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Spire Delivers Photovoltaic Module Line to ET Solar in the People's Republic of China

Posted on: Wednesday, 25 June 2008, 09:03 CDT

Spire Corporation (Nasdaq: SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic cells and modules worldwide, today announced that it has delivered advanced solar module production equipment to ET Solar Group, located in the People's Republic of China.

The module manufacturing equipment delivered to ET Solar includes Spire's most current process technology. With this equipment, the line will be capable of annually producing up to 15 megawatts of solar modules.

Mr. Roger Little, CEO and Chairman of Spire Corporation said, "We are proud to be selected by ET Solar as their module manufacturing equipment provider. Once again Spire demonstrates that it is the preferred contractor for providing state-of-the-art module manufacturing equipment and lines. This delivery marks our fifth major win in China during the past few months."

Mr. Xinghua Wang, CEO and Chairman of ET Solar said, "We are very pleased to upgrade our capacity using Spire's equipment. Their technology and value lead the world and this equipment will help propel ET Solar to greater output and quality targets."

About ET Solar

ET Solar is an integrated global solar energy solutions provider. The Company has established two manufacturing plants in Taizhou City, China. Together with offices in the United States, Germany, Korea and Italy, ET Solar provides superior products through a truly global distribution network.

About Spire Corporation

Spire Corporation is a global solar company providing turnkey production lines and capital equipment to manufacture photovoltaic cells and modules worldwide. Spire Semiconductor provides processing technology for Spire's silicon solar cell manufacturing lines and produces and sells custom gallium arsenide cells for solar concentrator systems. For corporate or product information, contact Spire Corporation, "The Turnkey Solar Factory Company," at 781-275-6000, or visit www.spirecorp.com.

Certain matters described in this news 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 Form 10-K and other periodic reports filed with the Securities and Exchange Commission.

Source: Business Wire

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