Spire to Develop Advanced Thermophotovoltaic Cells; TPV Cells Produce Electricity from Heat.BEDFORD, Mass. -- Spire Corporation (Nasdaq: 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 has been awarded a Small Business Innovation Research (SBIR SBIR Small Business Innovation Research (program/grant) SBIR Space Based Infra-Red SBIR Speaker-Boundary Interference SBIR Site Backsurface-referenced Ideal Plane/Range (silicon wafers) ) grant to develop a new type of thermophotovoltaic (TPV TPV Temporary Protection Visa (Australia) TPV Terminal Punto Venta TPV Third-Party Verification TPV Thermophotovoltaic TPV Thermoplastic Vulcanizate (thermoplastic elastomer) TPV Total Payment Volume ) power cell that produces electricity from heat. The cells are similar to solar cells that convert visible photons to electricity, but the semiconductor material is adjusted to convert long-wavelength or thermal photons to electricity. The grant is from NASA's John Glenn Research Center The Glenn Research Center (more correctly, the NASA John H. Glenn Research Center at Lewis Field) is a NASA center, located in Cleveland, Ohio between Cleveland Hopkins International Airport and the Rocky River Reservation (part of the Cleveland Metroparks). in Cleveland, Ohio. The project has potential applications for NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. , to generate electricity from heat generated by long-life radioisotope sources for long duration space missions where the power generated by conventional solar cells is limited due to the large distance from the sun. Commercial applications of TPV cells include electricity co-generation using heat from wood or propane combustion. Bandwidth Semiconductor LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Spire, will develop indium-gallium-arsenide-based thermophotovoltaic cells optimized for both high temperature operation as well as for radiation hardness. Bandwidth Semiconductor, a compound semiconductor foundry specializing in wafer epitaxy and device processing, is a leader in the field of thermophotovoltaics. Bandwidth Semiconductor has over ten years experience providing TPV cells to government customers for special applications. Roger 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, said, "With this grant, we will leverage our expertise in solar cells, compound semiconductor epitaxy and device processing to grow nanostructures that can efficiently convert heat to electricity for energy generation both on earth and in space." About Spire Corporation Spire Corporation is a diversified technology company providing innovative solar energy manufacturing equipment, biomedical devices and optoelectronic components, all based upon a common technology platform. For more information 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-KSB filed with the Securities and Exchange Commission. |
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