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Spire Signs Contract for Solar Energy Production Line With Unison, Korea; Spire Will Provide Equipment, Technology and Training for Solar Module Production

Posted on: Wednesday, 21 September 2005, 12:00 CDT

Spire Corporation (Nasdaq: SPIR), today announced that it has executed a contract with Unison Co., Ltd. (Unison) of Chonan-City, Korea to provide an advanced photovoltaic (PV) module production line. Spire's solar module manufacturing line was chosen by Unison after an extensive competitive analysis. Spire has commenced work on the equipment for the line, capable of producing over 15 megawatts per year, with delivery scheduled for early 2006.

Roger Little, CEO and Chairman of Spire Corporation, said, "Spire is pleased to be awarded this contract by Unison, a further confirmation of Spire's strength in turnkey PV production line capabilities. In addition to the reliability and innovative technology of our equipment, a significant factor in Unison's decision to work with Spire is our ability to train client personnel in an actual production line that will allow them to quickly begin successful module production. Unison is one of Korea's largest suppliers of wind systems and Spire's photovoltaic production line will give them the capability to participate in the growing Korean solar energy market."

About Spire Corporation

Spire Corporation is a diversified technology company serving the solar energy, biomedical, telecommunications and defense industries worldwide with innovative products and services based upon a common technology platform. For more information 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-KSB filed with the Securities and Exchange Commission.

Source: Business Wire

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