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Spire To Deliver 25MW Solar PV Module Assembly Line To India

Stocks in this article: SPIR

Spire Corporation (Nasdaq: SPIR), a global solar company providing capital equipment and turn-key manufacturing lines to produce photovoltaic (PV) modules, and engineering, procurement and construction (EPC) integration services for solar systems, announced today it has been selected by Sonali Energees Pvt. Ltd. (Sonali Solar) of Gujarat, India to provide a 25 megawatt (MW) PV module turn-key assembly line. This assembly line includes a state-of-the-art Spi-EL TM Electroluminescence Tester and also has the ability to produce glass to glass modules for building-integrated photovoltaics (BIPV) applications.

“With the recent expansion of our sales and service support in India, we are pleased to receive this 25MW PV production line order from Sonali Solar,” said Roger G. Little, Chairman and CEO of Spire Corporation. “Sonali Solar is a strong company with a prestigious reputation, not only in India, but worldwide.”

“There is a great need for solar power in India and around the world. Recent programs implemented by the Indian government have contributed to rapid growth of PV systems throughout the country. The Indian government has also set up incentives for local content and supply to encourage domestic manufacturing. Sonali Solar is taking advantage of this opportunity,” concluded Mr. Little.

Mr. Pankaj H. Desai, President and CEO of Sonali Solar, said, “We are happy that Spire is supplying our company with a state-of-the-art 25MW PV module assembly line. With this new assembly line, Sonali will be able to grow its business in both domestic and export markets. The company’s goal is to produce a highly reliable and efficient product that is affordable to each and every consumer. We have been pleased with the local support that Spire has provided during our evaluations.”

About Sonali Energees Pvt. Ltd.

Sonali Solar is a vertically integrated PV manufacturer with design, production, and marketing specialties. Sonali’s manufacturing facility is located in the Special Economic Zone near Surat in South Gujarat, India. The company is currently marketing in North and South America, Europe and in India. To learn more about Sonali Energees Pvt. Ltd., visit www.sonalisolar.com or email info@sonalisolar.com.

About Spire Corporation

Spire Corporation is a global solar company providing capital equipment and turn-key production lines to manufacture PV modules. For more information, visit www.spirecorp.com.

Certain matters described in this press 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.



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