AUO and E-Ink, Hydis Sign Patent Cross-License Agreements
HSINCHU, Taiwan, Oct. 12, 2012
HSINCHU, Taiwan, Oct. 12, 2012 /PRNewswire-FirstCall/ -- Today AU Optronics
Corp.("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) signed patent
cross-license agreements with E-Ink Holdings ("E-Ink") and Hydis Technologies
Co., Ltd. ("Hydis"), E-Ink's South Korean subsidiary, respectively. The
parties have agreed to cross license specified patents owned by each party.
AUO, E-Ink and Hydis have all invested R&D resources in advanced display
technologies and each has established strong and comprehensive patent
portfolios. To respect each other's intellectual property, the parties have
agreed to grant licenses to specific patents that each owns. Under the terms
of the agreement, which will be effective for ten years, the parties will be
able to use the specified proprietary technologies of the other. The patent
cross-license agreements primarily involve LCD-related technologies, including
the wide viewing angle Fringe Field Switching (FFS) technology with
applications to smartphones and tablets, which will facilitate technological
development of innovative electronic products.
Hydis' FFS technology has wide viewing angle, power-saving, high contrast, and
high resolution features. With the signing of the agreements, AUO's strengths
in wide viewing angle technology will be further enhanced.
Both AUO and E-Ink believe that the patent cross-license agreements will
sharpen their competitive edge in the industry and introduce more chances for
technological and business collaborations to pursue business opportunities
together and expand market reach.
ABOUT AU OPTRONICS
AU Optronics Corp. (AUO) is one of the world's leading providers of display
and solar total 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$379.7 billion (US$ 12.54 billion) in sales revenue in 2011. For
more information, please visit AUO.com.
* 2011 year end revenue converted at an exchange rate of NTD30.27: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 risksdescribed 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 Corp.
Contact: AU Optronics Corp., Corporate Communications Division, Freda Lee,
+886-3-500-8800 x3206, fax +886-3-577-2730, firstname.lastname@example.org and Yawen Hsiao,
+886-3-500-8800 x3211, fax +886-3-577-2730, email@example.com
Press spacebar to pause and continue. Press esc to stop.