Spire Engages Mirus Capital Advisors

BEDFORD, Mass.--()--Spire Corporation ("Spire" or the "Company") (OTC: SPIR), a global solar company providing capital equipment and turnkey manufacturing lines to produce and characterize photovoltaic ("PV") modules, today announced that it has engaged Mirus Capital Advisors, ("Mirus") an investment bank located in the metropolitan Boston area, for the purpose of assessing strategic alternatives for Spire, including, but not limited to, a potential sale of the Company and/or certain of its assets. There is no assurance that this process will yield a transaction that is acceptable to the Company.

The Mirus investment banking team has in-depth experience and success within the renewable energy industry, and they are committed to conduct a process, with Management's support, that will yield maximum benefits for the Company's stakeholders.

About Mirus Capital Advisors
Mirus Capital Advisors provides investment banking solutions to corporations and business owners in the technology, business services, manufacturing, consumer products, health care, and resort and hospitality industries. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations and valuations. More information about Mirus Capital Advisors and its broker-dealer subsidiary Mirus Securities, Inc. may be found at www.merger.com.

About Spire Corporation
Spire Corporation is a global solar company providing technology, equipment and turnkey production lines to manufacture and characterize PV modules. For further information on the Company and detailed information on its products and services, 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.

Contacts

Spire Corporation
Rodger W. LaFavre, 781-275-6000
President & CEO

Spire Corporation