Spire Receives New Contract for Advanced Solar Simulator from Major Chinese Thin Film Manufacturer

BEDFORD, Mass.--()--Spire Corporation ("Spire" or the "Company") (OTCQB: SPIR), a global solar company providing capital equipment and turnkey manufacturing lines to produce photovoltaic modules and optoelectronics thin film services, today announced receipt of a contract from a major Chinese thin film module manufacturer with facilities in Europe, China and the United States, for the delivery of a custom solar simulator. The Class A solar simulator, a Spi-Sun Simulator™ 6013i SLP, will have a test area of 6 meters by 1.3 meters, allowing the manufacturer to accurately characterize the performance of their large-area thin film modules. The design will also include an automation system that will allow them to conveniently connect and transfer their long modules into the test area, where a dark I-V and full light I-V curve are measured. The Spi-Sun Simulator 6013i SLP technology and design are based on Spire’s proven solar simulator products, which are widely used globally in test labs and manufacturing facilities.

"Spire Corporation is pleased to have been chosen to provide our advanced solar simulator to meet their testing needs. This major Chinese manufacturer has demonstrated a capability of designing and delivering advanced technology photovoltaic modules, and Spire Corporation’s technically superior solar simulator equipment is a perfect match for their requirements," comments Mr. Rodger W. LaFavre, President and CEO.

Spire Corporation
Spire Corporation is a global solar company providing technology, equipment and turnkey production lines to manufacture photovoltaic modules and providing optoelectronics thin film services. For further details on the Company and its products, please visit www.spirecorp.com.

Certain matters described in this press release including those relating to Spire’s prospects for growth constitute forward-looking statements under the federal securities laws. The discussion of forward-looking information requires management of the Company to make certain estimates and assumptions regarding the Company’s strategic direction and the effect of such plans on the Company’s financial results. These forward-looking statements are 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. Forward-looking statements contained in the press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The Company undertakes no obligation and expressly disclaims any duty to update such statements.

Contacts

Spire Corporation
Stephen J. Hogan, 781-275-6000
EVP & GM, Spire Solar

Contacts

Spire Corporation
Stephen J. Hogan, 781-275-6000
EVP & GM, Spire Solar