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Spire renews manufacturing pact with Marubeni

Posted: 19 Jun 2003 ?? ?Print Version ?Bookmark and Share

Keywords:Spire? solar photovoltaic? Marubeni?

Spire Corp. has renewed its technology licensing agreement for the manufacture and distribution of solar photovoltaic (PV) manufacturing equipment with Japan-based Marubeni Corp. Under the terms of the agreement, Marubeni has rights to manufacture and distribute Spire's PV manufacturing equipment in Japan.

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 Ind. Inc., a machine tool manufacturing company. This new agreement, which runs for two years, extends an earlier license entered into in 1997.

Roger G. Little, president and CEO of Spire, said, "Marubeni gains access to Spire's proprietary PV manufacturing equipment know-how and Spire retains local access to one of the world's best PV markets, accounting for nearly 45 percent of global solar cell production. The growth rate of the PV market in Japan remains among the highest in the world, increasing approximately 50 percent in 2002."





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