BEDFORD, Mass.--(BUSINESS WIRE)--

Spire Corporation ("Spire" or the "Company") (OTCQB: SPIR), a global solar company providing capital equipment and turn-key manufacturing lines to produce photovoltaic modules and optoelectronics thin film services, today announced it has been awarded Solar Power World’s Leadership in Solar for Panel/Collector Manufacturing. The Leadership in Solar Award is an industry recognition program to acknowledge solar industry excellence across all segments of the industry. The Solar Power World (www.solarpowerworldonline.com) User Community has cast its votes, and we are pleased to celebrate their selection of Spire Corporation. The award recognizes Spire’s long history in the supply of capital equipment for module manufacturing, and Spire’s technical expertise in product development.

"Spire is pleased to be recognized for our contributions to the successes of our industry," comments Mr. Rodger W. LaFavre, President and CEO. He continues, “Spire Corporation has been involved for over 30 years in the supply of technology, processes and hardware used in the production of solar modules of all technologies. Our turnkey production lines have successfully produced products around the globe, and our standard production equipment is used in test labs and manufacturing facilities of all kinds. We look forward to continuing our support to the cell/module manufacturing industry now poised for growth in 2014 and beyond. Based upon our recent activities, revenues recognized to date and expected shipments, for the remainder of 2014 we anticipate a doubling of our 2013 solar business volume and coupled with the increased level of client inquiries, we certainly feel that the forecasted demand for turnkey lines has now materialized and will extend into 2015.”

About Spire Corporation

Spire Corporation is a global solar company providing technology, equipment and turn-key production lines to manufacture photovoltaic modules and providing optoelectronics thin film services. For further details on the Company and its products, please visit www.spirecorp.com.

Certain matters described in this press release including those relating to Spire’s prospects for growth constitute forward-looking statements under the federal securities laws. The discussion of forward-looking information requires management of the Company to make certain estimates and assumptions regarding the Company’s strategic direction and the effect of such plans on the Company’s financial results. These forward-looking statements are 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. Forward-looking statements contained in the press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The Company undertakes no obligation and expressly disclaims any duty to update such statements.