Science & Technology
Science and TechnologyScience and Technology 
Tue, February 15, 2011
BEDFORD, Mass.--([ BUSINESS WIRE ])--[ Spire Corporation ] (Nasdaq: SPIR), a global solar company providing capital equipment and turn-key manufacturing lines to produce photovoltaic (PV) modules, announced today it has supplied a solar module manufacturing line along with systems technology to Rahimafrooz Renewable Energy, Ltd., Bangladesh.
"Sixty-five percent of Bangladesh is not connected to the national grid, making electricity scarce and expensive so the solar market is growing"
aSixty-five percent of Bangladesh is not connected to the national grid, making electricity scarce and expensive so the solar market is growing,a said Roger G. Little, Chairman and CEO of SpireCorporation.aSpire is providing Rahimafrooz with an advanced module manufacturing line capable of assembling 20MW per year of solar modules. Spire is also providing Rahimafrooz with PV system design and manufacturing technology which will give them the opportunity to provide modules and systems for rural electricity.a
About Rahimafrooz Renewable Energy Ltd.
Rahimafrooz Renewable Energy Ltd., a business unit of Rahimafrooz Group, has installed PV on more than 100,000 homes directly and has supported in providing solar energy in another 600,000 homes in Bangladesh since 2003. Rahimafrooz is also the pioneer in providing solar-hybrid solutions for Telecom Operatorsa™ BTS towers and solar powered irrigation systems in Bangladesh. In recognition of its initiatives, Rahimafrooz Renewable Energy Ltd. won the Ashden Performance Award in 2006 and the Platts aGlobal Energy Awardsa™ in 2004.
About Spire Corporation
[ Spire Corporation ] is a global solar company providing capital equipment and turn-key production lines to manufacture PV modules. To learn more about Spire Corporation, visit [ www.SpireCorp.com ] or email [ PR@SpireCorp.com ].
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.