| [April 19, 2006] |
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Spire to Provide Prisolartec GmbH with Solar Module Production Line
BEDFORD, Mass. --(Business Wire)-- April 19, 2006 -- Spire Corporation (Nasdaq: SPIR) today announced that it has entered into a contract with J.v.G. Thoma GmbH, Spire's sales and service representative in Germany, to provide Prisolartec GmbH of Perleberg, Germany, with Spire's multi-megawatt entry level, turnkey photovoltaic (PV) module manufacturing production line. The production line includes equipment for solar cell stringing and lay-up, lamination, framing, and module testing. Prisolartec selected Spire Corporation as their equipment supplier based on Spire's superior experience, the quality of its equipment, Spire's competitive offering, and its proven ability to provide training assistance to establish their operations.
According to Hans Thoma, of J.v.G. Thoma GmbH, "Prisolartec will produce standard PV modules for the German and world markets and is also planning to manufacture some special products on the new production line from Spire."
Mr. Roger G. Little, CEO and Chairman of Spire Corporation, said, "Spire is pleased to be awarded this contract by Prisolartec. We continue to help new businesses enter the PV market by providing innovative technology, reliable equipment with embedded processes, and comprehensive training."
Spire offers proven SPI-Line(TM) turnkey production lines for integrated PV manufacturing at production capacities ranging from a few hundred kilowatts up to 25 megawatts per year.
ABOUT SPIRE CORPORATION
Spire Corporation is a worldwide leader in developing and providing innovative solar energy manufacturing equipment. Spire is the world's only equipment and technology supplier that manufactures all the equipment in-house for an entire module production line. For more information visit www.spirecorp.com.
Certain matters described in this news 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-KSB filed with the Securities and Exchange Commission.
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