Neo Solar Power Corporation (later referred to as “Neo Solar Power”), a world-class solar cell manufacturing firm (TWSE Code: 3576 TT) announced today that it has successfully merged with DelSolar Co., Ltd. in line with its original merger effective date target of May 31st, 2013. Neo Solar Power is the surviving company and its full name shall remain as Neo Solar Power Corporation.
On the merger date, Neo Solar Power will host a celebration ceremony at its headquarters. Employees from both Neo Solar Power and DelSolar, top management from the Delta Group including its founder Honorary Chairman Bruce Cheng, Chairman Yancey Hai, Vice-Chairman Mark Ko and CEO Ping Cheng shall attend the ceremony.
“Provide innovative, clean and energy-efficient solutions for a better tomorrow” is Delta’s corporate mission. Delta Group shall support Neo Solar Power in the creation and development of renewable energy because the survival of mankind is our common ultimate goal” said Mr. Yancey Hai, Chairman of the Delta Group as he thanked both employees from Neo Solar Power and DelSolar for their efforts in the accomplishment of this merger.
“Neo Solar Power’s mission is to provide renewable energy and we strive to lead in terms of technology, quality and conversion efficiency. With the merger process now completed, our human capital and resources are reinvigorated which added to Delta’s support enables Neo Solar Power to enhance its growth potential in the long-term. We look forward to the future as 「Stronger, Better, Together」”, Mr. Quincy Lin, Chairman of Neo Solar Power highlighted.
The post-merger Neo Solar Power will continue strengthening its leadership position in both solar cell and module technology with its manufacturing facilities in Taiwan and in Mainland China. Neo Solar Power’s expanded resources serve as a pillar for deeper cooperation with large-scale clients, reflected in our recent multi-year deal to provide up to 300 MW of solar modules to a global solar energy firm. Our subsidiary GES, Inc. has successfully won 30 solar project EPC auctions in Taiwan year-to-date, more than double its entire portfolio of 2012. In the USA, it expects to build up to 30 MWp in solar installations while close to another 30 MWp shall be realized in Japan. These approximately 70 MWp of solar projects in three different regions turn GES, Inc, into the largest solar systems integrator in Taiwan.
Neo Solar Power is experiencing strong demand for our solar cell and module solutions in Q2-2013 under a stable ASP environment. Healthy order visibility extends to Q3-2013, thus, providing us with the opportunity to deliver a better performance after our merger process.
About Neo Solar Power Corporation (3576 TT) (NSP)
Founded in 2005 by Dr. Quincy Lin (former Senior VP of TSMC) and Dr. Sam Hong (former Director of ITRI Research Division), Neo Solar Power Corporation (NSP) is a leading manufacturer of high performance and high quality solar cells and modules. With core competitive advantages in quality, technology and customer service, NSP became the world’s largest merchant solar cell manufacturer by volume in 2013. After selling DelSolar to NSP, Delta Electronics (2308, TT) became the biggest shareholder of NSP with a 19% holding. Leveraging current leading position in solar cell technology, NSP will further expand into the global solar systems businesses, aiming to become the leading solar system integrator in the world. For more information, please visit the company’s website at www.nsp.com
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