N@N

Spire Joins Wanxiang Solar for Celebration of PV Module Line Grand Opening

^{Published on 2010-08-17 06:05:47 - Market Wire}
 

BEDFORD, Mass.--([ BUSINESS WIRE ])--[ Spire Corporation ] (Nasdaq: SPIR), an American global solar company providing equipment and turnkey manufacturing lines to manufacture photovoltaic (PV) modules and EPC services for solar systems, announced it is celebrating the opening of a PV Module Manufacturing Plant established by Wanxiang Solar, a Division of Wanxiang America Corporation, located in Rockford, Illinois.

"We have been established in the U.S. for many years and we are expanding into the solar industry. We chose Spire for our equipment line because of their international reputation, and as a domestic manufacturer we can be assured of their support."

[ Roger G. Little ], Chairman and CEO of Spire Corporation will attend the Grand Opening Ceremony of the Rockford Solar Panel Plant, today, August 17, 2010 beginning at 11:15 a.m. (CDT). Mr. Little will join the Wanxiang Team, the Governor of Illinois, as well as the Mayor of Rockford. The Ceremony will take place at the 40,000-square-feet, solar module manufacturing plant, where it will employ over 60 local workers.

Mr. Little said, aThis factory shows the growth of solar manufacturing in the United States (U.S.), especially as it relates to foreign manufacturers locating production facilities here in the U.S. The Wanxiang factory will create local jobs to help stimulate the U.S. economy, supporting the growth of the PV industry in the U.S.a

Mr. Little continued, a[ Spire Solar Systems ], has additionally entered into discussions with Wanxiang in order to explore the opportunity to develop a apreferred vendora™ relationship such that our EPC systems group may purchase, when appropriate, modules manufactured by Wanxiang. Our Systems Group requires the highest quality and value from its module suppliers, and we are confident of attaining this from manufacturers utilizing Spire supplied equipment.a

Mr. Pin Ni, President of Wanxiang America Corporation, said, aWe have been established in the U.S. for many years and we are expanding into the solar industry. We chose Spire for our equipment line because of their international reputation, and as a domestic manufacturer we can be assured of their support.a

About Wanxiang America Corporation

Wanxiang America Corporation, based in Chicago, is involved in automotive and industrial markets in the U.S. They are quickly becoming a dominant supplier of state-of-the-art solar panels and the attendant technologies.

About Spire Corporation

[ Spire Corporation ], voted 2009a™s Turnkey PV Manufacturing Line Company of the Year, is a global solar company providing capital equipment and turnkey production lines to manufacture PV cells and modules. [ Spire Solar Systems ] is a full-service solar firm specializing in [ large PV systems for commercial ], [ government ], and [ utility clients ].

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.