Spire Corporation Continues Aggressive Supply of Solar Simulators to Chinese Manufacturers

BEDFORD, Mass.--()--Spire Corporation ("Spire" or the "Company") (OTCQB: SPIR), a global solar company providing capital equipment and turnkey manufacturing lines to produce and characterize photovoltaic (PV) modules, today announced the shipment of multiple solar simulators to various customers in China. Recent shipments to China include Spire’s workhorse SPI-SUN SIMULATORTM 4600SLP, Spire’s enhanced accuracy SPI-SUN SIMULATORTM 5600SLP, and Spire’s advanced SPI-SUN SIMULATORTM 5600SLP Blue with spectrally matched content from 300 nm to 400 nm wavelengths. All of this equipment was provided to Tier 1 manufacturers. Strength of sales is driven by the local presence of Spire’s distributor in China, Servo Dynamics Company, which provides local support in both sales and service. Spire’s partnership with Servo Dynamics Company has led to sales of 180 simulators during the last several years of partnership. Spire has also recently received additional orders for multiple solar simulators that will ship during the coming several months.

"Spire is pleased to continue our strong presence and support to our important clients in China. Module manufacturers understand that module revenues, sold on a per-watt basis, suffer from inaccurate power measurements from less accurate test equipment. Spire simulators’ demonstrated accuracy and reliability have been proven around the world, and make it one of the most popular simulator series in China," said Mr. Rodger W. LaFavre, President and CEO of Spire Corporation.

About Spire Corporation
Spire Corporation is a global solar company providing technology, equipment and turnkey production lines to manufacture photovoltaic modules and characterize solar modules. 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 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