Science & Technology
Science and Technology
Science and Technology
Fri, June 4, 2010
Thu, June 3, 2010 Spire Semiconductor Awarded Contract to Develop High Efficiency Solar Cells for Space
BEDFORD, Mass.--([ BUSINESS WIRE ])--[ Spire Corporation ] (Nasdaq: SPIR), an American global solar company providing capital equipment and turnkey production lines to manufacture photovoltaic (PV) cells and modules, announced today that its wholly owned subsidiary, [ Spire Semiconductor, LLC ] has been awarded a contract from the Missile Defense Agency (MDA) to develop high efficiency, multi-junction solar cells for space applications.
Ed Gagnon, General Manager of Spire Semiconductor, LLC, stated, aThis award is timely since it supports our ongoing terrestrial solar cell business. Currently, we are developing a 42% efficient, 500sun concentrator cell under a U.S. Department of Energya™s National Renewable Energy Laboratory contract. The MDA contract will help to further establish our capabilities and expertise in concentrator photovoltaic (CPV) cell technology for both space and terrestrial solar cell applications.a
Roger G. Little, Chairman and CEO of Spire Corporation, added, aThe market opportunities for concentrator solar cells are significant. This contract supports commercial initiatives at Spire Semiconductor and provides validation of Spirea™s approach to increasing the efficiency where lowering the cost of concentrator solar cells. We have already generated significant customer interest, and we plan to work closely with the MDA and customers to develop devices that optimally address strategic interests and market needs.a
About [ Spire Corporation ]
[ Spire Corporation ] is an American solar company providing technology and capital equipment to manufacture PV cells and modules worldwide. [ Spire Semiconductor, LLC ]specializes in wafer epitaxy, foundry services, and device fabrication for solar and other industries.
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 Form10-K and other periodic reports filed with the Securities and Exchange Commission.
