An American Company, Creating American Jobs, Providing Solar PV Systems to the Federal Government

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 Spire Solar Systems towards the federal systems market.

Spire entered the PV systems market in November 1999, originally as Spire Solar Chicago, where it fielded systems for a number of Chicago’s city projects, including systems for many of the major museums. In July 2007, Spire formed a joint venture with a Taiwanese company to provide commercial systems in the United States; the joint venture is currently in the process of being liquidated. As a result, Spire Corporation, federally classified as a small business, has expanded its systems group, mainly focusing its efforts on the U.S. Federal market.

The Spire Solar Systems team, originally established in 1994, consists of experienced engineers and managers, well versed in the renewable energy field. As the industry grew, so did the Systems team, which has been expanded upon and has re-focused on the U.S. Federal market. Spire Solar Systems is now a full-service organization, offering system designs and project management to accommodate those federal organizations required to achieve the mandated renewable energy goals of 7.5% by 2013 required by the Energy Policy Act of 2005 (EPACT).

Spire Corporation has long been a U.S. government contractor and proficient in the federal procurement process. Also, Spire engineers have experience in dealing with requirements of federal building codes. Spire’s payback analysis modeling has been developed specifically for the federal market by taking into consideration the idiosyncrasies of the U.S. stimulus package, also known as the America Reinvestment and Recovery Act of 2009.

“We are an American company that creates American jobs by providing PV systems to the federal government,” said Roger G. Little, Chairman and CEO of Spire Corporation. “Spire Solar Systems is also an outlet for modules manufactured by our turnkey module line customers. This connection supports our overall strategy of encouraging distributed local module manufacturing.”

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.

Spire Solar Systems
Stephen J. Hogan, 781-275-6000
CEO and General Manager