Hsin Chu, Taiwan
AUO Corporation (AUO) (TAIEX: 2409; NYSE: AUO), today received two major honors at the 2006 Gold Panel Display Awards Ceremony in Taipei, Taiwan. The "Best Product Award" and the "Outstanding Industry Contribution Award" demonstrate AUO's significant achievements in the flat panel technology industry. AUO's M190EG02, the world's first 19" desktop monitor panel with 2ms response time, took home the Best Product Award, while Max Cheng, Chief Financial Officer of AUO, was honored with the Outstanding Industry Contribution Award.
Late last year AUO launched the M190EG02, which is recognized as the world's first 19" panel for desktop monitor applications with 2ms response time (gray to gray), 160-degree wide viewing angle, and an 800:1 high contrast ratio. These three state-of-the-art features of the M190EG02 are expected to lead the trend of 19" desktop monitors in the coming years and were what attracted the award panelists' attention, resulting in the Best Product Award. The M190EG02 is also the world's first panel that applies overdrive technology on TN mode liquid crystal display panels. The M190EG02 is a lead-free product that conforms to ROHS and green product requirements, demonstrating that AUO is committed to maintaining the global environment when developing new products.
Max Cheng, Vice President and Chief Financial Officer of AUO, is the first winner of the Outstanding Industry Contribution Award without a background in R&D. In 2002, Cheng was instrumental in leading AUO to successfully list on the New York Stock Exchange. In 2006, Cheng was named "The Best CFO" in Taiwan at the Finance Asia Annual Best- Managed Company Awards for the third consecutive year. Cheng was recognized by the panels because of the key role he has played in terms of cost-control and ensuring profits for investors in the rapidly changing TFT-LCD industry while the company continues to establish new manufacturing facilities. In addition, Cheng was instrumental in leading AUO to become a world-class corporation with a solid financial structure and operating performance. Under Cheng's strategic financial guidance, AUO's revenue has been growing strongly and steadily in recent years. AUO's revenue in 2003 amounted to more than NT$100 billion and in 2005 the company's revenue topped the NT$200 billion mark.