HSINCHU, July 10, 2014 /PRNewswire/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) announced today that PowerLegato®, its high energy density integrated energy storage system designed for residential and commercial users, has successfully entered the European, Japanese and Australian markets.
PowerLegato® is TUV certified and could run both on-grid and off-grid in Germany and the UK depending on user demands. In addition, this remarkably intelligent and flexible energy storage system is eligible for Japan's S-Mark incentive program, allowing owners to receive subsidies from the government.
PowerLegato® is AUO's all-in-one energy storage system capable of supporting hybrid energy inputs and outputs. In terms of all-in-one systems of the like currently available, PowerLegato® is among the ones boasting the world's highest energy density - per every kilogram of weight, the system is capable of storing an average of 25% more energy than its counterparts(*). This highly integrated product includes the EnergyOptimizer software, which works to maximize the economical benefits of hybrid sources of renewable energy and electrical grid power, or serves as a long-lasting backup power in emergencies. The extremely smart design means easy installation and maintenance for distributors and system installers, and user-friendly interface for owners.
With its sleek and stylish design, PowerLegato® has won iF and Reddot design awards, and this year EnergyOptimizer has also won iF Communication Award for its intuitive system design. AUO will continue to enhance the current interface and work to develop even smarter and more comprehensive solutions for users worldwide to realize energy independence.
* Based on the available market research information as of July 10, 2014.
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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 1.5 inches to 75 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 four consecutive years from 2010 to 2013. AUO generated consolidated revenues of NT$416,363 million (US$13,958 million) in 2013. For more information, please visit AUO.com.
* 2013 year end revenue converted at an exchange rate of NTD29.83:USD1
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 March 21st, 2014.
SOURCE AU Optronics Corporation