Delta Electronics, Inc. subsidiary Delsolar Co., Ltd. has merged with Neo Solar Power Corporation effective May 31st, 2013.
- The new company will keep the name Neo Solar Power Corporation (NSP).
After the merger, the new company will keep the name Neo Solar Power Corporation (NSP). Delta acquired 106,921,386 shares from NSP and gained two seats on the NSP Board of Directors.
Quincy Lin, chairman of NSP, said, "With a vision for providing clean, renewable, and cost-effective energy, NSP pursues leading technologies, best product quality, and high product efficiency. After the merger, with Delta's support, the two companies' manpower and resources will be stronger, better, and together. "
Yancey Hai, chairman of Delta Electronics, emphasized, "We are extremely impressed with NSP and DelSolar's teamwork in making this a smooth and successful acquisition. Our mission statement, "To provide innovative, clean and energy-efficient solutions for a better tomorrow" continues to guide our development of innovative and green energy-efficient solutions. We look forward to bringing together NSP's expertise and advantages in solar cells and modules with Delta's energy solutions to provide a more competitive supply chain. Delta, together with NSP, will continue its dedication to developing technologies and solutions that aim to reduce global warming and ensure a sustainable future for mankind."