United Renewable Energy (“URE”, or “the Company”, 3576 TT), announced October 2018 revenue of NT$ 1,935 million, a significant growth of 89.25% MoM.

The significant increase was a result of higher shipment in module and system, as well as sales of solar system projects, this shows that transformation of business model from solar cell manufacturing and sales to brand oriented module and system business are very effective. The Year-to-Date cumulative revenues reached NT$10,032 million as of September 2018, a 23.54% increase in YoY terms as opposed to NT$8,121 million of year 2017.

NSP Consolidated Revenue Report (Unit:NT Million)
October 2018 September 2018 MoM October 2017 YoY Accumulated Revenue 2018 Accumulated Revenue 2017 YoY
1,935 1,023 89.25% 1,272 52.14% 10,032 8,121 23.54%
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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

For further information, please contact:

Contact:

Evelyn Hung Corporate Planning +886-2-2656-2000 #58163 evelyn.hung@urecorp.com

Shelly Yen Corporate Planning +886-2-2656-2000 #58183 shelly.yen@urecorp.com