HSINCHU, Taiwan, Oct. 26 /PRNewswire-Asia/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) will participate in Solar Power International 2009, scheduled to be held from Oct. 27 to Oct. 29 at the Anaheim Convention Center in California, U.S. The U.S. market is regarded as a rapidly growing market for the solar PV (photovoltaics) industry, and AUO actively joins the exhibition by demonstrating its unique operating model and mono-crystalline and multi-crystalline PV modules with high module efficiency.
AUO will exhibit high-power output PV modules with a three bus-bars cell design that can increase the efficiency of electricity storage and boost power performance. The AUO multi-crystalline PV module can reach an efficiency of 385 watts, about 1.5 to 2 times higher than other related products in the market. It is also the world's highest* power output PV module with a three bus-bars design that is compatible with mass production. It can fulfill the large enterprise applications that American energy policy encourages, including electricity-generating needs for large power plants or solar farms. AUO will also showcase the stylish and environmentally friendly colored-cell PV module that can be customized and designed for specific housing or commercial building requirements.
As AUO acquired M. Setek, a major polysilicon and mono-crystal silicon wafer manufacturer in Japan, the company aims to offer "Total PV Solutions" by cooperating with partners throughout the value chain of energy business, including collaborating the projects with system houses. AUO will also exhibit the full product lines and technologies of M. Setek, which have a quality build and high conversion rates.
AUO restructured the "Energy Office" in October and formally founded its "Solar Photovoltaic Business Unit," aiming to show its rapid development in the solar photovoltaic industry. AUO has been proactively cooperating with solar system providers at the end market. By rapidly accumulating related experiences and technologies through the execution of large projects, the AUO solar photovoltaic team will attempt to build a good reputation and expand its worldwide business.
Apart from continually developing advanced green technologies in TFT-LCD industry, AUO has strengthened its presence in the green energy business. From saving energy to creating it, AUO hopes to establish its key position in solar energy by working to integrate systems with best-of-breed solar partners in end markets.
*Based on available market research information as of October 26, 2009.
ABOUT AU OPTRONICS
AU Optronics Corp. (AUO) is a worldwide top three manufacturer* of thin film transistor liquid crystal display panels (TFT-LCD). AUO is able to provide customers 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$423.9 billion (US$12.9 billion) in sales revenue in 2008 and now houses a staff of more than 42,000 employees throughout its global operations spreading across Taiwan, Mainland China, Japan, Singapore, South Korea, the U.S., and Europe. Additionally, AUO is the first pure TFT-LCD manufacturer to successfully list at the New York Stock Exchange (NYSE). AUO has extended the market to green energy industry in the end of 2008, and formally founded Solar Photovoltaic Business Unit in October, 2009. For more information, please visit AUO.com.
* DisplaySearch 2Q2009 WW Large-Area TFT-LCD Shipment Report dated August 5, 2009. This data is used as reference only and AUO does not make any endorsement or representation in connection therewith. 2008 year end revenue converted by an exchange rate of NTD32.76:USD1.
Safe Harbour Notice
AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO), the worldwide top three manufacturer of large-size 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 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 27th, 2009.
For more information, please contact:
Freda Lee
Corporate Communications Division
AU Optronics Corp.
Tel: +886-3-5008800 ext 3206
Fax: +886-3-5772730
Email: freda.lee@auo.com
Yawen Hsiao
Corporate Communications Division
AU Optronics Corp.
Tel: +886-3-5008800 ext 3211
Fax: +886-3-5772730
Email: yawen.hsiao@auo.com
