Spire Receives Order for a Fully Automated Turnkey 50MW Module Line.BEDFORD, Mass. -- Fifth graph, first sentence should read: "...an integrated supplier in solar parks..." (sted "...an integrated supplier in wind parks..."). The corrected release reads: SPIRE RECEIVES ORDER FOR A FULLY AUTOMATED TURNKEY 50MW MODULE LINE Spire Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SPIR SPIR Symmetric Private Information Retrieval SPIR Spectroscopie Dans le Proche Infrarouge (French: Near Infrared Reflectance Spectroscopy) SPIR Spare Parts List and Interchangeability Record ) today announced that it has received a contract from Martifer Solar S.A., a division of Martifer Group, located in Oliveira de Frades Oliveira de Frades (pron. IPA: [oli'vɐiɾɐ dɨ 'fɾadɨʃ]) is a municipality in Portugal with a total area of 145.4 km² and a total population of 10,597 inhabitants. , Portugal, to provide a fully automated turnkey 50 megawatt meg·a·watt n. Abbr. MW One million watts. meg a·watt (MW) module manufacturing line. This will
be the first fully automated module line installed in Portugal and make
it one of the most advanced in the world.
Spire will provide to Martifer Solar a fully automated module manufacturing line capable of producing up to 50MW of modules utilizing extensive robotic systems robotic system An integrated system of devices that automate production and manufacturing of goods and services Surgery An AI-based surgical assistant system, which processes sensory input from haptic interfaces and/or allows surgeons to act with more accuracy than for material handling and processing. The line is designed such that an additional 50MW can be efficiently integrated into the operations at a later date. The line will consist of Spire photovoltaic module In the field of photovoltaics, a photovoltaic module is a packaged interconnected assembly of photovoltaic cells, also known as solar cells. An installation of photovoltaic modules or panels is known as a photovoltaic array. manufacturing equipment and an integrated automation system, including robotics. Spire will be responsible for integrating the entire line, and will be collaborating with a world leader in automation / robotics on this project. Mr. Roger G. Little, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Spire Corporation, said, "We are proud to be selected by Martifer Solar to lead their first expansion into the solar photovoltaics manufacturing industry, and we are excited about providing this first fully automated 50MW module manufacturing line. With this award, Spire continues to demonstrate its position as the preferred contractor relied upon by new module manufacturers as they enter the solar business." Mr. Jorge Martins, CFO See Chief Financial Officer. of the Martifer Group, said, "We are very happy to have awarded this contract to Spire Corporation for our 50MW module manufacturing line. This is our first step in solar modules manufacturing and with this investment and others to follow, Martifer Solar will be in a position to deliver to its customers its own product. Martifer Solar is an important unit in our Energy Systems division, which we expect will be a key player in the turnkey solar park market in Southern Europe Southern Europe or sometimes Mediterranean Europe is a region of the European continent. There is no clear definition of the term which can vary depending on whether geographic, cultural, linguistic or historical factors are taken into account. and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . We believe that by selecting Spire Corporation as our supplier, we have guaranteed access to the best manufacturing technology available today." About Martifer Solar S.A. Martifer Solar, part of the Energy Systems division of Martifer Group, is today a turnkey supplier of solar parks and aims to become an integrated supplier in solar parks, manufacturing its own modules, cells and wafers. Martifer Group is a key player in the metallic construction sector in Europe, an integrated supplier of Energy Systems for wind and solar power, an emerging developer of multi source electricity projects and an integrated player in the biodiesel value chain in Europe. Martifer is currently present in 14 countries in four continents. For more information, please visit www.martifer.com. About Spire Corporation Spire Corporation is the world leader in providing turnkey lines to expanding manufacturers and to new entrants in the solar industry. 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-KSB and other periodic reports filed with the Securities and Exchange Commission. |
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