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| Inmates put to solar work |
| By Greentech Media |
| Published: 12/08/2008 |
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MASSACHUSETTS - Spire Corp. announced Monday that it will get $55 million to supply solar cells to a solar module factory it has installed at a federal prison. The Bedford, Mass.-based company also announced last week that it faces the possibility of being delisted from the Nasdaq stock exchange if its market valuation does not rise above $50 million between now and the end of the year. Whether Spire's $55 million deal with Federal Prison Industries Inc., also known as Unicor, will help it avoid that delisting remains to be seen. The deal calls for Spire to supply solar cells for its turnkey solar module manufacturing line to be staffed by inmates at the Federal Correctional Institution in Otisville, N.Y. Read more. If link has expired, check the website of the article's original news source. |
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