Spire Delivers Turnkey Solar Module Manufacturing Line to Sova in India
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BEDFORD, Mass.--(Business Wire)--
Spire Corporation (Nasdaq: SPIR), a global solar company providing turnkey solar
factories and capital equipment to manufacture photovoltaic (PV) cells, modules,
and solar systems worldwide, today announced that it has delivered a PV module
assembly line to Sova Power Limited ("Sova") located in Durgapur, West Bengal,
India. Stepping up into the green and renewable energy sector, Sova, along with
Spire`s industry expertise and superior equipment line, will provide a
state-of-the-art PV module assembly line in India.
Spire has provided Sova with a semi-automated crystalline silicon module
manufacturing line capable of producing up to 12 megawatts of solar modules per
year. It will integrate Spire's key interconnect, lamination, and testing
machines, along with intermediate tooling stations. Spire will supply the
process technology and training to operate the factory, as well as assistance in
qualifying the factory`s modules to international standards and certification.
The line is designed to be easily expandable at a later date.
"We are excited Sova has chosen Spire to provide our turnkey line solution. This
order demonstrates how India is becoming a major player in the solar industry
and continuously strives to be the leader," said Roger G. Little, Chairman and
CEO of Spire Corporation. "Spire`s ability to deliver a complete solar factory,
as well as the training needed to succeed in the solar market, enables companies
with limited exposure to the industry to efficiently add solar module
manufacturing to their business portfolio," concluded Mr. Little.
"We are excited to work with Spire, the industry leader, on this important new
venture," said Sajal Das, CEO of Sova Power Limited. "The solar market is
expanding rapidly in India and Spire offers the quickest, most efficient path to
joining the industry. We are confident that Spire`s industry expertise and
superior manufacturing equipment position us for success as we integrate solar
manufacturing into our existing business."
About Sova Power Limited
Sova Power Limited, a group company of "Sova Group," having the expertise and
experience in the iron and steel industry, is keen to be a leader in the solar
PV business. Sova Power Limited provides solar module panel products service,
technical support and installation of solar modules. Sova Group has its
headquarters in Kolkata, India with its Sova Power Limited manufacturing
facility located in Durgapur, West Bengal, India.
About Spire Corporation
Spire Corporation is a global solar company providing turnkey production lines
and capital equipment to manufacture PV cells, modules, and solar systems
worldwide. Spire Semiconductor provides processing technology for Spire`s
silicon solar cell manufacturing lines and produces and sells 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.
Spire Corporation
Roger G. Little, 781-275-6000
Chairman & CEO
Copyright Business Wire 2009
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