NSP Revenue for September Reached NT$1,964 million representing a 4.96% jump in MoM terms

Neo Solar Power Corporation (3576 TT) (“NSP”, or “the Company”), a world-class leading producer of high quality solar cells in Hsinchu, Taiwan, today announced that September revenue reached NT$ 1,964 million, with a MoM growth rate of 4.96%.

Given the gradually rising market demand and ASP, revenues continue to grow as a result of the increase of shipments. Year-to-Date cumulative revenues reached NT$ 20,551 million as of September 2014, a +57.44% jump in YoY terms. Following the heat up demand, and bottom up ASP, the company’s sales and utilization rate is expected to be pushed up.

NSP just received “Taiwan Excellent PV Award 2014” from Taiwan’s Bureau of Energy in September for its cell products, Super19 & Black20 and high-efficiency module product, D6P265B3A. The products that passed the assessment in this Excellent PV Product Assessment Program all had to meet the most stringent quality specifications available in the fields of safety, performance and reliability testing and meet PV product quality requirements for international markets including Europe, US, Australia and Japan, even outperforming industry norms. NSP is the only one company among Taiwan peers to win awards for both cell and Module products, and this is also the second time in a row that NSP received the award.

NSP continuously devotes to R&D and develops new products by means of its strong semiconductor industry experience and vast solar device physics expertise, which will help NSP to maintain the long-term leadership in product efficiency and quality.