|By Business Wire||
|December 17, 2013 05:08 PM EST||
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 Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date.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.