HSINCHU, Taiwan, March 1, 2011 /PRNewswire-Asia-FirstCall/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) will participate in the 2011 4th International Photovoltaic Power Generation EXPO (PV EXPO 2011) at Japan's Big Sight International Exhibition Center in Tokyo from March 2 to 4 to debut its latest AC photovoltaic technology that solves the shading problem that commonly exists in metropolitan and residential areas; PV module that has passed salt mist corrosion tests and may be applied along the Japanese coasts; and PV module with self-clean and anti-reflection attributes that boost power generation. AUO aims to provide environmentally-friendly cutting-edge technologies and high-efficiency green solutions to both business clients and homeowners.
In PV EXPO 2011, AUO will present its module with AC photovoltaic technology (ACPV) which aimed to solve the partial shading problem for metropolitan and residential areas. The feature of such technology is that each module with ACPV technology can track the maximum power point and maintain its operation at excellent efficiency under any weather or shading conditions. With a micro inverter attached to the PV module, users will not be required to purchase and install a big inverter around the house, and the solar powered system can be easily expanded, monitored, maintained and set up. For safety considerations, the output voltage of an ACPV installation is kept at 240 V, only one-third of the traditional PV system output. By installing AUO's solar monitoring software, users can receive real-time updates of power output data through mobile, computer, and other 3C products.
As Japan is surrounded by sea, AUO has developed the EcoDuo PM 240P00 PV module, a product that has passed salt mist corrosion tests by IEC and CNS, and caters to Japan's island features. EcoDuo PM 240P00 PV module may generate power efficiently even in both coastal and humid regions. Moreover, this product is expected to obtain the JET certification (Japanese Electrical Safety and Environment Technology Laboratories) around the middle of this year. In addition, to counter the common problems affecting the efficiency in power generation caused by dirt and reflectivity, AUO has developed the GreenTriplexPM250M00 PV module that has self-clean and low reflectivity technologies to enhance power generation. Light trapping is improved by the low reflectivity design. The addition of photocatalyst on the surface helps the breakdown of contaminants when exposed to sunlight. As a result, the panels are optimized to achieve maximum efficiency.
Looking into the future, AUO aims to deliver low-carbon, advanced and high-quality total green solutions to clients through its world-leading efficient, vertically integrated solar value chain.
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 71 inches. AUO generated NT$467.2 billion in sales revenue in 2010 (US$16 billion) 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.
* 2010 year end revenue converted at an exchange rate of NTD29.14: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 May 11th, 2010.
SOURCE AU Optronics Corporation