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09.08.2011 17:37

Spire Establishes Solar Branch Office in India

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Spire Corporation (Nasdaq: SPIR), a global solar company that provides capital equipment and turn-key manufacturing lines to produce (PV) modules, today announced that it has established a wholly owned subsidiary, Spire Solar Technologies Private Limited, that will have an office in Bangalore, India.

Leading Spire Solar Technologies Private Limited is Mr. Harjinder "Harry” Wahra who joined Spire in 2008 as the Vice President of Solar Cell Lines, and has more than proven he is capable of assuming the position as Managing Director of the Indian office.

India is located in the sun belt of the earth, thereby receiving abundant radiant energy from the sun. There has been an influx of solar activity throughout India, especially after its Prime Minister, Dr. Manmohan Singh, launched the Jawaharlal Nehru National Solar Mission. "Our vision is to make India’s economic development energy-efficient,” said Dr. Singh. "In this strategy, the sun occupies center-stage, as it should, being literally the original source of all energy.”

"We are looking forward to assisting India in its solar mission by expanding our facilities into Bangalore,” said Roger G. Little, Chairman and CEO of Spire Corporation. "Spire’s presence in India will allow our business partners, clients and future customers in the area the ability to develop a personalized bond with us, as well as creating the ease of rapid customer services.”

Mr. Wahra and senior members of the team will be exhibiting at the 5th Renewable Energy India 2011 Expo, Hall 7C, booth number 18, August 10-12, 2011, held at the Pragati Maidan in New Delhi, India.

Spire Solar Technologies Private Limited Contact Information

Spire Solar Technologies Private Limited
Level 1, Tower B
The Millenia, 1 & 2 Murphy Road
Ulsoor, Bangalore, 560 008, India
Office telephone number: +91 80 4022 4065
Mobile number: +91 879 284 1558

About Spire Corporation

Spire Corporation is a solar company providing capital equipment and turn-key production lines to manufacture PV modules. For more information, please visit www.SpireCorp.com or email PR@SpireCorp.com.

Certain matters described in this press 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.

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