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Thursday, January 08, 2009

Spire (Nasdaq: SPIR )Enters into Contract with Solaria Energia of Spain for 100MW Production Line

Spire (Nasdaq: SPIR )Enters into Contract with Solaria Energia of Spain for 100MW Production Line

Multiple Solar Cell Assembly and Module Testing Machines to be Provided for 100MW Expansion

BEDFORD, Mass.--Jan 8 2009 --Spire Corporation (Nasdaq: SPIR ), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) modules worldwide, today announced that it has received its sixth contract from Solaria Energia y Medio Ambiente, S.A. (Solaria Energia) to provide module manufacturing equipment for Solaria Energia’s new facility located in Fuenmayor, Spain. Under the contract, Spire will provide state-of-the-art assembly machines, laminators, and a module simulator, all together capable of processing over 100 megawatts (MW) of PV modules per year.

“We are pleased to continue to work with Solaria on this latest increase in their production. They recognize the need to automate key manufacturing steps to increase their production. Spire has more than eighty assemblers in the field or under contract. Using today’s high efficiency cells, this represents nearly a gigawatt of production capacity. Our system is a workhorse in the industry,” said, Roger G. Little, Chairman and CEO of Spire Corporation.

Mr. Dario Lopez, Deputy General Manager of Solaria Energia, says, “This contract represents an important milestone in our expansion process and it is also an expression of our commitment and confidence in a supplier, as Spire Corporation. Solaria Energia today is one of the biggest module manufacturers in Spain and with this agreement we will be able to strengthen our position not only in Spain but also in global markets.”

About Solaria Energia y Medio Ambiente S.A.

Solaria Energia y Medio Ambiente S.A. designs, manufacturers, supplies and installs photovoltaic and thermal solutions for the utilization of Solar Power. It’s rapid expansion and technological innovation have in a few years made it one of the leading companies in the sector of renewable energies. Solaria Energia is headquartered in Puertollano, Spain with manufacturing plants in Puertollano and Fuenmayor, Spain.

About Spire Corporation

Spire Corporation is a global solar company providing turnkey production lines and capital equipment to manufacture photovoltaic cells and modules worldwide. Spire Semiconductor provides processing technology for Spire’s silicon solar cell manufacturing lines and offers custom gallium arsenide cells for solar concentrator systems. For corporate or product information, contact Spire Corporation, “The Turnkey Solar Factory Company,” at 781-275-6000, or visit www.spirecorp.com.

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-K and other periodic reports filed with the Securities and Exchange Commission.

Contacts Spire CorporationRoger G. Little, 781-275-6000Chairman & CEO

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