Spire and Hind High Vacuum (HHV) have finalized a strategic relationship agreement that will provide an enhanced portfolio of solar manufacturing equipment and service capabilities to the Indian photovoltaics industry.
“We are delighted to finalize a cooperative relationship with HHV that will allow both companies to offer a stronger portfolio of solar manufacturing equipment and services to the local market and beyond,” said Roger G. Little, Spire’s chairman/CEO. “While this cooperation will initially focus on module manufacturing equipment, both companies are keen to explore additional areas and ways that can offer our clients better and more competitive equipment and services.”
“Both companies are leveraging their inherent strengths,” said Prasanth Sakhamuri, HHV’s managing director. “This is to ensure our customers get the most cost-effective products with the highest quality, a key in establishing a competitive advantage.
“Both Spire and HHV have built their capabilities and reputation in the past by providing the highest quality goods and services. Our relationship is being built-up in stages and will endure the test of time.”
HHV has thin-film coating and other vacuum technology manufacturing lines at its ISO 9001-certified plants in Bangalore, Peenya, and Dabaspet.
Financial terms of the agreement between the two companies were not disclosed.