HSINCHU, Taiwan, June 6, 2012 /PRNewswire-Asia-FirstCall/ -- AU Optronics Corp.("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) announced today that its 55-in. 4K x 2K 2D/3D switchable glasses-free TV display was selected to receive the Gold Award of the 2012 SID Display of the Year Award, representing the industry's highest recognition given by the Society for Information Display (SID). The award will be presented to AUO at the SID Display Week 2012 Symposium luncheon on June 6, in Boston, USA.
Since 1995, SID has been awarding Gold and Silver Display of the Year Awards (DYAs), known as the industry's most prestigious honors, annually in three categories: Display of the Year, Display Application of the Year, and Display Component of the Year. The internationally acclaimed Display of the Year Award selects its recipients from an extremely competitive field to honor demonstration of novel and outstanding features, and innovative approaches.
"It is our deep honor for AUO's 55-in. 4K x 2K 2D/3D switchable glasses-free TV display to be able to stand out among the many contestants and win SID's Gold Award of 2012 Display of the Year," said Paul Peng, President of AUO. "This acknowledgement highlights both AUO's expertise to lead the industry by continuous innovation, and dedication to bringing out the best value in every product and solution for our customers."
AUO's Gold Award winning 55-in. 4K x 2K 2D/3D switchable glasses-free TV display is the world's first 4K x 2K TV display as well as currently the largest(*) glasses-free 4K x 2K 3D TV display commercially available. Its application, the 55-in. 4K x 2K 2D/3D switchable glasses-free TV, made its debut in Japan last December.The display incorporates proprietary technology to offer exceptional viewing experience with extreme comfort. It features a 4K x 2K (or "quad-HD") resolution of 3840 x 2160 for the most vivid and lifelike 2D images. Then, with a simple switch, the 3D format is instantly available, supporting up to nine positions with the built-in face-tracking camera. No dead zone exists to ensure the highest viewing quality possible. Furthermore, AUO's leading lenticular lens 3D technology makes glasses no longer a prerequisite to perceiving excellent 3D images. The audience can now sit back in their preferred positions and enjoy an extremely pleasant and comfortable viewing experience. For AUO's partners, this glasses-free 3D solution also allows for easy incorporation with their current systems. The high compatibility heralds the growing commercialization of 4K x 2K 2D/3D switchable glasses-free TV displays in a new glasses-free 3D era.
In addition to the award acknowledgement, AUO's superior R&D strengths also manifest in its roles at the 2012 SID Display Week. For the SID Business Conference that took place on June 4th, Mr. Wei-Lung Liau, Associate Vice President of AUO's Display Technology Development Center, was invited to speak on "AUO Glasses-free 3D Technology Evolution," which illustrated the great strides AUO made to offer constantly enhanced 3D solutions and more pleasant viewing experience. AUO's delegation is also participating from June 5th to 8th to make oral presentations and publish papers at the 2012 SID Special Technology Tracks. Special areas covered include 3D, AMOLED, and Flexible Electrophoretic Displays, which will hopefully serve as impetus and inspiration for further exchange of ideas and advancements of technologies among the display industry peers.
* Based on available market research information as of June 6, 2012.
AUO photos can be downloaded at the Company's website: http://auo.com/?sn=479&lang=en-US
AUO's 55-in. 4K x 2K 2D/3D Switchable Glasses-Free TV Display video can be viewed at: http://www.youtube.com/watch?v=KlHnN5boHFA&feature=youtu.be
Any use of photographs and videos must cite the source thereof is from AU Optronics Corporation.
The Society for Information Display (SID) is an internationally noted industry organization for displays. The members of SID are professionals in all of the technical and business disciplines that relate to display research, design, manufacturing, applications, marketing, and sales. SID's founding meeting was called by Dr. Luxenberg September 29, 1962 at UCLA in Boelter Hall. There were 39 attendees at that time, many representing major high-tech firms. SID's largest international gathering is the annual SID Symposium, Seminar, and Exposition, which attracts thousands of attendees, speakers, and exhibitors from around the world. SID is celebrating its 50th anniversary in 2012.
ABOUT AU OPTRONICS
AU Optronics Corp. (AUO) is one of the world's leading providers of display and solar total solutions. AUO offers a full range of panel sizes and comprehensive applications ranging from 1.2 inches to 71 inches. Based on its profound R&D and manufacturing experience, AUO continues to develop advanced display technologies of the next generation. AUO extended its market to the green energy industry in 2008. By building a vertically integrated high-efficiency solar value chain, AUO provides its customers with high-efficiency solar solutions. AUO now houses a staff of more than 43,000 employees, with global operations in Taiwan, Mainland China, the U.S., Japan, South Korea, Singapore, the Netherlands, Czech and Slovakia. Additionally, AUO is the first pure TFT-LCD manufacturer to be successfully listed at the New York Stock Exchange (NYSE). AUO has also been named to Dow Jones Sustainability World Index for two consecutive years from 2010 to 2011. AUO generated NT$379.7 billion (US$ 12.54 billion) in sales revenue in 2011. For more information, please visit AUO.com.
* 2011 year end revenue converted at an exchange rate of NTD30.27:USD1.
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 April 27th, 2012.
SOURCE AU Optronics Corporation