disciplined approach that has served us well."

Azur has a strong record of expanding operations with limited new investments, taking advantage of available on-site physical space to meet growing demand. With each capacity increase program, the team has also accelerated the process of bringing new equipment and capacity on-line. Over the past three years, capacity has increased in all Azur departments, from epitaxy to cell production, assembly and testing. Over the next year, the company expects to reach its 25-per-cent target by investing both in back-end and front-end operations, including through process optimization and additional automation.

"As we enter the year with strong momentum, this positions us well to solidify our leadership, execute on growth initiatives and continue developing the products our customers need," Mr. Jacques added.

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 (research and development), manufacturing, and commercial centres in strategically located facilities around the world including Europe, North America and Asia.

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