North Coast Solar Stocks

October 6, 2009

Spire to Receive Award From Ex-Im Bank for Export Business

Filed under: SPIR — Tags: , , , — Jason @ 8:00 am

8:00 am EDT, Tuesday October 6, 2009

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) modules worldwide, announced that its Vice President of Marketing, Mr. Mark Willingham, will accept an award of behalf of Spire Corporation from Export-Import Bank of the United States (Ex-Im Bank), today, October 6, 2009, at the Successful Small Business Export Strategies: Eight-City “Exports Live!” seminar series at the Seaport World Trade Center in Boston, Massachusetts.

Ex-Im Bank is honoring Spire Corporation due to a $5 million Export-Import working capital credit facility it entered into with its lender Silicon Valley Bank, which was backed by a guarantee from Ex-Im Bank. This was a significant transaction for Ex-Im Bank during its most recent completed fiscal year.

“Although 95 percent of the world’s customers are located outside of the United States, the vast majority of American companies aren’t currently accessing this global market because of perceived difficulties in successfully finding and financing foreign sales,” said Ex-Im Bank Chairman and President Fred P. Hochberg. “We plan to show seminar participants how to overcome these difficulties.”

“With the exponential growth of the global solar industry, we are appreciative to have the ability to increase our loan availability for working capital with the assistance of Ex-Im Bank,” said Roger G. Little, Chairman and CEO of Spire Corporation. “Since we do a significant amount of business throughout the world, we are happy to present our exporting experience at the Exports Live! seminar.”

The award acceptance and the presentation, Worldwide Growth of Solar Energy, given by Mr. Willingham, will occur from 12:15 to 1:15pm (EDT).

For more information about this event, visit: http://www.export.gov/exports_live/boston/.

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