Spire and Marubeni Renew PV Equipment Alliance

June 17, 2003 by Jeff Shepard

Spire Corp. (Bedford, MA) announced that it has renewed its technology licensing agreement for the manufacture and distribution of its solar photovoltaic (PV) manufacturing equipment with Marubeni Corp. (Japan). The technology is provided by Spire Solar Inc., a wholly owned subsidiary that makes solar-electric module manufacturing equipment and solar energy systems for distributed power generation.

Under the terms of the agreement, Marubeni has rights to manufacture and distribute Spire's PV manufacturing equipment in Japan and to Japanese companies worldwide. Spire and Marubeni may extend their cooperation beyond Japan on a case-by-case basis. The license also authorizes Marubeni to sublicense the manufacturing of Spire's equipment to Japan's Nisshinbo Industries, Inc., a machine tool manufacturing company. This new agreement, which runs for two years, extends an earlier license entered into in 1997.