Spire Introduces the SPI-Line™ 20MW Advanced PV Module Assembly Line

Spire’s line offers an unprecedented 30% reduction in CAPEX

BEDFORD, Mass.--(BUSINESS WIRE)--Spire Corporation (Nasdaq: SPIR), a global solar company providing capital equipment and turnkey manufacturing lines to manufacture photovoltaic (PV) modules and cells, today announced the introduction of its SPI-Line™ 20 megawatt (MW) per year Module Assembly Line at the 25^th European PV Solar Energy Conference and Exhibition (EU PVSEC) in Valencia, Spain at the Feria Valencia, located at Level 2, Hall 4, Booth 15.

“As the market leader in turnkey module lines, Spire provides customers with the greatest value by ensuring high throughput, high yield module production at the lowest cost of capital.”

The SPI-Line 20MW PV Module Assembly Line offers new entrants into the PV market a greater than 30% reduction in normalized capital expenditure (CAPEX), expanding customers’ capability and cost reduction per watt of module production. The line incorporates Spire’s advanced SPI-Assembler^TM 7000, SPI-Sun Simulator^TM 4600SLP, the SPI-Laminator^TM 1837, other essential manufacturing and testing equipment, as well as Spire’s process technology and support services.

Roger G. Little, Chairman and CEO of Spire Corporation, said, “As the market leader in turnkey module lines, Spire provides customers with the greatest value by ensuring high throughput, high yield module production at the lowest cost of capital.”

About Spire Corporation

Spire Corporation is a global solar company providing capital equipment and turnkey manufacturing lines to manufacture PV modules and cells.

Certain matters described in this press release may be forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risk of dependence on market growth, competition and dependence on government agencies and other third parties for funding contract research and services, as well as other factors described in the Company's Form 10-K and other periodic reports filed with the Securities and Exchange Commission.