October 14, 2008
Spire Wins Contract to Provide Elements of the Spi-Line(TM) TF Back End for Thin Film Modules
Spire Corporation (Nasdaq: SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic modules and cells worldwide, today announced that Spire has won a contract to provide certain elements of the Spi-Line(TM) 25TF turnkey factory to produce 25 megawatts (MW) of amorphous thin film modules to XsunX in Portland, Oregon. This will be XsunX's first factory in full production of their unique thin film technology.
Spire's turnkey line is comprehensive and includes all of the process tools and services to create finished modules from the output of the deposition system. Substrates require testing for deposition feedback, specialized busing to connect the amorphous silicon cells in addition to the traditional lamination, framing, and final simulation. In addition to the process systems, Spire will provide in-depth training and knowledge transfer to ensure XsunX will achieve full output quickly.
"We are excited to win the business at XsunX. Spire has a robust and growing business in thin film, working with all technologies," said, Roger Little, Chairman and Chief Executive Officer of Spire Corporation. "Spire's experience in solar cell production is significant and enhanced by our work in cell design. We have teams of experts focused in the key areas of process, design, and facilities, and these teams are further backed up by Spire Semiconductor, LLC, our semiconductor division, operating a gallium arsenide foundry."
Joseph Grimes, Chief Operating Officer of XsunX said, "We are delighted to be working with Spire Corporation, whose products can be found in numerous solar module assembly plants throughout the world. The agreement we have entered into with Spire Corporation for certain aspects of our system is the culmination of a working relationship we have developed over the past year in which we have recognized their experience, technology and process knowledge."
Based in Aliso Viejo, California, XsunX, Inc. (XSNX.OB) is a thin-film photovoltaic (TFPV) company. XsunX is executing a phased plan to build and install 100MW of a-Si thin film solar module manufacturing capacity. The Company is working to complete the installation of its base production infrastructure in Portland, Oregon, USA in 2008, and then grow capacities to 25MW by early 2009, and to 100MW by early 2010.
About Spire Corporation
Spire Corporation is a global solar company providing turnkey production lines and capital equipment to manufacture photovoltaic modules worldwide. Spire Semiconductor develops and manufactures custom gallium arsenide solar cells and other related products. 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.