19.6.2003: Meldung: Spire Corporation: Alliance With Marubeni
Tuesday June 17, 4:41 pm ET
Alliance Directed at Increasing Share of Japan"s Rapidly Expanding PV Market
BEDFORD, Mass.--June 17, 2003--Spire Corporation (Nasdaq: SPIR - News) announced today that it has renewed its technology licensing agreement for the manufacture and distribution of its solar photovoltaic (PV) manufacturing equipment with Japan"s Marubeni Corporation, one of Japan"s leading global trading firms. The technology is provided by Spire Solar, Inc., a wholly owned subsidiary that makes solar electric module manufacturing equipment and solar energy systems for distributed power generation. Under the terms of the agreement, Marubeni has rights to manufacture and distribute Spire"s PV manufacturing equipment in Japan and to Japanese companies worldwide. Spire and Marubeni may extend their cooperation beyond Japan on a case-by-case basis. The license also authorizes Marubeni to sublicense the manufacturing of Spire"s equipment to Japan"s Nisshinbo Industries, Inc., a machine tool manufacturing company. This new agreement, which runs for two years, extends an earlier license entered into in 1997.
Roger G. Little, President and CEO of Spire Corporation, said, "Spire"s alliance with Marubeni provides strong synergistic benefits for both Spire and Marubeni. Marubeni gains access to Spire"s proprietary PV manufacturing equipment know-how and Spire retains local access to one of the world"s best PV markets, accounting for nearly 45% of global solar cell production. The growth rate of the PV market in Japan remains among the highest in the world, increasing approximately 50% in 2002."
"We are pleased to extend our partnership with Spire, which will enable Marubeni to continue to offer Japan"s expanding solar electric industry with a broad line of leading-edge module manufacturing equipment," said Mr. Toshio Takabayashi, General Manager of Machinery Department, Nagoya branch, "Japan is already the world"s largest on-grid solar energy market and the government"s strong commitment to renewable energy assures sustained growth in coming years."
About Marubeni Corporation
Marubeni Corporation is one of Japan"s leading trading and investment companies with operations that range from the development of natural resources to the retail marketing of finished products. The Company, based in Tokyo, is a worldwide business network that includes more than 131 offices in 73 countries. Marubeni was originally founded in 1858.
About Spire Corporation
Spire Corporation consists of three wholly owned subsidiaries, including Spire Solar, Inc., all based upon a common technology platform. Spire Biomedical, Inc. provides processing services to improve the performance of implantable medical devices and markets specialty catheters. Spire Biophotonics Lifesciences develops biomedical instrumentation and includes Bandwidth Semiconductor, LLC, a compound semiconductor foundry providing epitaxial wafers and device fabrication services to defense, telecommunications and biomedical instrument customers. For more information, please visit www.spirecorp.com.
Source: Spire Corporation