1. An Alternative PV Module Manufacturing Model Ed Hurley September 6, 2011 An Alternative PV Module Manufacturing Model Ed Hurley September 6, 2011

2. The Turn-key Solar Factory Company Spire Corporation (Nasdaq: SPIR)

3. Alternative Module Manufacturing Model Converting Laminates into Modules Low cost way to expand or enter into market Reduced Financial risks – Lower CAPEX, start-up costs Lower operating cost – Higher yields – Leverage low cost Laminate suppliers Accelerated Market Entry – Design ready laminates= faster certification From Laminate to Module

4. Post Lamination Assembly = FAST Line Final Assembly Simulation & Test – Post Lamination module line LEAN manufacturing principles. – Quick and low-cost startup for module assembly. Consistent, high quality output. Easily deployable into any region – Take advantage of local incentives

5. Laminate to Module FAST Line

6. Important Equipment Considerations Equipment similar from line-to-line – Work with high quality PV equipment supplier Level of automation affects staffing and price – Semi-auto, automated, fully automated Line should be flexible and configurable Do not focus on cost at expense of metrology – Metrology is critical to success of line Need high quality Simulators & EL systems Database management increasingly becoming more critical

7. Framing – Configurable for tape or sealant Junction Box – Configurable for different j-Boxes Simulation – Performs IV test to IEC/UL standards EL – Module inspection, cracks/microcrack Packout – Bin and box module Typical Module Equipment

8. Selection of Equipment Supplier Use known reliable equipment Support services crucial – Planning – Project management – Installation & ramp-up support – Training Ability to develop customized financial models – What is best suited for your application Ability to provide Module certification assistance Help with supply chain – Especially on high-quality laminates that will work with the line

9. Payback on Investment Must have detailed financial model Review trade-offs on equipment, materials, process Module Sale Price ($/W)$1.35 Solar Laminate Cost ($/W)$1.00 Other Costs* ($/W)$0.20 Gross Profit ($/W)$0.15 Less SG&A$0.08 Net Income ($/W)$0.07 * Other Costs include (O&M, Labor, Non-Laminate Materials, Overhead, and Depreciation)

10. Summary World market is continuing to grow FAST Lines ideal way to capitalize on market conditions – minimal capital expense & reduced risk FAST line is scalable and flexible for future expansion Carefully select your PV equipment supplier Carefully study financial models

11. Come Visit us at Hall B1U Booth C22 ehurley@spirecorp.com