HSINCHU, Taiwan, Jan. 9, 2013 /PRNewswire-FirstCall/ -- In response to the coming era of 4K Ultra HD, AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced that its OLED panel, jointly developed with Sony Corporation (Sony), is used in Sony's prototype 4K OLED TV, which is on display at the 2013 Consumer Electronics Show (CES). The 56-inch 4K OLED TV Panel is the world's first and largest(*) OLED TV panel in size, and is the first in the world(*) to have achieved 4K (3840x2160) resolution. Having successfully strengthened its 4K Ultra HD technology, AUO is also showcasing several large-sized 4K Ultra HD TV panels during CES to meet the trend for super large TVs.
"AUO announced its 14-inch Full HD OLED TV panel in 2009, and in 2011 showcased a 32-inch Full HD OLED TV that was only 3mm thick. We are delighted to have successfully assisted our customer in developing the world's largest 56-inch 4K OLED TV panel. With the combination of AUO's long-term dedication in technology R&D and brand customers' know-how of market trends, we believe that the time will come for the commercial production of large-sized OLED TVs," said Mr. Paul Peng, President of AU Optronics.
During CES, AUO will invite specific customers to see its 65-inch 4K Ultra HD LCD TV panel, which not only realizes an ultra fine 4K resolution, but also has a super narrow bezel of less than 10mm for viewers to enjoy nearly boundless, spectacular, and excellent viewing experiences.
In addition, AUO's 55-inch 4K Ultra HD LCD TV panel is equipped with Wide Color Gamut (WCG) technology for color saturation as high as NTSC 96 percent. The panel features a 4K resolution of 3840x2160, capable of presenting the most vivid and lifelike images, and recovering their true colors.
AUO has devoted itself to continuously developing advanced panel technologies to provide customers with various product choices. In terms of the large-sized 4K Ultra HD image technology, AUO has developed several value-added products, including a 65-inch 4K LCD TV panel with a super narrow bezel, and a 55-inch 4K LCD TV panel with Wide Color Gamut. All of the products will be able to support brand customers in meeting the diverse product demands in different market segments.
* Based on the available market research information as of January 9, 2013.
ABOUT AU OPTRONICS
AU Optronics Corp. (AUO) is one of the world's leading providers of optoelectronic 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 45,000 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 three consecutive years from 2010 to 2012. AUO generated NT$378.5 billion (US$ 13.03 billion) in sales revenue in 2012. For more information, please visit AUO.com.
* 2012 year end revenue converted at an exchange rate of NTD29.05 : USD 1.
Safe Harbor 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