5N Plus Acquires Remaining Stake in Sylarus

5N Plus Inc., of Montreal, Canada, a supplier of specialty metals and chemicals, purchased the remaining 33.33% stake in its subsidiary Sylarus Technologies of St. George, Utah USA. 5N Plus has changed the subsidiary’s name to 5N Plus Semiconductors LLC. 5N Plus Semiconductors LLC is reportedly the sole U.S.-based supplier of space qualified germanium substrates for National Security Space (NSS) customers and is one of just two suppliers worldwide of germanium substrates to the National Defense Stockpile (NDS).

The company has received over $10 million in U.S. government contracts including a $1.32 million contract from the Defense Logistics Agency (DLA) to switch a portion of the NDS inventory of high-purity germanium metal to unfinished germanium substrates for photovoltaic cells employed in NSS applications. The DLA contract may lead to follow-on business for 5N Plus Semiconductors to serve as an NDS manager and strategic metal supplier.