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 October revenue reached NT$ 2,057 million, the second straight month of growth with a MoM growth rate of 4.76%.

Given the continuing rising market demand, revenues continue to grow as a result of the increase of shipments. Year-to-Date cumulative revenues reached NT$ 22,608 million as of October 2014, a +47.25% jump in YoY terms. The market is currently recovering from the shadow of anti-dumping probes, and China government has launched new policies to boost the installation of solar system in the country. The company’s utilization rate is therefore expected to be enhanced.

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.