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Spire Announces Retirement of Founder and CEO, Roger G. Little

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Spire Announces Retirement of Founder and CEO, Roger G. Little Spire Corporation ("Spire" or the "Company") (OTCQB: SPIR), a global solar company providing capital equipment and turn-key manufacturing lines to produce photovoltaic ("PV") modules, engineering, procurement and construction integration services for solar systems and optoelectronics thin film services, announced that Roger G. Little would retire as Chief Executive Officer and President of Spire Corporation, effective as of the close of business on December 31, 2013. Mr. Little will continue to serve as Chairman of the Board of Directors of the Company.

Since founding the Company in 1969, Mr. Little has served as the Company's Chairman, Chief Executive Officer and President. The Board expressed sincere appreciation to Mr. Little for his leadership, dedication and tireless commitment throughout his years of service with the business, and wished him continued success in the future.

Mr. Roger G. Little, Chairman, Chief Executive Officer and President, said, "As I transition to a new phase in my life, I expect to stay active in the PV market space and will remain connected to the people at Spire that I have come in contact with over the years. Spire is positioned to capitalize on expected market growth in 2014 and beyond and accordingly, now is the time to transition leadership to guide the Company though its next phase of development."

On November 21, 2013, the Board of Directors of the Company appointed Rodger W. LaFavre, the Company's current Chief Operating Officer, as Chief Executive Officer and President of the Company, effective January 1, 2014. Mr. LaFavre joined the Company in 2000 as Vice President, Utility Marketing of Spire Solar Operations. He was named Vice President and Chief Financial Officer of Spire Solar in June 2002, Chief Operating Officer of Spire Solar in November 2002 and Chief Operating Officer of Spire Corporation in February 2005. Prior to joining the Company, Mr. LaFavre was Vice President of Stone & Webster Engineering Corporation, a worldwide engineering and construction company, where he was responsible for business development, corporate planning and the Asia subsidiary.

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