19.05.05

19.5.2005: Meldung: Spire Solar to Provide PA.SOL Italia S.p.A. with a PV Module Line

Spire Corporation today announced that it has entered into a contract to provide PA.SOL Italia S.p.A. of Varallo Pombia, Italy, with Spire"s advanced photovoltaic ("PV") module manufacturing production line including automated equipment for solar cell stringing and lay-up, lamination, and module testing. PA.SOL selected Spire Corporation as their equipment supplier based on Spire"s superior experience, the quality of its equipment, and its proven ability to provide training assistance to build the business. Delivery is scheduled to begin in the fourth quarter of 2005.

PA.SOL was recently formed by local private investors in order to initiate local PV module manufacturing to address the growing solar market in Italy and other parts of Europe.

Mr. Roger G. Little, CEO and Chairman of Spire Corporation, said, "Spire is pleased to be awarded this contract by PA.SOL; once again the quality of our equipment combined with the proven success of our technology makes Spire the preferred contractor for new ventures entering into the PV industry."

Mr. Fabio Ferazza and Mr. Luca Ferrario, senior officers of PA.SOL, said, "We are pleased to be able to finalize our relationship with Spire and to access their high quality and competitive equipment."

Spire Solar offers proven SPI-LINE(TM) turnkey production lines for module, cell, and wafer manufacturing at production capacities ranging from a few hundred kilowatts up to 25 megawatts per year. Spire Solar also offers a series of specialty SPI-LINE production lines for manufacturers having requirements with specific technology or production, including mono-crystalline, poly-crystalline, and ribbon crystalline solar cells. Every SPI-LINE production line includes the equipment, training and process technology necessary to establish a successful module manufacturing operation. As a provider of solar electric systems and modules for distributed power generation through its affiliate, Spire Solar Chicago, Spire Solar also offers the unique capability of equipment supplier combined with proven manufacturing process experience.

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
Stephen J. Hogan, 781-275-6000
Executive VP and GM, Spire Solar


Source: Spire Corporation
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