NSP Revenue for June Reached NT$2,208 million. Accumulated shipment from January to June set a record high of over 1GW

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 June revenue reached NT$ 2,208 million, with a MoM growth rate of -15.82% and a YoY growth rate of 13.88%. The revenue for Q2 still grows at 1.51% as compared with Q1. Year-to-Date cumulative revenues reached NT$ 14,664 million as of June 2014, a +119.91% jump in YoY terms as compared with NT$6,668 million last year. Besides, NSP accumulated shipment from January to June set a record high for Taiwan solar industry of over 1GW.

Given less working days in June and preliminary ruling result of United States Anti-Dumping duty against Taiwan has not been released yet, June revenues decreased as a result of slow orders from customers. Look into the future, market demand is expected to gain momentum once the preliminary ruling result of Anti-Dumping duty is released on July 24th. NSP will continue devoting to Research & Development to roll out more new high-efficiency products, and maintain the company’s long-term leadership in technology.