Spire to Receive Award From Ex-Im Bank for Export Business

• Press Release
• Source: Spire Corporation
• On 8:00 am EDT, Tuesday October 6, 2009

BEDFORD, Mass.--(BUSINESS WIRE)--Spire Corporation (Nasdaq: SPIR - News), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) modules worldwide, announced that its Vice President of Marketing, Mr. Mark Willingham, will accept an award of behalf of Spire Corporation from Export-Import Bank of the United States (Ex-Im Bank), today, October 6, 2009, at the Successful Small Business Export Strategies: Eight-City "Exports Live!” seminar series at the Seaport World Trade Center in Boston, Massachusetts.

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Ex-Im Bank is honoring Spire Corporation due to a $5 million Export-Import working capital credit facility it entered into with its lender Silicon Valley Bank, which was backed by a guarantee from Ex-Im Bank. This was a significant transaction for Ex-Im Bank during its most recent completed fiscal year.

“Although 95 percent of the world’s customers are located outside of the United States, the vast majority of American companies aren’t currently accessing this global market because of perceived difficulties in successfully finding and financing foreign sales,” said Ex-Im Bank Chairman and President Fred P. Hochberg. “We plan to show seminar participants how to overcome these difficulties.”

“With the exponential growth of the global solar industry, we are appreciative to have the ability to increase our loan availability for working capital with the assistance of Ex-Im Bank,” said Roger G. Little, Chairman and CEO of Spire Corporation. “Since we do a significant amount of business throughout the world, we are happy to present our exporting experience at the Exports Live! seminar.”

The award acceptance and the presentation, Worldwide Growth of Solar Energy, given by Mr. Willingham, will occur from 12:15 to 1:15pm (EDT).

For more information about this event, visit: http://www.export.gov/exports_live/boston/.

About Spire Corporation

Spire Corporation is a global solar company providing turnkey production lines and capital equipment to manufacture PV modules worldwide. Spire Semiconductor provides processing technology for Spire’s silicon solar cell manufacturing lines and produces and sells custom gallium arsenide cells for solar concentrator systems. For corporate or product information, contact Spire Corporation, “The Turnkey Solar Factory Company,” 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 Corporation
Mark Willingham, 781-275-6000
Vice President of Marketing
or
Export-Import Bank of the United States
Stephanie M. O’Keefe, 888-966-2009
Senior Vice President, Communications