North Coast Solar Stocks

May 1, 2009

IX Energy Provides Update on 12MW Solar Module Fabrication Line

Filed under: SPIR — Tags: , , , , , — Jason @ 10:52 am

Friday May 1, 2009, 10:52 am EDT

NEW YORK, NY–(MARKET WIRE)–May 1, 2009 — IX Energy Holdings, Inc. (IXEH.OB) (“IX Energy”), a renewable energy solutions company engaged in the design, marketing and development of solar power and other renewable energy solutions, provided an update on its 12MW semi-automated fabrication line, which it purchased from Spire Corporation (SPIR).

CEO and founder, Steve Hoffmann, said, “We are currently planning to establish production capacity for our commercial and international businesses. Recent incentives provided through the federal stimulus package should provide attractive opportunities to deploy our fabrication line and in the process promote local job growth. We have narrowed our discussions concerning potential partnerships and locations to a few states, and within the coming months we expect to announce our decision.”

“There has never been a more exciting time for the US Solar market,” said Roger G. Little, Chairman and CEO of Spire Corporation. “The new stimulus funding is fueling a rapid expansion domestically and we are excited to help IX Energy pursue it. Domestic job creation is driving the policymakers and US-made Spire equipment adds to the jobs created. Spire pioneered the turnkey approach for module fabrication and has successfully set up dozens of factories. Our alignment with the goals of the funding available through the American Reinvestment and Recovery act adds even more value to new entrants, or those expanding into the US Market.”

Hoffmann added, “The advantages of Spire’s modular line will enable us to expand capacity in the future to support our growth. In addition, the line can also be used to produce product for building-integrated PV applications, which is key to our future plans.”

About IX Energy Holdings, Inc.

Founded in 2006, IX Energy, Inc., the wholly-owned subsidiary of IX Energy Holdings, Inc., is a renewable energy services company engaged in the design, marketing and development of solar power systems and other renewable energy solutions to federal and civilian agencies.

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