5N Plus and Abound Solar sign supply agreement for CdTe used in solar modules

5N Plus Inc. has signed a long-term supply agreement with Abound Solar, Inc. Under the terms of this agreement, 5N Plus will provide Abound Solar with cadmium telluride (CdTe) to be used in the manufacturing of the company’s thin film solar modules.

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5N Plus president and chief executive officer Jacques L'Écuyer stated: "We are pleased to report that this agreement has been signed, following the memorandum of understanding with Abound Solar that we announced in January 2010. This agreement reinforces our position as the supplier of choice for CdTe in the solar industry.