AUO Demonstrates Its R&D Strength to Showcase a Full Lineup of PV Products at Solar Power International 2010By Au Optronics Corp, PRNE
Sunday, October 10, 2010
HSINCHU, Taiwan, October 11, 2010 - AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO)
announced today that the Company will participate in Solar Power
International 2010 to showcase its full lineup of PV products. SunForte
PM318B00, a high-efficiency mono-crystalline solar module, will make its
debut in the show. The product employs high-efficiency mono-crystalline solar
cells and has a conversion rate as high as 19.5%.
Solar Power International 2010 will be held in Los Angeles, U.S.A., from
Oct. 12-14. The show is organized by the Solar Electric Power Association
(SEPA) and the Solar Energy Industries Association (SEIA). It is one of the
most noted professional PV trade shows in the world.
In addition to the solar module with the highest conversion rate, AUO
will be displaying the AC Module for the U.S. residential market. AUO leads
the industry by applying an anti-reflection coating to the AC Module, which
increases the conversion rate by 4%, maximizing the system's output power.
The system is therefore free from output power degradation in case of
shadowing, easy to install and maintain, and highly expandable.
The mainstream multi-crystalline solar module EcoDuo PM220P01 is also
among the exhibits. The module is on the CEC (California Energy Commission)
listing under the solar electricity systems category. Furthermore, EcoDuo
PM240P00, the upgraded model of the multi-crystalline solar module PM220, has
an output power that is 10% higher than its predecessor, from 220W to 240W.
Worthy of note, the PM220P00 of the same series is the world's first PV
module to have obtained carbon footprint verification.
AU Optronics Corp. comments that as one of the few companies worldwide
possessing cutting-edge technology for high quality TFT-LCD panels, the
Company's experiences and technologies in TFT-LCD production and yield rate
control have been passed on to the development of solar modules. The
expertise along the value chain from materials, modules to power system
development, is thus better secured. The participation to Solar Power
International 2010 will demonstrate AUO's strengths in R&D and its fruits.
The occasion will also present enormous opportunities for the Company to
further develop the North American PV market.
AUO is currently the only "total solutions" provider that tops the
industry in various technological domains of the vertical solar value chain,
including the solar wafers that produce the highest efficiency solar cells,
the solar cells with the highest conversion rates, and the establishment of
solar module plants worldwide. Following the mass production of solar modules
in the Taiwan (Taichung) and Czech sites, AUO will also set up its second
solar module plant in Tianjin, China for an expected capacity of 1GW. AUO
will continue to accelerate its solar development to complete the industry
value chain, providing customers with even more satisfactory products and
services from upstream to downstream.
ABOUT AU OPTRONICS
AU Optronics Corp. (AUO) is a global leader of thin film transistor
liquid crystal display panels (TFT-LCD). AUO is able to provide customers
with a full range of panel sizes and comprehensive applications, offering
TFT-LCD panels in sizes ranging from 1.2 inches to greater than 65 inches.
AUO generated NT$359.3 billion (US$11.2 billion) in sales revenue in 2009
and now houses a staff of more than 42,000 employees, with global operations
in Taiwan, Mainland China, Japan, Singapore, South Korea, the U.S., and
Europe. Additionally, AUO is the first pure TFT-LCD manufacturer to be
successfully listed at the New York Stock Exchange (NYSE). AUO extended its
market to the green energy industry in late 2008, and formally founded its
Solar Business Unit in October, 2009. For more information, please visit
Safe Harbour Notice
AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO), a
global leader of TFT-LCD panels, today announced the above news. Except for
statements in respect of historical matters, the statements contained in this
Release are "forward-looking statements" within the meaning of Section 27A of
the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities
Exchange Act of 1934. These forward-looking statements were based on our
management's expectations, projections and beliefs at the time regarding
matters including, among other things, future revenues and costs, financial
performance, technology changes, capacity, utilization rates, yields, process
and geographical diversification, future expansion plans and business
strategy. Such forward looking statements are subject to a number of known
and unknown risks and uncertainties that can cause actual results to differ
materially from those expressed or implied by such statements, including
risks related to the flat panel display industry, the TFT-LCD market,
acceptance of and demand for our products, technological and development
risks, competitive factors, and other risks described in the section entitled
"Risk Factors" in our Form 20-F filed with the United States Securities and
Exchange Commission on May 11th, 2010.
Freda Lee, Corporate Communications Division, AU Optronics Corp. at +886-3-5008800 x3206, +886-3-5772730(FAX) or freda.lee at auo.com; Yawen Hsiao, Corporate Communications Division, AU Optronics Corp. at +886-3-5008800 x3211, +886-3-5772730(FAX) or yawen.hsiao at auo.com
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