Spire Corp.

$SPIR - Nasdaq - Semiconductors
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Press Release $SPIR Spire Corp.

0 COMMENTs 21 Nov
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Spire Installs Turn-key PV Module Line in Partnership with an Eastern European Company

BEDFORD, Mass.--(BUSINESS WIRE)-- Spire Corporation (“Spire”) (OTCQB: SPIR), a global solar company providing capital equipment and turn-key manufacturing lines to produce photovoltaic (“PV”) modules and providing engineering, procurement and construction integration services for solar systems and optoelectronics thin film services, announced today it has installed Spire’s turn-key module manufacturing line in Eastern Europe. The Spire module line, the first of its kind in this region, will be used to produce PV modules for the local regional market.

It is expected the first production modules will be delivered by year end. Further, Spire is providing on-going technical support for the training and the production ramp up of the line. The installed capacity is expected to support large utility-scale installations going forward in 2014 and beyond.

“We are very excited about installing this inaugural line into this region. There is a great deal of demand for solar in this region and Spire is pleased to be working with a local partner on their entry into the solar market. We expect this region to continue growing and anticipate that this is the first of many regional opportunities for Spire, which addresses the desires for local manufacturing and content requirements,” said Roger G. Little, Chairman & CEO.

About Spire Corporation

Spire Corporation is a global solar company providing technology, equipment and turn-key production lines to manufacture PV modules and optoectronics 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 duration 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.

Spire Corporation
Roger G. Little, 781-275-6000
Chairman & CEO

Source: Spire Corporation

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