Spire Corporation (Nasdaq: SPIR) has announced that on March 16, 2006, Spire entered into a Turn-Key Project Agreement to provide a privately owned solar firm, located in Europe, a commercially sized, multi-megawatt, turn-key Photovoltaic Cell Manufacturing Line for $6.75 million. The new cell line will be integrated with an existing production line. Solar cells are one of the key components used in manufacturing solar modules.
“Spire is extremely pleased to be awarded this major contract,” said Roger G. Little, Chairman and CEO of Spire Corporation. “It once again demonstrates the quality of Spire’s full portfolio of technical expertise and services. All of Spire’s module manufacturing lines are designed for backward integration, enabling customers to integrate a cell line onto the front end of an existing module line. We continue to support our clients across the full spectrum of the industry and provide the very best technology, equipment, and services.”