North Coast Solar Stocks

November 16, 2009

Spire Corporation Reports Third-Quarter 2009 Results

Filed under: SPIR — Tags: , , , , , , — Jason @ 5:36 pm

— Revenues for first nine months grew 9% year over year

— Entered into Agreement to sell its medical products business unit

5:36 pm EST, Monday November 16, 2009

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing capital equipment to manufacture photovoltaic (PV) modules, turnkey manufacturing lines and solar PV systems, today reported revenues from continuing operations for the third-quarter ended September 30, 2009 of $16.5 million, as compared to $16.6 million for the same quarter of 2008. Net loss for the third-quarter of 2009 was $3.5 million, or $(0.42) per share, compared with net income of $445,000, or $0.05 per share, for the third-quarter of 2008. These losses include losses of $1.2 million and $77,000, or $(0.15) and $(0.01) per share, for the third-quarter periods of 2009 and 2008, respectively, from the Company’s medical products business unit which has been classified as discontinued operations.

Revenues from continuing operations for the first nine months ended September 30, 2009 were $50.1 million, a 9% increase from $46.2 million for the same nine month period in 2008. Net loss for the nine months ended September 30, 2009 was $9.6 million, or $(1.15) per share, compared with a net loss of $347,000, or $(0.04) per share, for the same period in 2008. These results include losses of $1.6 million and $358,000, or $(0.20) and $(0.04) per share, for the nine month periods ended September 30, 2009 and 2008, respectively, from the Company’s medical products business unit which has been classified as discontinued operations.

Net cash provided by operating activities of continuing operations was $429,000 for the nine months ended September 30, 2009, compared to net cash provided by operating activities of $2.9 million for the same period in 2008. As of September 30, 2009, the Company had cash and cash equivalents of $6.3 million of which $4.9 million is unrestricted.

Roger G. Little, Chairman and CEO, said, “We are encouraged in a tough market by a 3% growth in revenue of our solar products and services business on a year over year basis for the third quarter ended September 30, 2009, as this segment represented 82% of our total revenue. The Company delivered two module lines and several orders for capital equipment to its customers as they position for expected global expansion of PV.”

“The Company also delivered solar cells to UNICOR, a wholly-owned government corporation, for the Spire-installed turnkey PV module factory as part of its ongoing commitment and partnership in support of the federal market. The Company was also awarded a new contract to expand their current 25 megawatt (MW) module manufacturing capacity by the addition of a 50MW module manufacturing line to be located in Sheridan, Oregon.”

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October 14, 2009

Spire to Expand UNICOR Solar Module Manufacturing to 75 Megawatts

Filed under: SPIR — Tags: , , — Jason @ 9:00 am

9:00 am EDT, Wednesday October 14, 2009

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) modules and systems worldwide, today announced it has entered an agreement with UNICOR – Federal Prison Industries, Inc. (UNICOR) to expand their current 25 megawatt (MW) module manufacturing capacity by the addition of a 50MW module manufacturing line to be located in Sheridan, Oregon.

UNICOR is a wholly-owned government corporation that is authorized to operate industries, such as solar PV factories, in federal correctional institutions throughout the United States. Spire’s module manufacturing allows inmates to gain substantial “green-collar” knowledge that is highly desired by employers. By expanding to a 75MW capacity, nearly 500 jobs have been created by Spire, which ultimately provides approximately 300 inmates with marketable job skills.

Spire and UNICOR have a strong relationship. Not only does Spire supply UNICOR with solar cells for the Spire-installed turnkey PV module factory in Otisville, New York, but the two companies recently entered into a teaming agreement for Federal Solar Systems. This collaboration strengthens Spire’s presence in the federal market and provides UNICOR with the engineering support needed to provide quality systems to their customer base.

“Spire is widely known for putting new companies into the solar PV business, but also known for allowing a company to evolve with the growth of their needs and the growth of the market,” said Roger G. Little, Chairman and CEO of Spire Corporation. “UNICOR demonstrated this by transitioning from an entry-level factory, to become an even more successful and higher capacity facility.”

UNICOR’s Julie Rozier, Public Information Officer said, “We look forward to working with Spire as we expand our operation. Spire’s module manufacturing lines provide a renewable energy source for our customers, and offers constructive, technical training and job skills experience for inmates.”

UNICOR – Federal Prison Industries, Inc.

UNICOR is a self-sustaining corporation, established in 1934, operating at no cost to the taxpayer, to provide voluntary, real world, work programming for federal inmates. An integral part of the Bureau of Prisons, UNICOR contributes to the safety and security of our Nation’s Federal Correctional Facilities by keeping inmates constructively occupied; produces market-priced, quality goods and services for sale to the Federal Government; studies indicate program participants are 24% less likely to recidivate, and are 14% more likely to be gainfully employed upon re-entry into society.

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/.

September 29, 2009

Spire Enters into Commercial Agreements with Korea’s Uni-CHEM

Filed under: SPIR — Tags: , , , , — Jason @ 9:05 am

Tuesday September 29, 2009, 9:05 am EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing capital equipment to manufacture photovoltaic (PV) modules and turnkey manufacturing lines worldwide today announced that it entered into two contracts to supply Uni-CHEM Co., Ltd. (Uni-CHEM) of Seoul, South Korea, via its United States (US) entity, Uni-CHEM Solar, a 60 megawatt (MW) per year turnkey Cell Line and a 50MW per year turnkey Module Line, as well as the associated utilities and infrastructure support.

Uni-CHEM has indicated its intent to lease space from Spire at its Hudson, New Hampshire’s Spire Semiconductor facility to house the automated 60MW Cell Line and 50MW Module Line. Terms of the sub-lease are not yet fully defined and currently under negotiation. The Uni-CHEM integrated Cell and Module Lines are planned to become operational in the second half of 2010.

Additionally, Uni-CHEM has agreed it will form a US entity, which will purchase 51% of Spire Solar Systems, Spire Corporation’s system integration business, subject to definitive documentation. Such definitive agreements have not yet been finalized.

Roger G. Little, Chairman and CEO of Spire Corporation, said, “We are excited to have finalized the cell and module turnkey manufacturing agreements with Uni-CHEM. We believe their cell and module manufacturing will position them to participate in the US solar market, which is anticipated to be one of the world’s fastest growing. The total value of the contracts, including those relating to the investment in the systems integration business, is approximately $60 million.”

About Uni-CHEM Co., Ltd.

Uni-CHEM Co., Ltd. (Korea Stock Exchange: 011330.KS) produces and markets leather products for Korea’s major automakers and luxury goods companies such as Burberry and Coach. It was formerly known as Shinjin Leather Industrial Co., Ltd. and changed its name to Uni-CHEM Co., Ltd. in April 2000. The company was founded in 1974 and is based in Ansansi, South Korea. For more information, visit: http://www.uni-chem.net.

September 25, 2009

Spire Establishes Spire Taiwan LLC Branch Office

Filed under: SPIR — Tags: , , , — Jason @ 9:00 am

Spire Taiwan Extends Solar Presence to Service Asian Markets

Friday September 25, 2009, 9:00 am EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing capital equipment to manufacture photovoltaic (PV) modules and turnkey manufacturing lines today announced it has established a wholly-owned subsidiary, Spire Taiwan LLC that will have an office in Hsinchu County, Taiwan.

“Spire Taiwan will provide rapid customer communications and will enhance its growing position within the region,” said Roger G. Little, Chairman and CEO of Spire Corporation. “It is a headquarters for equipment service operations and will support customers throughout China, Korea, Japan, Malaysia, and the Philippines, as well as others in the region. The branch is also staffed with multilingual sales and service engineers, allowing our customers to receive immediate care. Spire will also be establishing a regional spare parts inventory warehouse in Taiwan.”

“And of course, Taiwan itself is a major player in solar manufacturing, having recently established the Taiwan PV Standards Committee and has initiated government incentives to stimulate the industry,” concluded Mr. Little.

To contact the Spire Taiwan branch office:

Telephone:
+886.3.667.2727

Fax:
+886.3.667.2121

Address :
Spire Taiwan, LLC
7F, No. 253, Dong Sec. 1

Guangming 6th Road
Zhubei City, Hsinchu County 302
Taiwan, R.O.C.

September 22, 2009

Spire Honored with the SOLAR Industry Award 2009

Filed under: SPIR — Tags: , , , — Jason @ 9:00 am

Spire has been chosen as the “Turnkey PV Manufacturing Line Company of the Year”

Tuesday September 22, 2009, 9:00 am EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing capital equipment to manufacture photovoltaic (PV) modules and turnkey manufacturing lines announced it has won the SOLAR PV Management Magazine’s Turnkey Company of the Year Award.

The SOLAR Industry Awards have been created to recognize the whole value chain and those people, products, and services that will develop innovative manufacturing and product approaches that have the potential to change the way we live.

Spire Solar was chosen after a fourteen-week campaign, voted on by industry professionals, and presented by the magazine’s editor-in-chief, Mr. David Ridsdale. Mr. Mark Willingham, Vice President of Marketing, has accepted the award on behalf of Spire Corporation at the 24th European Photovoltaic Solar Energy Conference and Exhibition in Hamburg, Germany.

“Being awarded the Turnkey PV Manufacturing Line Company of the Year is truly an honor,” said Roger G. Little, Chairman and CEO of Spire Corporation. “We have worked hard to achieve and uphold the high quality standards we have placed upon ourselves. Being publicly recognized for our efforts inspires us to set even higher benchmarks for success.”

For a video of Mr. Willingham’s award acceptance, please visit http://www.spiresolar.com.

September 10, 2009

Spire & UNICOR Team Up for Federal Solar Systems

Filed under: SPIR — Tags: , , , , — Jason @ 9:00 am

Spire to provide systems design and contract management expertise

Thursday September 10, 2009, 9:00 am EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing capital equipment to manufacture photovoltaic (PV) modules, turnkey manufacturing lines and solar PV systems worldwide and UNICOR – Federal Prison Industries, Inc. (UNICOR), a wholly-owned government corporation authorized to operate industries in federal correctional institutions throughout the United States (U.S.), today announced the signing of a non-exclusive Teaming Agreement to bring PV systems to the Federal Government.

Recently, Spire Solar announced the expansion of Spire Solar Systems. While continuing to supply commercial markets with solar photovoltaic electric systems, this division has broadened its services to the U.S. federal market. As a full-service organization, Spire Solar Systems offers system designs and project management to accommodate federal organizations required to achieve the mandated renewable energy goals of 7.5% by 2013 required by the Energy Policy Act of 2005 (EPACT). Spire Solar is continuing its efforts to penetrate this market by combining its resources with UNICOR.

“Spire Solar and UNICOR teaming will strengthen Spire’s presence in the federal market as well as provide UNICOR with the engineering support they need to provide quality systems to their customer base,” said Roger G. Little, Chairman and CEO of Spire Corporation. “We are confident in UNICOR’s manufacturing knowledge of the federal market and equally confident in our systems engineering expertise. Together we bring something unique to the federal marketplace.”

Julie Rozier, Public Information Officer for UNICOR, said, “We look forward to working with Spire to deliver PV systems to the federal marketplace.”

UNICOR – Federal Prison Industries, Inc.

UNICOR is a self-sustaining corporation, established in 1934, operating at no cost to the taxpayer, to provide voluntary, real world, work programming for federal inmates. An integral part of the Bureau of Prisons, UNICOR contributes to the safety and security of our Nation’s Federal Correctional Facilities by keeping inmates constructively occupied; produces market priced, quality goods and services for sale to the Federal Government; studies indicate program participants are 24% less likely to recidivate, and are 14% more likely to be gainfully employed upon re-entry into society.

September 9, 2009

Spire Corporation Reaches Agreement to Sell Hemodialysis Catheter Business for $15 Million

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

* Strategic divestiture allows Spire to further focus on the growing solar market
* Strengthens the Company’s cash position & provides additional working capital for Spire’s solar equipment business

Wednesday September 9, 2009, 8:00 am EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing capital equipment to manufacture photovoltaic (PV) modules, turnkey manufacturing lines and solar PV systems, today reported it has reached an agreement with Bard Access Systems, Inc. to sell substantially all of the assets of its hemodialysis catheter business. The purchase price payable under the purchase agreement is $15.0 million, including $14.9 million payable at closing to Spire and $100,000 to be paid to two employees of Spire, as consideration for their execution of non-competition agreements. The purchase price is subject to adjustment in the event that the value of the inventory delivered at closing is less than the estimated value of the inventory as of September 4, 2009. The closing of the transactions contemplated by the purchase agreement, subject to the satisfaction of closing conditions, is expected to occur before September 30, 2009.

Under the agreement, Bard Access Systems will also receive a license and a sublicense in the field of hemodialysis catheters to use certain intellectual property used by Spire in its Surface Treatment Business, which provides coating and surface modification services primarily to medical device customers. However, Spire will retain all rights to this licensed intellectual property outside the field of hemodialysis catheters, and otherwise will continue normal operation of this business.

Roger G. Little, Chairman and CEO of Spire Corporation, stated, “The divestiture of the hemodialysis catheter business at this time is clearly in Spire’s best strategic interest. We continue to see tremendous opportunity in the solar market and can better capitalize on these opportunities with a more focused approach. In the next several years, a significant shortfall is expected between the increase in demand for solar energy and available production capacity, especially in the United States, leading to significant factory expansion and demand for new Spire Solar capital equipment and turnkey production lines. In addition to strengthening our cash position, this transaction will allow us to properly align our priorities and resources in order to capture the substantial growth opportunities in the solar market.”

Mr. Little added, “In the seven years since we entered the medical products business, we have built a broad portfolio of hemodialysis catheter products. We are pleased that the product line has found such a good home with Bard Access Systems.”

August 27, 2009

Spire Solar Offers Input for Department of Energy Tax Credit & Loan Applications

Filed under: SPIR — Tags: , , , , — Jason @ 12:45 pm

Spire Solar, unique as a US supplier of turnkey PV manufacturing lines, offers to help new, expanding, and foreign companies set up manufacturing in America.

Thursday August 27, 2009, 12:45 pm EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing capital equipment to manufacture photovoltaic (PV) modules and turnkey manufacturing lines is offering technical and financial modeling support to companies applying for the Advanced Energy Manufacturing Tax Credit (MTC) 48C and Manufacturing Line Loan applications.

The American Reinvestment and Recovery Act of 2009 (ARRA) has authorized the Department of Treasury to award $2.3 billion in tax credits for qualified investments in advanced energy projects to support new, expanded, or re-equipped domestic manufacturing facilities. The time-critical preliminary application is due to the Department of Energy (DOE) September 16, 2009 and the final application is due October 16, 2009; all applicants will be notified of their respective tax credit award by January 15, 2010.

Spire Solar has distinguished itself as a US supplier of turnkey PV module and cell lines, including domestically manufactured equipment. A key advantage of Spire Solar’s photovoltaic equipment, made locally in the US, is it adds to evaluation points for indirect job creation.

Having participated in numerous Department of Energy programs over the company’s 40 year history, much of Spire Solar’s DOE activities have addressed the development of advanced PV equipment and technology. Such experience has allowed Spire Solar to continuously provide the leading edge manufacturing technology to its extensive customer base.

In support of the ARRA applications, Spire Solar can provide specific factory designs, factory management assistance, analysis of job creation from factory installations, plant and facility design, factory siting guidance, and manufacturing cost analysis for business plan input. Spire Solar’s input is valuable for those newly pioneering this sector in America, those aiming to enhance their present manufacturing lines, and for foreign companies wishing to contribute to the rapidly expanding US PV market.

“Spire Solar offers a great advantage to applicants of the MTC,” said Roger G. Little, Chairman and CEO of Spire Corporation. “We have compiled dynamic factors needed to support applicants wanting to successfully achieve approval for the $2.3 billion tax credits.” Mr. Little continued, “Not only is Spire’s turnkey equipment American-made, but earlier this year, we launched a Succeed in America campaign and have been focusing a substantial amount of our efforts on creating US jobs.”

For more information on the MTC and using Spire Solar’s expertise, visit our Succeed in America page at: http://spirecorp.com/spire-solar/spire-services-and-support/succeed-in-america.php.

August 14, 2009

Spire Corporation Reports Second-Quarter 2009 Results

Filed under: SPIR — Tags: , , , , , — Jason @ 4:59 pm

* Record revenues of $22.2 million with year-to-year quarterly growth of 39%.
* Spire solar products and services now represent 86% of total revenues.

Friday August 14, 2009, 4:59 pm EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (Nasdaq: SPIR – News), a global solar company providing capital equipment to manufacture photovoltaic (PV) modules, turnkey manufacturing lines and solar PV systems, today reported revenues from continuing operations for the second-quarter ended June 30, 2009 of $22.2 million, a 39% increase from $16 million for the same quarter of 2008. Net loss for the second-quarter of 2009 was $4.6 million, or $(0.55) per share, compared with a net loss of $269,000, or $(0.03) per share, for the second-quarter of 2008. These losses include losses of $201,000 and $167,000, or $0.03 and $0.02 per share, for the second-quarter periods of 2009 and 2008, respectively, from the Company’s Medical Products Business unit which has been classified as discontinued operations.

Revenues from continuing operations for the first six months ended June 30, 2009 were $33.6 million, a 13% increase from $29.6 million for the same six month period in 2008. Net loss for the six months ended June 30, 2009 was $6.1 million, or $(0.73) per share, compared with a net loss of $792,000, or $(0.10) per share, for the same period in 2008. These results include losses of $391,000 and $281,000, or $(0.05) and $(0.04) per share, for the six month period ended June 30, 2009 and 2008, respectively, from the Company’s Medical Products Business unit which has been classified as a discontinued operation. Also, during this period we initiated the dissolution of our solar systems joint venture which represented a loss of $1,023,000 in the first six months of 2009.

Net cash used in operating activities of continuing operations was $1.2 million for the six months ended June 30, 2009, compared to net cash provided by operating activities of $4.0 million for the same period in 2008. As of June 30, 2009, the Company had cash and cash equivalents of $5 million of which $3.5 million is unrestricted.

Roger G. Little, Chairman and CEO, said, “We are pleased that we had record revenues this quarter with solar products and services, growing 51% from a year ago, and now representing 86% of our total revenue. A significant contribution came from the acceptance of our highly automated 50MW/year module assembly line by Martifer Solar of Portugal.”

“Spire re-directed its solar PV systems group to focus on Federal systems, after initiating the process of dissolution of its systems joint venture. Spire Solar Systems will provide American systems to Federal agencies creating American jobs.”

“Spire Semiconductor continued to advance its solar cell technology by achieving a major milestone toward the 42% efficiency goal of its National Renewable Energy Laboratory contract for a triple junction, 500 sun, concentrator solar cell.”

“To provide working capital for our growing solar business, we negotiated an expanded $8 million revolving credit facility with Silicon Valley Bank,” concluded Mr. Little.

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August 10, 2009

Spire Solar Establishes Spire Solar India

Filed under: SPIR — Tags: , , , , , — Jason @ 12:09 pm

Spire Solar Taps in to the Vast Potential of India’s Solar Market

Monday August 10, 2009, 12:09 pm EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing capital equipment to manufacture photovoltaic (PV) modules, turnkey manufacturing lines and solar PV systems today announced the expansion of its international presence by establishing a wholly-owned subsidiary, Spire Solar India, LLC (Spire Solar India), a Delaware limited liability company formed to take advantage of the growing market for the Company and it’s distribution of products in India.

Spire Solar India will locate its representative office in New Delhi and aid in sales, provide rapid customer communications, provide improved after-service capabilities, and serve as a regional headquarters for equipment service operations.

Roger G. Little, Chairman and CEO, said, “India has been taking great strides to become a major competitor in the world PV market and Spire Solar intends on promoting this. With about 80% of India’s year consisting of clear, sunny days, the solar energy equivalent is greater than the country’s total energy consumption.”

Mr. Little went on to say, “Spire Solar has experienced success in India, having already installed multiple turnkey factories and equipment. This new office will enhance our reach and ensure Indian customers our pledge to not only put them in the PV business, but keep them there, every step of the way.”

“India is expected to be among the fastest growing markets for PV demand and has recently introduced the Solar Power Policy – 2009, which promotes generalization of green and clean power through solar energy and promotion of local manufacturing facilities.” Mr. Little continued, “There is a sizable amount of uncultivated land which is ideal for massive production of solar energy. With Spire Solar’s market penetration, India gains an efficient way to boost its country’s economy, and with that, the world’s.”

Spire Solar Systems Expands Focus on the Federal Market

Filed under: SPIR — Tags: , , , — Jason @ 9:00 am

An American Company, Creating American Jobs, Providing Solar PV Systems to the Federal Government

Monday August 10, 2009, 9:00 am EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing capital equipment to manufacture photovoltaic (PV) modules, turnkey manufacturing lines and solar PV systems today announced the expansion of Spire Solar Systems towards the federal systems market.

Spire entered the PV systems market in November 1999, originally as Spire Solar Chicago, where it fielded systems for a number of Chicago’s city projects, including systems for many of the major museums. In July 2007, Spire formed a joint venture with a Taiwanese company to provide commercial systems in the United States; the joint venture is currently in the process of being liquidated. As a result, Spire Corporation, federally classified as a small business, has expanded its systems group, mainly focusing its efforts on the U.S. Federal market.

The Spire Solar Systems team, originally established in 1994, consists of experienced engineers and managers, well versed in the renewable energy field. As the industry grew, so did the Systems team, which has been expanded upon and has re-focused on the U.S. Federal market. Spire Solar Systems is now a full-service organization, offering system designs and project management to accommodate those federal organizations required to achieve the mandated renewable energy goals of 7.5% by 2013 required by the Energy Policy Act of 2005 (EPACT).

Spire Corporation has long been a U.S. government contractor and proficient in the federal procurement process. Also, Spire engineers have experience in dealing with requirements of federal building codes. Spire’s payback analysis modeling has been developed specifically for the federal market by taking into consideration the idiosyncrasies of the U.S. stimulus package, also known as the America Reinvestment and Recovery Act of 2009.

“We are an American company that creates American jobs by providing PV systems to the federal government,” said Roger G. Little, Chairman and CEO of Spire Corporation. “Spire Solar Systems is also an outlet for modules manufactured by our turnkey module line customers. This connection supports our overall strategy of encouraging distributed local module manufacturing.”

July 30, 2009

U.S. Department of Energy to invest up to $11.8 million in solar energy grid integration systems

Filed under: SPIR — Tags: , , , , , — Jason @ 12:00 pm

30 July 2009
By Tom Cheyney

Up to $11.8 million will be invested by the U.S. Department of Energy in five projects designed to advance the next stage of development of solar energy grid integration systems (SEGIS), as part of a partnership program begun by DOE in 2008. The selected projects focus on the most promising technology advances and include development of intelligent system controls.

“Solar energy will be a critical factor in achieving the President’s goal of creating new jobs as part of a clean energy economy,” said Energy Secretary Steven Chu. “By integrating renewable energy onto the grid now, we can deliver power more reliably and effectively, lower utility bills for American families, and help rebuild our economy along the way.”

The five selections include:

* PVPowered ( Bend, OR): PVPowered will partner with Portland General Electric (Portland, OR), South Dakota State University (Brookings, SD), Northern Plains Power Technologies (Brookings, SD), Schweitzer Engineering Laboratories (Pullman, WA), and Sensus (Raleigh, NC). The project will reinforce the fundamental objectives of the SEGIS program to optimize interconnections across the full range of emerging PV module technologies through innovative systems integration. (DOE cost share: up to $3 million)

* Petra Solar (South Plainfield, NJ): Petra Solar will work with the University of Central Florida (Orlando, FL) and fifteen electric utilities with service in New Jersey, Pennsylvania, Ohio, Delaware, Maryland, the District of Columbia, Florida, and Texas. This project complements the mission of the solar program to achieve the widespread adoption of solar energies. It supports improving reliability and resiliency so that high levels of PV integration can be adapted. (DOE cost share: up to $2.9 million)

* Princeton Power of Princeton, NJ: Princeton Power will work with Transistor Device Inc (TDI), LaGuardia Community College (New York, NY), Idyllwild Municipal Water District (San Diego, CA), National Oceanographic and Atmospheric Administration (Princeton, NJ), Princeton Plasma Physics Laboratory (Princeton, NJ), Premier Power, SPG Solar (Novato, CA), and Spire (Bedford, MA). This project focuses on lowering manufacturing costs through integrated controls for energy storage and develops new inverter designs. (DOE cost share: up to $2.8 million)

* Apollo Solar of Bethel, CT: Apollo Solar will work in collaboration with Saft Batteries (Valdosta, GA), the Electric Power Research Institute (Knoxville, TN), and California Independent System Operator (Folsom, CA). This project creates innovative inverters using energy storage and two-way communications between solar electrical systems and utilities. (DOE cost share: up to $1.5 million)

* Florida Solar Energy Center/UCF: Florida Solar Energy Center will work with Satcon Technology (Boston, MA), Sentech (Bethesda, MD), SunEdison (Beltsville, MD), Cooper Power Systems EAS (Minneapolis, MN), Northern Plains Power Technologies (Brookings, SD), and Lakeland Electric Utilities (Lakeland, FL). This project focuses on solving technical challenges that must be overcome to include higher PV penetration levels in larger electrical systems. (DOE cost share: up to $1.3 million)

About $5 million of the allocated funds will come from the American Recovery and Reinvestment Act.

Spire Delivers Turnkey Solar Module Manufacturing Line to Sova in India

Filed under: SPIR — Tags: , , — Jason @ 9:00 am

Thursday July 30, 2009, 9:00 am EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) cells, modules, and solar systems worldwide, today announced that it has delivered a PV module assembly line to Sova Power Limited (“Sova”) located in Durgapur, West Bengal, India. Stepping up into the green and renewable energy sector, Sova, along with Spire’s industry expertise and superior equipment line, will provide a state-of-the-art PV module assembly line in India.

Spire has provided Sova with a semi-automated crystalline silicon module manufacturing line capable of producing up to 12 megawatts of solar modules per year. It will integrate Spire’s key interconnect, lamination, and testing machines, along with intermediate tooling stations. Spire will supply the process technology and training to operate the factory, as well as assistance in qualifying the factory’s modules to international standards and certification. The line is designed to be easily expandable at a later date.

“We are excited Sova has chosen Spire to provide our turnkey line solution. This order demonstrates how India is becoming a major player in the solar industry and continuously strives to be the leader,” said Roger G. Little, Chairman and CEO of Spire Corporation. “Spire’s ability to deliver a complete solar factory, as well as the training needed to succeed in the solar market, enables companies with limited exposure to the industry to efficiently add solar module manufacturing to their business portfolio,” concluded Mr. Little.

“We are excited to work with Spire, the industry leader, on this important new venture,” said Sajal Das, CEO of Sova Power Limited. “The solar market is expanding rapidly in India and Spire offers the quickest, most efficient path to joining the industry. We are confident that Spire’s industry expertise and superior manufacturing equipment position us for success as we integrate solar manufacturing into our existing business.”

About Sova Power Limited

Sova Power Limited, a group company of “Sova Group,” having the expertise and experience in the iron and steel industry, is keen to be a leader in the solar PV business. Sova Power Limited provides solar module panel products service, technical support and installation of solar modules. Sova Group has its headquarters in Kolkata, India with its Sova Power Limited manufacturing facility located in Durgapur, West Bengal, India.

July 15, 2009

Martifer Solar’s 50MW Automated Module Production Line Completed

Filed under: SPIR — Tags: , , , , — Jason @ 9:30 am

Spire’s 50MW Automated Line is One of the Most Advanced in the World.

Wednesday July 15, 2009, 9:30 am EDT

BEDFORD, Mass. & OLIVEIRA DE FRADES, Portugal–(BUSINESS WIRE)–Martifer Solar, located in Portugal, and Spire Corporation (SPIR), located in Bedford, Massachusetts, jointly announced that Martifer Solar accepted last month Spire’s 50 megawatt (MW) per year automated module production. Both Spire and Martifer are fully satisfied with the performance of the Portuguese company’s photovoltaic (PV) factory. The fully automated turnkey module manufacturing line uses robotic systems for material handling and processing.

Mr. Leandro Bento, Factory Manager of Martifer Solar, said, “It is complex to establish a high-tech automated factory. We are pleased with the support that we received from Spire to reach our designated goals and to achieve unequivocal acceptance. This line makes Martifer Solar one of the most efficient manufacturers in the solar industry and we are proud to have completed our first two megawatts of PV module production.”

Mr. Roger G. Little, Chairman and CEO of Spire Corporation, stated, “This line is completely automated, making it one of the most advanced module factories in the world. We combined Spire’s process knowledge with our state-of-the-art manufacturing equipment and the latest in robotics and automation. The result is a high speed, high yield cost effective production line producing top quality PV modules.”

Spire has successfully automated the steps that are typically done manually. These included automation of string bussing, encapsulate trimming, module framing, junction box attachment, hi-pot testing and module simulation characterization. For this project, Spire subcontracted with KUKA Systems GmbH in Germany. The quality robots and engineering expertise provided by KUKA were critical in the success of the program.

About Martifer Solar

The Martifer Group is composed of 120 companies spread across 18 countries; its activity is divided into four areas: metallic construction, energy systems, electricity generation and agriculture and bio fuels. Martifer has been listed on the Lisbon Stock Exchange since 2007. Martifer Solar is a division of solar energy of the Martifer Group, established in Italy, Greece, Belgium, France, Portugal, Spain and the United States. During 2007, the company participated in the implementation of over 35MW of PV solar energy throughout Europe.

June 25, 2009

Spire Secures Expanded $8 Million Revolving Credit Facility with Silicon Valley Bank

Filed under: SPIR — Tags: , , , — Jason @ 2:30 pm

Thursday June 25, 2009, 2:30 pm EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) modules and solar systems worldwide, today announced that it has amended its current Revolving Credit Facility. In addition to the amended $3 million facility, the Company has added an additional $5 million revolver under an Export-Import Credit Facility which is backed by a guarantee from the Export-Import Bank of the United States (the “Ex-Im Bank”). The existing Equipment Credit Facility will be retained with no additional funds available under that line. In the aggregate, the Company will have availability of up to $8 million over the next year.

Roger G. Little, Chairman and CEO of Spire Corporation, commented, “We are pleased to receive these credit facilities, which improve our liquidity to support our growth. Silicon Valley Bank has been a good financial partner. Even with the tough banking environment, we were also able to increase the loan availability with the assistance of the guarantee offered by Ex-Im Bank.”

“Spire is well positioned in the growing PV solar renewable market,” said Jay T. Tracy of Silicon Valley Bank’s Boston office. “We are glad we are able to renew our commitment to the Company and help it meet its growth objectives, particularly in such a challenging economy.”

About Silicon Valley Bank

Silicon Valley Bank is the premier commercial bank for companies in the technology, life science, venture capital and premium wine industries. SVB provides a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients’ success. Founded in 1983 and headquartered in Santa Clara, California, the company serves clients around the world through 27 U.S. offices and international operations in China, India, Israel and the United Kingdom. Silicon Valley Bank is a member of global financial services firm SVB Financial Group (Nasdaq: SIVB – News), with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. More information on the company can be found at http://www.svb.com.

June 11, 2009

Spire and Gloria Solar to Dissolve Systems Joint Venture

Filed under: SPIR — Tags: , , , , , — Jason @ 2:30 pm

Spire to form Spire Solar Systems to pursue U.S. PV systems installation business.

Thursday June 11, 2009, 2:30 pm EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) modules worldwide, and Gloria Solar Co., Ltd., (“Gloria Solar”) of Tainan, Taiwan, a leader in PV module manufacturing, announced today that they have reached an agreement to liquidate their Joint Venture, Gloria Spire Solar, LLC (“GSS”), which performed PV systems integration within the United States (U.S.).

Over the past several months, with the pause in the market for PV systems, Spire and Gloria reassessed their strategies for their respective solar product lines and reached the decision that the best course of action was to dissolve GSS. The companies agreed to an allocation of the remaining assets of GSS including cash, after all liabilities have been paid. Each company will also receive a share of project leads. Spire Solar Systems will continue to support the current customer base.

Spire will re-establish this business as “Spire Solar Systems” which will continue to provide PV systems integration for the U.S. market. Spire Solar Systems will be located at Spire’s headquarters in Bedford, Massachusetts. To maintain continuity with the existing client base, it will be staffed by several key employees from GSS and will operate under Stephen Hogan, Executive Vice President and General Manager of Spire Corporation, as acting CEO of Spire Solar Systems.

“This new direction will free Spire to develop new opportunities emerging rapidly in the U.S. systems market, stimulated by the federal funding,” said Roger G. Little, Chairman and CEO of Spire Corporation. “Also, Spire Solar Systems can provide an outlet for modules manufactured by our turnkey module line customers. Additionally we can provide systems design, training, and integration services to these customers. This approach supports our overall strategy of encouraging distributed local module manufacturing.”

June 4, 2009

Spire to Use Rudolph Technologies’ Process Control Software in its Turnkey Solar Cell Lines

Filed under: SPIR — Tags: , , — Jason @ 9:00 am

Thursday June 4, 2009, 9:00 am EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) modules worldwide, and Rudolph Technologies, Inc., (“Rudolph”) (RTEC), a leader in process characterization solutions for semiconductor and photovoltaic manufacturing, today announced they have reached an agreement to include Rudolph’s Discover Solar™ yield analysis and process management software as part of Spire’s turnkey manufacturing product lines.

“Rudolph’s Discover Solar Software provides all the process information to our solar cell production lines. It will allow our customers to bring new lines up to profitable yields and volumes even faster than they can now,” said Dr. Avishai Kepten, Vice President of Solar Cell Lines of Spire Corporation. “Customers will be able to achieve higher average cell efficiencies and reduce manufacturing costs. Discover Solar software will give our customers a competitive edge.”

“We are delighted to have this opportunity to work with Spire,” said Mike Plisinski, Vice President and General Manager of Rudolph’s Data Analysis business. “Discover Solar Software is the first yield management tool specifically designed to help PV manufacturers to maximize the efficiency of their cell devices, as well as optimize their production processes.”

About Rudolph Technologies, Inc.

Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology, defect inspection and data analysis systems used by semiconductor device manufacturers. Headquartered in Flanders, New Jersey, Rudolph supports its customers with a worldwide sales and service organization. Additional information can be found on Rudolph’s website at http://www.rudolphtech.com.

May 27, 2009

Spire Receives U.S. Patent for Nanophotovoltaic Devices

Filed under: SPIR — Tags: , , , — Jason @ 9:00 am

Tiny solar cells may provide novel therapeutic action

Wednesday May 27, 2009, 9:00 am EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic modules worldwide, today announced that the United States Patent and Trademark Office has issued U.S. Patent No. 7,514,725 B2 entitled “Nanophotovoltaic Devices.”

This patent is for nanophotovoltaic devices formed from silicon or gallium arsenide having sizes in a range of about 50 nanometers to about 5 microns, and method of their fabrication.

Although there are a number of applications, the patent describes one application which is to inject nanophotovoltaic devices into diseased tissue, e.g., cancerous tissue, and activate these cells by the use of suitable radiation. These cells will generate electric fields in the tissue, causing a disruption of the cancerous cells.

Roger G. Little, Chairman and CEO of Spire Corporations, and co-inventor, said, “This is an extension of our solar energy technology into biotherapeutics. Functionalized nanophotovoltaic devices can go to cancerous cells in the body and when exposed to tissue penetrating light, may provide sufficient electrical energy to destroy the cells. We are continuing to exploit this technology in our research and development activities.”

May 21, 2009

Spire Expands its International Solar Reach

Filed under: SPIR — Tags: , , , — Jason @ 9:00 am

Thursday May 21, 2009, 9:00 am EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) modules and cells worldwide, today announced it has appointed three new companies to represent Spire internationally: Servo Dynamics Co., Ltd. in The People’s Republic of China; Energy Control Systems for the Islamic Republic of Pakistan; and PV Middle East for the Gulf Arab States.

Servo Dynamics Co. is one of the leading automation and industrial solution providers in the Asian-Pacific region. They are dedicated to promoting and providing solutions for motion control technologies and developing business opportunities for mechanical and electronic motion control companies. Servo Dynamics will support Spire’s expanding activities in The People’s Republic of China.

Roger G. Little, Chairman and CEO of Spire Corporation said, “It is crucial for Spire to enhance our strong presence in China. China is one of the biggest countries involved in the solar industry and its solar growth potential is outstanding, driven by both international markets and new government policies which will accelerate their solar demand.”

“Energy Control Systems has been chosen to represent Spire in Pakistan. The core business of Energy Control Systems has been silicon-based technology. Spire finds this area important since the Pakistan Alternative Energy Board is actively seeking ways to enhance solar power production.”

“PV Middle East will represent Spire in the Gulf Arab States including Bahrain, Kuwait, Oman, Qatar, the Kingdom of Saudi Arabia and the United Arab Emirates.”

Mr. Little continued, “The solar industry is booming in Pakistan and the Gulf Arab States. Kuwait’s Ministry of Energy and Water is actively researching solar power prospects, Abu Dhabi launched a $10 billion program dedicated to renewable energy, and Qatar is positioning itself to be a major player in the global solar industry in the next five to six years. Spire is taking advantage of each of these opportunities by making our presence know in these areas.”

May 15, 2009

Spire Corporation Reports Results for First-Quarter 2009

Filed under: SPIR — Tags: , , , , , — Jason @ 4:10 pm

— Company initiates “Come to America” program to take advantage of the stimulus legislation.

— Spire Semiconductor awarded $3.7 million 20% cost share program from Department of Energy.

Friday May 15, 2009, 4:10 pm EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) modules and cells worldwide, today reported revenues for the first-quarter ended March 31, 2009 of $12.3 million, a 15% decrease from $14.5 million for the same quarter of 2008. Net loss for the first-quarter of 2009 was $1.5 million which includes a gain of $1.54 million from the termination of a contract, or $0.18 per share, compared with a net loss of $523,000, or $0.06 per share, for the first-quarter of 2008.

Net cash used in operating activities was $2.8 million for the three months ended March 31, 2009 compared to net cash provided by operating activities of $936,000 for the same period last year. As of March 31, 2009, Spire had $6.4 million in cash and cash equivalents of which $2.3 million is unrestricted. Other expenses were $129,000 for the first-quarter of 2009 compared to $304,000 for the first-quarter of 2008.

Roger G. Little, Chairman and CEO, said, “The ongoing global recession impacted our business in the first-quarter as PV companies continue to be cautious with their capital expansions and financing remains tight; this was a disappointing quarter. Our sales were down principally due to delayed acceptances on two substantial orders. Timing of delivery on large projects can cause our revenues to vary dramatically from quarter to quarter.”

“Overall, we continue to see tremendous opportunity in the market and although our bookings have slowed, we have seen our sales and marketing activities increase as our focus on the United States market opportunity is kicking in. The American Recovery and Reinvestment Act has a strong focus on renewable energy and an opportunity for buying American-made equipment.”

“Additionally, in the next several years, a significant shortfall is expected between the increase in demand for solar energy and available production capacity, leading to significant factory expansion and demand for new Spire Solar capital equipment. We have initiated a new ‘Come to America’ program to take advantage of these opportunities.”

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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.

April 6, 2009

Spire Semiconductor to Develop 42% Efficient Concentrator Solar Cells

Filed under: SPIR — Tags: , , , , — Jason @ 9:00 am

* NREL awards Spire Semiconductor a contract to develop triple junction 42% efficiency concentrator cells.
* Technology developed will provide the processing platform for Spire’s “Triathlon” series of commercial concentrator solar cells.

Monday April 6, 2009, 9:00 am EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR) today announced that its wholly owned subsidiary, Spire Semiconductor, LLC, has been awarded an 18-month, $3,706,359 program by the Department of Energy’s National Renewable Energy Laboratory (NREL), consisting of $2,960,850 in government funding and a $745,509 cost share. Under the contract, Spire Semiconductor will develop next-generation manufacturing technology to produce 42% efficient III-V three junction tandem concentrator solar cells.

Edward D. Gagnon, General Manager of Spire Semiconductor, stated, “We are pleased that NREL selected Spire to participate in this highly competitive Photovoltaic (PV) Technology Incubator program, whose goal is to shorten the timeline for companies to transition prototype and pre-commercial PV technologies into pilot and full-scale manufacture. Our new growth technique has the potential for producing concentrator cells with record-level efficiencies with lower manufacturing costs and higher reliability.”

Roger G. Little, Chairman and CEO of Spire Corporation, added, “Spire has been involved in the solar energy market for over 25 years. Development of this cell will put us in an excellent position to capitalize on the growing market opportunity for custom gallium arsenide (GaAs) based solar cells for Concentrator Photovoltaic (CPV) systems. Our Spire Semiconductor facility has state-of-the-art capabilities for producing these devices. We plan to offer our new series of triple junction “Triathlon” concentrator solar cells to system integrators around the world.”

March 31, 2009

Spire Corporation Reports Record Results for Fourth-Quarter and Year-End 2008

Filed under: SPIR — Tags: , , , — Jason @ 4:24 pm

2008 revenues increase 85% from record turnkey solar factory and capital equipment sales.
2008 net income was $4.8 million principally from a gain on a contract termination.
$54 million order for solar cells received from a turnkey line customer, Federal Prison Industries.

Tuesday March 31, 2009, 4:24 pm EDT

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic modules and cells worldwide, today reported record revenues for the year ended December 31, 2008 of $68.7 million, a 85% increase from $37.1 million in 2007. In addition, the Company recorded a $6.8 million gain on a contract termination resulting in net income of $4.8 million or $0.56 per diluted share for the year, compared with a net loss of $1.9 million, or $0.23 per diluted share, for 2007. We had an operating loss for the year of $267,000 before the gain on the contract termination.

Spire’s revenues for the fourth-quarter ended December 31, 2008 were $19.7 million, an increase of 69% from $11.6 million in the fourth-quarter of 2007, a record for the Company. Net income for the quarter was $5.1 million or $0.61 per diluted share, compared to a net loss of $1.1 million or $0.13 per share for the fourth-quarter of 2007. We had an operating loss of $878,000 in the fourth-quarter of 2008 before the gain on the contract termination.

Below the operating line for 2008, other expenses were $1.45 million which included a non-cash loss of $807,000 from our unconsolidated investment in our joint venture, Gloria Spire Solar, net interest expense of $212,000 and a foreign exchange loss of $430,000. For the fourth-quarter of 2008, other expenses totaled $491,000 compared to $95,000 for the same period last year. A provision of $270,000 for income taxes was made for 2008 compared to a benefit of $877,000 in 2007 due to a net operating loss for the year.

Net cash flow from operating activities was $5.5 million for the year ended 2008 compared to an operating cash flow loss of $7.3 million for the same period last year. At year-end 2008, Spire had $6.0 million in unrestricted cash and cash equivalent.

Roger G. Little, Chairman and CEO, said, “The fourth-quarter of 2008 was our eighth straight quarter of record revenue growth, mostly coming from solar turnkey lines and equipment. We delivered turnkey lines to India, Taiwan, China, and the United States. We also received a $54 million contract to supply solar cells to one of our customers, the Federal Prison Industries for two years.”

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March 9, 2009

Spire Offers a Module Engineering Platform

Filed under: SPIR — Tags: , , — Jason @ 9:00 am

Monday March 9, 9:00 am ET

New platform designed to enable universities, companies, government and corporate research and development organizations to evaluate new materials and designs for producing solar modules.

BEDFORD, Mass.–(BUSINESS WIRE)–Spire Corporation (SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) modules worldwide, today announced that it is making available a new simple development engineering platform for universities, companies, government laboratories and corporate research and development organizations to develop and evaluate their new materials and designs for photovoltaic modules.

This development engineering platform has all of the necessary pieces of equipment to make world-class PV modules. The platform includes a Spi-StringerTM that solders solar cells together into strings; a Spi-LaminatorTM for encapsulating the cells, usually between glass and a polymer; a Spi-Sun SimulatorTM to characterize performance of the completed module and a recommended list of ancillary equipment.

Also included is training on all of the equipment and the process knowledge to make a state-of-the-art module. The development engineering platform includes a list of recommended materials, a basic crystalline module design and a “How to Make a PV Module” instruction book as a starting point for researchers to work from and for evaluating their own technology.

“This development engineering platform will allow for a broad range of researchers and organizations to become involved in solar energy for a modest investment,” said Roger Little, Chairman and CEO of Spire Corporation. “The availability of this development platform is intended to accelerate the introduction of new PV module technology into the industry. It is also intended to provide students with access to real world equipment and processes which may lead them into a career in solar energy.”

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