AUO TAKES MAJOR LEAP INTO GREEN ENERGY BUSINESS.AU Optronics Corp., Hsinchu, Taiwan, (TAIEX TAIEX Technical Assistance Information Exchange Office (EU) TAIEX Technical Assistance Information Service : 2409; NYSE NYSE See: New York Stock Exchange : AUO AUO Au Optronics Corporation AUO Administratively Uncontrollable Overtime AUO Active User Object AUO Aggravated Unlicensed Operation (of a Motor Vehicle) AUO Area Utilization Officer AUO alt.usenet. ) has announced the establishment of its "Energy Project Office" directly under the supervision of the president's office, marking an official statement of its holistic approach holistic approach A term used in alternative health for a philosophical approach to health care, in which the entire Pt is evaluated and treated. See Alternative medicine, Holistic medicine. to green energy solutions. Extending from manufacturing green panels, AUO's "Energy Project Office" will devote efforts in green energy solutions and plans to set up a pilot line in AUO Taichung site, in a bid to proactively fulfill the company's corporate social responsibility by striving for a better living environment for future generations. Ever since disclosing "AUO Green Solutions" early last year, AUO has registered remarkable records in seven major areas: Green DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. , Green Innovations, Green Procurement Green procurement means the procurement of products and services that have less impact on the environment than their traditional counterparts. Greener procurement incorporates environmental considerations into decisions in addition to the conventional criteria of price and quality. , Green Production, Green Logistics, Green Service and Green Recycling. In addition, AUO's new vision for the next decade "Bright Innovation, Amazing Life" also acts as a catalyst to inspire employees to create amazing lives for people by innovative thinking, and to love our planet by fulfilling "AUO Green Solutions". The establishment of AUO's "Energy Project Office "marks another proactive move in protecting the environment by offering green energy solutions in addition to the company's longstanding efforts in reducing waste and energy consumption. The office represents a major leap forward in realizing this vision. To address global warming issues that have been induced by traditional fossil-fuel energy, AUO, thus, proactively seeks solutions in clean energy as one of its main future businesses. The advantages of solar electric systems include zero green house emissions, convenience for households to install, and significant increases in energy transmission efficiency by smart grid distribution and energy storage. With its sound technology basis in the TFT-LCD TFT-LCD Thin Film Transistor - Liquid Crystal Display sector and compatibility in numerous manufacturing processes, as well as technology maturity in thin film solar power, (converting efficiency has improved from 5-8% in the first generation to 8-10% in the second generation and even reached 10% and beyond in the third generation), AUO sees this as the right time to establish its "Energy Project Office". The company will begin implementing these initiatives with third generation technology directly, starting with a pilot line in its Taichung site in 2009. This also marks a new forward-looking innovative operation model since the company was founded 12 years ago. "AUO has been working diligently in providing consumers quality visual amusement. In addition to its ongoing efforts in TFT-LCD technology, AUO is now extending its innovations into the clean energy industry, seeking a win-win situation for CSR (1) (Customer Service Representative) A person who handles a customer's request regarding a bill, account changes or service or merchandise ordered. Agents in call centers are known as CSRs. See call center. fulfillment in protecting the environment and promising green business opportunities for the TFT-LCD industry," said Dr. LJ Chen, president and COO of AUO. "We also welcome more people and companies to join us. Together, we can strive to advance Taiwan's green energy industry toward a more international level." In related news, AUO successfully hosted a week-long "2008 AUO Photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. Forum" in early December. The forum invited international and domestic renowned solar energy experts to share and exchange views with the AUO task force, resulting in constructive and diversified discussions, as well as many forward-looking ideas. AUO expects that these advances will in the near future help facilitate consumers to live a more advanced and eco-friendly green lifestyle. ABOUT AU OPTRONICS AU Optronics Corp. (AUO) is the worldwide top 3 manufacturer* of thin film transistor liquid crystal display liquid crystal display (LCD) Optoelectronic device used in displays for watches, calculators, notebook computers, and other electronic devices. Current passed through specific portions of the liquid crystal solution causes the crystals to align, blocking the passage of light. panels (TFT-LCD). AUO is able to provide customers a full range of panel sizes and comprehensive applications, offering TFT-LCD panels in sizes ranging from 1.5 inches to greater than 65 inches. AUO generated NT$480.2 billion (US$14.8 billion) in sales revenue in 2007 and now houses a staff of more than 40,000 employees throughout its global operations spreading across Taiwan, Mainland China, Japan, Singapore, South Korea, the U.S., and Europe. Additionally, AUO is the first pure TFT-LCD manufacturer to successfully list at the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE). For more information, visit http://www.AUO.com. |
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