Spire Receives Contract for Thermo Photovoltaic Cells
Source/Type: Press Releases - As issued by company

January 16, 2007... Bedford, Massachusetts USA--Spire Corporation today announced that it has received a $600,000 contract from NASA's John Glenn Research Center in Cleveland, Ohio to further develop a new type of thermo photovoltaic, TPV cell that produces electricity from heat. TPV cells have potential applications for NASA to generate electricity from heat produced by radioisotope sources for long duration space missions. Commercial applications of TPV cells include electricity generation using heat from combustion.

The work will be carried out in part at Bandwidth Semiconductor, a wholly owned subsidiary of Spire. Bandwidth already offers GaAs concentrator PV cells for converting the sun's energy to electricity. These TPV cells use InGaAs, a variation of GaAs. Bandwidth Semiconductor has over ten years experience providing similar TPV cells to customers for special applications.

Bandwidth Semiconductor is a compound semiconductor foundry, specializing in wafer epitaxy, thick and thin film products and device fabrication for defense, biomedical, telecommunications and consumer markets.

For more information visit www.spirecorp.com or www.bandwidthsemi.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.

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