HSINCHU, Taiwan, June 7, 2011 /PRNewswire/ --
AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) announced it will participate in Intersolar Europe 2011 in Munich from June 8th to 10th to showcase its world's first carbon footprint PV module EcoDuo PM200P00, European-made latest products, and cutting-edge ACPV technology. With the help of its local partners, AUO actively expands into the European solar market and strengthens its presence in Germany, Italy, Slovakia, the Czech Republic and the UK with its image of reliability and sustainability.
"We have the world's highest efficiency solar value chain with SunPower and M.Setek and are pleased to have been selected as the primary module supplier for many power plants in Europe, to support our customers to secure energy from renewable resources," said James Chen, Vice President of AUO Solar Business Group. "With a solar module plant in the Czech Republic, AUO is able to provide made-in-Europe products, on-time delivery and stable products to the European customers. We look forward to working with our European partners to offer clients high-value and reliable service."
AUO has recently announced its latest development of a 2MW ground-mounted project in Viglas, Central Slovakia, by adopting AUO's EcoDuo PM220P00 module. This PV product obtained the world's first PV module having passed PAS2050 carbon footprint verification by SGS and is a significant milestone in the PV industry. To further implement the green efforts, AUO has also joined PV Cycle Association to take a proactive role in developing effective PV module recycling programs and initiatives.
Aiming at high-end European market, AUO has developed its premium GreenTriplex PM250M00 PV module with an aesthetically pleasing all black appearance, three busbar cell design, and self-cleaning function. In addition, GreenTriplex is used in the AC photovoltaic technology (AC PV), where the integrated microinverter converters module's DC power to grid compliant AC power, enhancing system performance by up to 25% more than traditional PV systems. The AC PV has been designed to speed up the field installation process. Various features such as, install straight out-of-the-box, scalable cabling design, continuous grounding, have all been created to minimize the effort in designing and installing a PV system. Also, its output bus voltage is around one-third of the traditional PV system. This makes it very safe and reliable for residential users.
AUO has successfully participated in ground-mounted PV system and rooftop solar system projects in Germany, Italy, Slovakia, the Czech Republic and the United Kingdom by working closely with its partners. The Company is also aggressively expanding into Middle East and Asian solar market. AUO expects to create a greener life for people worldwide by providing innovative, high-efficiency and low-carbon PV solutions.
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 3rd, 2011.
SOURCE AU Optronics Corporation