Spire Corporation Introduces New Economical Simulator for High Volume Production Environment

June 11, 2015 | By Business Wire News

BEDFORD, Mass.

Spire Corporation (“Spire” or the “Company”) (OTC: SPIR), a global solar company providing capital equipment and turnkey manufacturing lines to produce and characterize photovoltaic (PV) modules, today announced the introduction of the cost competitive SPI-SUN SIMULATOR^TM 5100SLP.

The SPI-SUN SIMULATOR 5100SLP is based on Spire’s successful Single Long Pulse (“SLP”) series. The system delivers better than Class A spectral/spatial/temporal performance in combination with superior measurement repeatability while utilizing a single lamp for reduced cost-of-ownership.

The PV market capacity has continued to grow and is expected to grow into the foreseeable future, with some predictions up to a 30% compound annual growth rate. Spire has met the need to further extend its successful reach in this important and growing market.

“The introduction of the SPI-SUN SIMULATOR 5100SLP allows Spire to meet the demands for better performance, especially in the extremely cost sensitive Far East market,” said Mr. Rodger W. LaFavre, President and CEO of Spire Corporation.

The new and innovative optical design also makes the system well suited as a measurement instrument for leading national metrological and certification bodies and organizations with restricted budgets. Spire’s simulators are considered the industry standard in production environment and test labs and universities worldwide including NREL, UL, TÜV, FSEC, EC-JRC, CSA, KIER and Intertek.

About Spire Corporation
Spire Corporation is a leading global PV equipment and technology company providing solutions for its customers in the solar market. The Company has provided the PV industry with over 60 turnkey lines and hundreds of pieces of solar equipment used to produce, measure and test solar modules and cells. The Company continues to maintain its leadership position with the introduction of this new technology and invests heavily to develop expertise in PV manufacturing. For further details on the Company and its products, please visit www.spirecorp.com.

Certain matters described in this press release including those relating to Spire’s prospects for growth constitute forward-looking statements under the federal securities laws. The discussion of forward-looking information requires management of the Company to make certain estimates and assumptions regarding the Company’s strategic direction and the effect of such plans on the Company’s financial results. These forward-looking statements are 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 reports filed with the Securities and Exchange Commission. Forward-looking statements contained in the press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The Company undertakes no obligation and expressly disclaims any duty to update such statements.