Major Korean Company Purchases Spire’s Advanced Simulator and EL Test Equipment for a Highly Automated PV Module Manufacturing

  Major Korean Company Purchases Spire’s Advanced Simulator and EL Test
  Equipment for a Highly Automated PV Module Manufacturing Facility

Business Wire

BEDFORD, Mass. -- December 17, 2013

Spire Corporation (OTCQB:SPIR), a global solar company providing capital
equipment and turn-key manufacturing lines to produce photovoltaic ("PV")
modules and optoelectronics thin film services, announced today that a major
Korean company has purchased Spire’s Advanced Test and Metrology equipment
including Simulator and Electroluminescence ("EL") Test equipment for a highly
automated module manufacturing facility.

Initial production volume will be 100 megawatts ("MW") of high-efficiency
crystalline silicon ("c-Si") modules. In addition, implementation of a phased
production plan is expected to produce over 400MW of c-Si modules supporting
the demand for utility-scale power installations. The manufacturing facility
is a highly automated inline factory including manufacturing execution systems
communications, material identification, and integrated tracking over the
entire production line. Spire is providing the process and technical expertise
to integrate the multiple Simulator and EL Test equipment. Initial production
is planned to fulfill installation requirements in early 2014.

Mr. Roger G. Little, Chairman and Chief Executive Officer, said, "We are very
excited about the initial project and our long-term relationship as the
manufacturing facility ramps its production volume over the next few years."

About Spire Corporation

Spire Corporation is a global solar company providing technology, equipment
and turn-key production lines to manufacture PV modules and providing
optoelectronics thin film services. For further details on the Company and its
products, please visit www.spirecorp.com.

Certain matters described in this press release including those relating to
Spire’s prospects for growth constitute forward-looking statements under the
federal securities laws. The discussion of forward-looking information
requires management of the Company to make certain estimates and assumptions
regarding the Company’s strategic duration and the effect of such plans on the
Company’s financial results. Forward-looking statements contained in the press
release speak only as of the date of this release. Subsequent events or
circumstances occurring after such date may render these statements incomplete
or out of date. The Company undertakes no obligation and expressly disclaims
any duty to update such statements.

Contact:

Spire Corporation
Roger G. Little, 781-275-6000
Chairman & CEO
 
Press spacebar to pause and continue. Press esc to stop.