Press Releases

02/01/2011

LG ELECTRONICS DEMONSTRATES SOLAR MODULES AT AHR EXPO 2011

Commercial Solar Debut in U.S. Complements Energy Efficient HVAC Systems, Supports Company's Commitment to Sustainability, Renewable Energy;

LG ELECTRONICS DEMONSTRATES SOLAR MODULES AT AHR EXPO 2011

Commercial Solar Debut in U.S. Complements Energy Efficient HVAC Systems, Supports Company's Commitment to Sustainability, Renewable Energy;

LAS VEGAS, Feb. 1, 2011 - Previewing its second-quarter initial shipments of solar energy systems to U.S. customers, LG Electronics is showcasing photovoltaic (PV) modules at the International Air Conditioning, Heating and Refrigeration (AHR) Expo this week (booth# 3506).

The company's new PV solar productsinclude high-performance multicyrstalline modules and monocrystalline modules. Ideal for a variety of installations including on-grid general applications such as residential, commercial and power generation for utilities, LG's PV modules utilize high-quality materials and manufacturing processes for capturing the sun's energy.

LG renewable energy solutions complement its new Multi-V and PTAC air conditioning lines, as well as new high Seasonal Energy Efficiency Rated (SEER) HVAC systems for residential and light commercial applications introduced at the 2011 AHR Expo.

The technology leader's U.S. solar debut builds on LG's global expertise in marketing solar panels for residential, rooftop and commercial applications while capitalizing on LG's strong presence in the U.S. consumer and business-to-business marketplace, according to industry veteran Geoff Slevin, vice president, Solar Division, LG Electronics USA.

Launching LG solar panels in the United States also represents a major milestone in the company's plans to expand its global solar business to $2.4 billion by 2015. LG is investing $820 million over the next five years in its solar cell research and manufacturing to increase production capacity to more than one gigawatt.

"The U.S. is one of the fastest growing solar markets in the world and is expected to grow significantly over the next several years, in part due to federal and state incentives," said Slevin, who joined LG last year from Carlisle Energy Services and BP Solar. "LG's commitment to solar in the U.S. comes at just the right time to meet market demand for solar power with high-quality, sustainable and innovative products that consumers and businesses alike have come to expect from a global technology leader."

Slevin highlighted key features of the new PV modules, including a unique light weight frame design that drains liquid even when installed at tough horizontal and vertical angles, internal mechanical load standards (5400Pa), and frame anodizing to improve the module frame's durability. Specific models on display include:

Multicrystalline module - This module is designed for home, building rooftops and power generation facilities. This multicrystalline module has a low-light induced degradation (LID).

Monocrystalline module - This module is designed for residential roof-top and building applications and is light weight and highly durable.

For more information on LG's Solar Division please visit: http://www.lg-solar.com

About LG Electronics USA
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a global force and technology leader in consumer electronics, home appliances and mobile communications. In the United States, LG Electronics sells a range of stylish and innovative home entertainment products, mobile phones, home appliances, commercial displays, air conditioning systems and solar energy solutions, all under LG's "Life's Good" marketing theme. For more information, please visit www.lg.com.

About LG Electronics Air Conditioning and Energy Solution Company
The LG Electronics Air Conditioning and Energy Solution Company is a complete heating, ventilation and air conditioning (HVAC), and energy solution company providing Residential Air Conditioning (RAC), Commercial Air Conditioning (CAC), Solar Energy and Lighting around the world. Bringing technology leadership from the worldwide HVAC market and incorporating technologies from throughout LG, LG AE is increasingly expanding into specialized B2B solutions as an integrated energy solutions company. Through its innovative technology, heavy investments in R&D and effective marketing strategies, LG AE has broken its own sales records every year since 2000.

Designs, features and specifications subject to change without notice.

Contacts:

John Taylor
LG Electronics USA
+847 941 8181
john.taylor@lge.com

Contacts:

Laurel Belfiore
LG Electronics USA
+312 397 6058
laurel.belfiore@lg-one.com

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