Spire Corporation Receives Contract for Turnkey Module Production Line in Vietnam

March 2, 2015 | By Business Wire News

BEDFORD, Mass.

Spire Corporation (“Spire” or the “Company”) (OTCQB: SPIR), a global solar company providing capital equipment and turnkey manufacturing lines to produce and characterize photovoltaic (PV) modules, today announced the delivery and commencement of installation of a 20 megawatt turnkey module production line (the “Line”) for a government agency in Vietnam. The Line, located outside of Hanoi, will allow for both research activities as well as production of multi or mono crystalline silicon modules. The procurement and installation was coordinated with AIC, a large global trading company, which is also responsible for the infrastructure of the facility. It is expected that the Line will be fully functional by late spring. The modules produced from this facility will also be used to set up a demonstration system on-site.

“Spire Corporation is pleased to participate in this important project for Vietnam. The Asian region is a critical growth market, and this manufacturing line will give the government important capabilities as applications and technologies are examined,” said Mr. Rodger W. LaFavre, President and CEO of Spire Corporation.

About Spire Corporation

Spire Corporation is a global solar company providing technology, equipment and turnkey production lines to manufacture and characterize PV modules. For further information on the Company and detailed information on its products and services, visit the recently launched, enhanced website www.spirecorp.com. The website reflects the evolution of the business and has a new look that is easier to navigate.

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 Form 10-K and other periodic 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.