Science & Technology
Science and Technology
Science and Technology
Tue, October 26, 2010
Mon, October 25, 2010
Spire to Supply Integrator Services for PV Systems to UNICOR
BEDFORD, Mass.--([ BUSINESS WIRE ])--[ Spire Corporation ] (Nasdaq: SPIR), an American global solar company providing capital equipment and turnkey production lines to manufacture photovoltaic (PV) modules, and Engineering, Procurement and Construction (EPC) integration services for solar systems through its [ SpireSolar Systems ] operation, announced today the award of an Indefinite Delivery, Indefinite Quantity (IDIQ) contract from Federal Prisons Industries, Inc. to supply integrator services for PV Systems for Federal customers of UNICOR. The contract is for a five year term with five, one-year renewal options at a total value not to exceed $75million over the contract period with no guaranteed minimum.
Roger G. Little, Chairman and CEO of [ Spire Corporation ], commented, aWe have provided UNICOR with a PVmodule production line for its prison system in Otisville, New York and another to be established at the correctional facility in Sheridan, Oregon. These lines are used to train people for entry into the fast growing PV industry work force and to produce modules for Federal systems. We have an existing systems teaming agreement with UNICOR and are very pleased to have received this EPC contract which further expands our relationship.a
About Spire Corporation
[ Spire Corporation ], voted 2009a™s Turnkey PV Manufacturing Line Company of the Year, is an American global solar company providing capital equipment and turnkey production lines to manufacture PV cells and modules. [ Spire Solar Systems ] has provided multi-megawatts worth of PV systems over ten years, and has recently received General Service Administration (GSA) listing. It has teaming agreements with organizations such as UNICOR, service disabled veteran-owned small businesses (SDVOSB), and also a woman-owned small business. The GSA approval and these associations allow Spire Solar Systems to offer many different approaches to federal solar PV system requirements.
About UNICOR - Federal Prison Industries, Inc.
UNICOR is a wholly-owned government corporation created by Congress in 1934 operating at no cost to the taxpayer, to provide voluntary, job skills training for federal inmates. An integral part of the Bureau of Prisons, UNICOR contributes to the safety and security of our Nationa™s Federal Correctional Facilities by keeping inmates constructively occupied; providing market priced, quality goods and services primarily for sale to the Federal Government; studies indicate program participants are 24% less likely to recidivate, and are 14% more likely to be gainfully employed upon re-entry into society. For corporate or product information visit [ www.unicor.gov ].
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.
