NEW YORK, NY -- (MARKET WIRE) -- 05/01/09 --
IX Energy Holdings, Inc. (OTCBB: IXEH) ("IX
Energy"), a renewable energy solutions company engaged in the design,
marketing and development of solar power and other renewable energy
solutions, provided an update on its 12MW semi-automated fabrication line,
which it purchased from Spire Corporation (NASDAQ: SPIR).
CEO and founder, Steve Hoffmann, said, "We are currently planning to
establish production capacity for our commercial and international
businesses. Recent incentives provided through the federal stimulus
package should provide attractive opportunities to deploy our fabrication
line and in the process promote local job growth. We have narrowed our
discussions concerning potential partnerships and locations to a few
states, and within the coming months we expect to announce our decision."
"There has never been a more exciting time for the US Solar market," said
Roger G. Little, Chairman and CEO of Spire Corporation. "The new stimulus
funding is fueling a rapid expansion domestically and we are excited to
help IX Energy pursue it. Domestic job creation is driving the policymakers
and US-made Spire equipment adds to the jobs created. Spire pioneered the
turnkey approach for module fabrication and has successfully set up dozens
of factories. Our alignment with the goals of the funding available
through the American Reinvestment and Recovery act adds even more value to
new entrants, or those expanding into the US Market."
Hoffmann added, "The advantages of Spire's modular line will enable us to
expand capacity in the future to support our growth. In addition, the line
can also be used to produce product for building-integrated PV
applications, which is key to our future plans."
About IX Energy Holdings, Inc.
Founded in 2006, IX Energy, Inc., the wholly-owned subsidiary of IX Energy
Holdings, Inc., is a renewable energy services company engaged in the
design, marketing and development of solar power systems and other
renewable energy solutions to federal and civilian agencies.
Forward-Looking Statements
Statements in this press release that are not statements of historical or
current fact constitute "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other unknown
factors that could cause the actual results of the Company to be materially
different from the historical results or from any future results expressed
or implied by such forward-looking statements. In addition to statements
which explicitly describe such risks and uncertainties, readers are urged
to consider statements with the terms "believes," "belief," "expects,"
"intends," "anticipates," "will" or "plans" to be uncertain and
forward-looking. The forward-looking statements contained herein are also
subject generally to other risks and uncertainties that are described from
time to time in the Company's reports and registration statements filed
with the Securities and Exchange Commission.
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Company Contact:
Corporate Communications
Aspire Clean Tech Communications, Inc.
Todd M. Pitcher
760-798-4938