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 July revenue of NT$1,713 million with a MoM rate of -5.16%. The solar cell ASP had a slightly upswing in the past two months which represents the recovery of solar market.

Recently, the long-term solar installation targets are expected to be increased in China and United States. In addition, there are policies to motivate solar installations in some emerging markets such as India, Middle East and South America which represents a booming solar industry in the future.

Looking into the third quarter, the market demand will continue to be strong and NSP will maintain a good order visibility. It can be expected increasing revenues and profits for NSP driven by the slightly-rising ASP, more shipments of high-efficiency products and the sale of solar farms.