AUO Showcases Industry Strength at PV Taiwan 2010
HSINCHU, Taiwan, Oct. 25 /PRNewswire-Asia-FirstCall/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) announced today that the Company will showcase the latest PV products at PV Taiwan 2010. SunForte PM318B00, a high-efficiency mono-crystalline solar module, will make its debut in Taiwan. Besides, in order to highlight its solar competitiveness, AUO will also demonstrate the multi-crystalline EcoDuo PM240P00 and EcoDuo PM250P00 solar modules.
For the urban areas with smaller rooftops, AUO will launch the SunForte PM318B00 with a conversion rate as high as 19.5%, which is 5.5% higher than the rate of the conventional module in the industry. The product will maximize the solar power output for solar system users.
In addition, EcoDuo PM240P00, the same-sized upgraded model of the multi-crystalline solar module PM220, has raised its output power to 240W, which is 10% higher than its predecessor. EcoDuo PM250P00, with an output power of 250W, will also be showcased at the exhibition.
Since 2008, AUO has dedicated itself to collaboration with solar partners. As a result, the joint venture solar cell fabrication facility in Malaysia, AUO SunPower Sdn. Bhd., has successfully manufactured the initial production of solar cells, yielding a minimum conversion efficiency of 22.2%. It demonstrates AUO SunPower's high-quality product technology and strong manufacturing capability.
Other than the solar system project in Europe, AUO Solar dedicates to Taiwanese solar system development and low-carbon engineering. AUO has just completed the construction of 30KW solar system on the rooftop of AUO Taichung Fab I. Also, a rooftop solar system of 134KW at the AUO Dormitory in Houli started to operate recently. The other construction of 10MW solar system project in AUO's Taichung Fab II is currently in process, which will showcase AUO's technology and integration competence in the solar business. The efforts also realize the goals of using renewable energy and achieving low-carbon fabs.
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. The Display and Solar businesses were established respectively as the Company's two core businesses in October, 2010. For more information, please visit AUO.com.
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.
SOURCE AU Optronics Corp.
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