Spire Solar Establishes Spire Solar India

Spire Solar Taps in to the Vast Potential of India’s Solar Market

Spire Corporation (Nasdaq: SPIR), a global solar company providing capital equipment to manufacture photovoltaic (PV) modules, turnkey manufacturing lines and solar PV systems today announced the expansion of its international presence by establishing a wholly-owned subsidiary, Spire Solar India, LLC (Spire Solar India), a Delaware limited liability company formed to take advantage of the growing market for the Company and it’s distribution of products in India.

Spire Solar India will locate its representative office in New Delhi and aid in sales, provide rapid customer communications, provide improved after-service capabilities, and serve as a regional headquarters for equipment service operations.

Roger G. Little, Chairman and CEO, said, “India has been taking great strides to become a major competitor in the world PV market and Spire Solar intends on promoting this. With about 80% of India’s year consisting of clear, sunny days, the solar energy equivalent is greater than the country’s total energy consumption.”

Mr. Little went on to say, “Spire Solar has experienced success in India, having already installed multiple turnkey factories and equipment. This new office will enhance our reach and ensure Indian customers our pledge to not only put them in the PV business, but keep them there, every step of the way.”

“India is expected to be among the fastest growing markets for PV demand and has recently introduced the Solar Power Policy – 2009, which promotes generalization of green and clean power through solar energy and promotion of local manufacturing facilities.” Mr. Little continued, “There is a sizable amount of uncultivated land which is ideal for massive production of solar energy. With Spire Solar’s market penetration, India gains an efficient way to boost its country’s economy, and with that, the world’s.”

About Spire Corporation

Spire Corporation is a global solar company providing capital equipment to manufacture PV modules, turnkey manufacturing lines and solar PV systems. Spire Semiconductor provides processing technology for Spire’s silicon solar cell lines and produces gallium arsenide cells for solar concentrator systems. For corporate or product information, contact Spire Corporation 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 Corporation
Roger G. Little, 781-275-6000
Chairman & CEO