Neo Solar Power Corporation (“NSP”, or “the Company”, publicly listed on Taiwan Stock Exchange, Ticker: 3576 TT), a world-class leading producer of high quality solar cells in Hsinchu, Taiwan, today announced February revenue of NT$ 1,467 million with a slightly declined MoM rate of 2.71% despite the fewer working days in February. However, various research institutions forecast a two-digit increase of global installations this year and therefore, the shipment is expected to be driven by the increasing market demand and will recover gradually.

NSP continuously devotes to R&D and develops new products by means of its strong semiconductor industry experience and vast solar device physics expertise. In both 2014 and 2015, NSP obtained project subsidies from Taiwan’s Ministry of Economic Affairs to conduct R&D for high-efficiency products. This again recognizes NSP’s strong R&D strength and the leadership in solar industry.