11.04.05

11.4.2005: Meldung: Spire Corporation to Provide Hyundai Heavy Industries

Spire Corporation today announced that it has entered into a contract to provide Hyundai Heavy Industries Co., Ltd. (HHI), of Ulsan, Korea, a multi-megawatt turnkey photovoltaic (PV) module assembly line. The line is scheduled to be delivered during the Spring of 2005.

Spire"s advanced PV module manufacturing equipment and process technology will enable HHI to manufacture state-of-the-art PV modules from solar cells to address the growing Korean and Asian solar PV market.

"Spire is extremely pleased to work with HHI, a major international fabrication firm long associated with the energy industry worldwide. There was substantial competition for this Project, and we are very pleased that Spire was chosen based upon the high quality of our equipment offering, technology transfer content and delivery schedule," said Roger G. Little, Spire"s CEO.

About Hyundai Heavy Industries

Hyundai Heavy Industries is one of the largest corporations in Korea, with a heavy emphasis on fabrication towards energy projects and shipbuilding throughout the globe.

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.

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.

Contact:
Spire Corporation
Rodger W. LaFavre
Chief Operating Officer
Tel. 781-275-6000
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