PA. SOL Italia S.p.A. Commissions Spire's Solar Photovoltaic Module Manufacturing Equipment

BEDFORD, Mass.—(BUSINESS WIRE)—March 7, 2006— Spire Corporation (Nasdaq: SPIR), today announced that it has delivered and installed a multi-megawatt, turnkey photovoltaic (PV) module assembly line for PA. SOL Italia S.p.A. of Varallo Pombia, Italy. The assembly line has been commissioned and is now producing PV modules.

The advanced PV module manufacturing production line from Spire includes automated equipment for solar cell stringing and lay-up, lamination, and module testing. PA. SOL also received extensive training at Spire's facility in Bedford, MA. The new production line provides PA. SOL with the flexibility to manufacture a variety of state-of-the-art PV modules from solar cells to meet the growing demand for solar energy in Italy and other parts of Europe.

Mr. Roger G. Little, Chairman and CEO of Spire Corporation, said, "Spire is pleased to provide the tools that enable PA.SOL to enter the expanding market for PV modules. In addition to delivering the equipment and training, we also shared our knowledge and experience related to building-integrated photovoltaic and specialty module designs. The flexibility afforded by our equipment enables PA. SOL to build modules from a variety of different cell types, including thin films."

Spire is the world's only equipment and technology supplier that manufactures all the equipment in-house for an entire module production line. Spire offers full, turnkey solutions for wafer, cell and module manufacturing equipment.

ABOUT PA. SOL

PA. SOL was formed by private investors in order to initiate local PV module manufacturing in Italy and other parts of Europe.

ABOUT SPIRE CORPORATION

Spire Corporation is a worldwide leader in developing and providing innovative solar energy manufacturing equipment. For more information 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-KSB filed with the Securities and Exchange Commission.



Contact:
Spire Corporation
Rodger W. LaFavre, 781-275-6000
Chief Operating Officer



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