Spire Corporation (Nasdaq: SPIR), a solar company providing turnkey production lines and capital equipment, today announced that it has been awarded a contract to provide a complete turnkey factory to produce up to 30 megawatts (MW) per year of high efficiency solar cells for Hanwha Chemical Corporation (Hanwha).
This marks Hanwha’s entrance into the solar market.
The turnkey line includes all required processing equipment and critical process knowledge for making high efficiency cells. The Spi-Line 30C is capable of producing high efficiency cells using either mono- or multi- crystalline wafers. In addition, Spire provides in-depth training, factory layout, facilities and on-site support.
The solar cell line is scaleable, allowing Hanwha to easily increase capacity beyond 30 MW once the line is fully qualified and meeting production goals.
"We are excited to win this important contract." said Roger Little, Chairman and CEO of Spire Corporation. "Spire’s experience in solar cell production lines is also valuable to our module line customers to allow them to backward integrate."
Hanwha’s senior officer related to the solar project stated, "We had an extremely thorough process for choosing a partner to provide this key element of our solar business and Spire was the clear winner. They represent the best choice as a partner for this turnkey factory. Their deep technical knowledge and proven ability to make their customers successful set them apart from all others."
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. Hanwha plans to produce high-efficiency solar cells on a large scale by the end of 2009 and gradually expand its focus to polysilicon, ingot and wafers. For more information, visit www.hanwha.co.kr.
About Spire Corporation
Spire Corporation is a global solar company providing turnkey production lines and capital equipment to manufacture photovoltaic modules worldwide. Spire Semiconductor develops and manufactures custom gallium arsenide solar cells and other related products.
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