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Updated: July 8th, 2008 05:26 PM CDT

LG.Philips LCD Launches New Application Business Division

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Business Wire
via NewsEdge Corporation

LG.Philips LCD's increased focus on small to mid-size LCD panels will help it meet the needs of the growing number of information technology (IT) and consumer electronics (CE) companies that are developing and marketing convergence products, which incorporate media and data functions. The global market for convergence products is expected to show exponential growth in the coming years, as technologies such as Digital Multimedia Broadcasting (DMB) and Wireless Broadband (WiBro) enable a whole new class of mobile multimedia and information display products.

Reference:

The small to mid-size product group refers to panels below 10-inches, with below 4-inches being considered "small" panels. The main markets for small to mid-size LCD panels include portable multimedia devices such as mobile phones, digital cameras, MP3 players, portable DVD players, automotive displays, industrial and medical monitors and game machines.

About LG.Philips LCD

LG.Philips LCD (NYSE:LPL)(KSE:034220) is a leading manufacturer and supplier of thin film transistor liquid crystal display (TFT-LCD) panels. The Company manufactures TFT-LCD panels in a wide range of sizes and specifications for use in televisions, notebook computers, desktop monitors and applications. Headquartered in Seoul, South Korea, LG.Philips LCD currently operates seven fabrication facilities in Korea and has approximately 19,000 employees in locations around the world.

For more information about the Company, please visit http://www.lgphilips-lcd.com. LG.Philips LCD makes "Technology you can see!"

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This press release may contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States Securities and Exchange Commission.


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