28.08.03

28.8.2003: Meldung: Spire Corp.: New CEO David R. Lipinski

Spire Appoints David R. Lipinski as CFO
Wednesday August 27, 2:00 pm ET

BEDFORD, Mass.-- Aug. 27, 2003--Spire Corporation (Nasdaq: SPIR - News), which provides products and services based upon a common technology platform to the biomedical and solar energy industries worldwide, today announced the appointment of David R. Lipinski as Chief Financial Officer. Mr. Lipinski brings over twenty years of financial management and corporate development experience including corporate finance, strategic planning, transaction execution and international business development gained in advanced technology businesses and a financial institution.
Roger Little, President and Chief Executive Officer, said, "Mr. Lipinski brings to Spire the kind of high-powered financial management skills that the Company needs. His experience in corporate finance, as well as strategic planning and execution, will prove invaluable for Spire"s financial performance and growth. He has been a member of Spire"s Board of Directors since 2001 and is quite familiar with our operations. Mr. Lipinski will remain a Director."

"I am excited by the prospects of Spire Corporation in both the biomedical and solar energy business arenas and am mindful of the challenges as well. I am particularly pleased to be joining the Spire team as CFO," said Mr. Lipinski.

Most recently, Mr. Lipinski was Vice President at Stratos Lightwave, Inc., an optoelectronics technology business that was "carved out" from Methode Electronics in an IPO during 2000. Prior to that IPO, he had been a corporate development executive with Methode Electronics, Inc., a manufacturer of industrial and automotive electronic components and controls. His experience includes assignments as a Vice President at Comarco, Inc., a communications electronics business, and as a Vice President at Continental Bank (now Bank of America) focused on financial services for advanced technology businesses. Mr. Lipinski is also a director of Optelecom, Inc., a publicly traded optoelectronics technology business serving the security, transportation and defense industries.

Mr. Lipinski graduated with distinction from the U.S. Naval Academy with a B.S. in Physics and holds an M.B.A. in Finance from the University of New Haven. He is a Chartered Financial Analyst and a registered Professional Engineer. Mr. Lipinski is a native of Chicago and a resident of Lake Forest, Illinois.
About Spire Corporation

Spire Corporation provides products and services based upon a common technology platform to the solar energy and biomedical industries worldwide. 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. Spire Solar, Inc. provides solar electric module manufacturing equipment and produces and sells solar energy systems. For more information, please visit www.spirecorp.com.

Spire Solar Chicago is a manufacturer of solar electric panels, and is located at the Chicago Center for Green Technology on the City"s West Side. Spire provides a turnkey service to ensure systems are installed in compliance with City of Chicago building codes. Spire Solar Chicago also provides architecturally customized panels, and pre-engineered systems for installation by qualified contractors. For more information about Spire Solar Chicago, visit www.spiresolarchicago.com.

Contact:

Spire Corporation
Roger G. Little, 781-275-6000
rlittle@spirecorp.com

Source: Spire Corporation
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