Turnkey Solar Cell Line Exceeds Efficiency and Throughput Specifications
Spire Corporation (Nasdaq: SPIR), a global solar company providing capital equipment and turnkey lines to manufacture photovoltaic (PV) cells and modules, announced its 30MW per year turnkey solar cell line has been accepted by Hanwha Chemical Corporation Ltd. of South Korea (Hanwha). The line exceeded both its efficiency and throughput specifications producing 15.8% efficient multi-crystalline silicon solar cells at the rate of more than 34MW per year.
"We are very pleased with the performance of this solar cell line. Since Hanwha put their confidence in Spire, it was important for us to deliver a line that exceeded specifications. This is Hanwha's debut to the solar cell market and this line makes them very competitive," said Roger G. Little, Chairman and CEO of Spire Corporation. "Spire has been providing turnkey PV lines for over twenty years and is known principally for its module lines; the success of this line continues to demonstrate our ability to provide state-of-the-art cell lines as well."
"We knew Spire represented the best choice as a partner for this turnkey solar cell factory," said a senior official of Hanwha about the commissioning of their new Spire-supplied cell line. "Their process technology and proven ability to deliver made them the company to work with. We have not been disappointed."
About Hanwha Chemical Corporation Ltd.
Hanwha Chemical Corporation, an affiliate of South Korea's Hanwha Group, is a leading manufacturer of synthetic resins and various petrochemical products in Asia. Their products are widely utilized as industrial films, packaging products, and construction materials, as well as abrasives for semiconductors.
About Spire Corporation
Spire Corporation, voted 2009's Turnkey PV Manufacturing Line Company of the Year, is a global solar company providing capital equipment and turnkey production lines to manufacture PV cells and modules. For more information, contact Spire Corporation at 781-275-6000, or visit www.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.
Contacts:
Spire Corporation
Roger G. Little, 781-275-6000
Chairman & CEO
