LG INTRODUCES THE FIRST REAL STREAMING MULTIMEDIA CLOUD FOR ALL THREE SCREENS
Unique Cloud Service Offers Content Consumption and
Seamless Connectivity via TVs, Mobile Devices and PCs
SEOUL, APR. 30, 2012 — LG Electronics (LG) announced the beta opening of LG Cloud service on May 1 with the aim of providing seamless connectivity and streaming access to all digital content across various electronic devices. Although cloud is today’s hottest IT buzzwords, LG Cloud is the first that allows users to manage and consume all types of content on “three screens” which includes Android smartphones, PCs and smart TVs (including but not limited to CINEMA 3D models) without a separate set-top box.
To use the service, users need to download the LG Cloud app from Google Play or LG SmartWorld app store from their Android smartphones, LG SmartWorld store from their LG Smart TVs or the LG Cloud website (www.lgecloud.com) from their PCs or laptops. LG’s Cloud service automatically synchronizes smartphone content with the cloud server and the user’s PC and TV. Photos and videos taken with the smartphone can be viewed and streamed to the PC or TV almost instantaneously. Videos edited on a PC can be uploaded to LG Cloud for viewing seconds later on a smartphone. Unlike other cloud services, there’s very little waiting or lag time since the content is streamed to the TV, PC or smartphone, not downloaded first.
The difference is in LG’s Real-time Streaming Transcoding technology. The conversion happens on the server in realtime, not on the device. There is no need to worry about installing codecs or converters, everything happens seamlessly and in the background with no involvement from the user. No other cloud service can make this same claim.
The service also works perfectly with 3D content. Vacation videos taken with an LG 3D smartphone can be uploaded via 3G or Wi-Fi to the LG Cloud service. Back home in the comforts of the living room, the family can watch the vacation footage as it streams from LG Cloud to their LG CINEMA 3D Smart TV in superb three dimensions.
To better develop cloud services that prioritize convergence, LG created a new division called Smart Business Center to focus specifically on content and services. Havis Kwon, President and CEO of LG’s Home Entertainment Company, is also responsible for the new Smart Business Center.
“Most companies today only see the cloud as a storage device or in the case of YouTube or Flickr, only for one type of content,” said LG’s Mr. Kwon. “LG makes the devices that millions of people watch content on so we can set a new yardstick for ease of use by setting up our own cloud service. Tomorrow’s consumers don’t want to go to one cloud for music, another cloud for video, another location for photos and yet another cloud for their office files. In the end, our solution is about making life more convenient.”
LG Cloud will be offered as both a free and paid service. Free storage space and pricing will differ market to market and will be announced separately as the service becomes available in that country.
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NEW IPS MONITORS
LG OPTIMUS TRUE HD LTE
LG MAKES DYNAMIC VIEWING EXPERIENCE MAINSTREAM WITH NEW IPS MONITORS
IPS4 Monitor Delivers Stunning Picture Quality, Lifelike Color Expression,
Original Color Consistency, Enhanced Viewing Comfort
SEOUL, Apr. 27, 2012 –- LG Electronics (LG) today announced the availability of a new line of monitors, the IPS4 series. These monitors feature In-Plane Switching (IPS) rather than conventional Twisted Nematic (TN) panels, allowing for superb color reproduction, exceptional picture quality and unmatched color shift-free wide viewing.
Thanks to an impressively wide viewing-angle (178 degrees), the new IPS monitors enable viewers to enjoy superb picture quality without any color shift whether sitting, standing or lying down. Smooth Color Change also eliminates blur generated from rapid motion in action scenes, sports or video games so that viewers feel less eye fatigue even during longer viewing sessions. When all of these technologies are combined, the result is a richer, more comfortable viewing experience.
By boosting color consistency and minimizing color changes, the IPS4 series is able to reproduce original colors, virtually eliminating the gap between what is shot and what is shown. As such, the IPS4 monitors are ideal for anyone engaged in photography or video editing.
“Despite strong sales and dominating the professional market, IPS monitors were less popular with the majority of consumers due to the cost of high-quality IPS panels,” said J.J. Lee, Executive Vice President and Head of IT Business Unit of LG Home Entertainment Company. “With the launch of the affordable IPS4 series, LG is taking a huge step in making IPS monitors ubiquitous in every room.”
A number of easy-to-use functions add to the appeal of the IPS4 series. For instance, the Dual Smart Solution feature uses a simple one-click set-up to run dual monitors, and even creates a dual taskbar and auto-optimized dual web split screen. The Dual Screen feature optimizes the window size to automatically divide the screen to view multiple web pages, making it easier than ever before to multitask online.
Efficiency has also been improved. The monitors are equipped with a cable management design that does away with the messy snarl of wires. The IPS4 series is much more energy-efficient compared to conventional LED monitors without sacrificing picture quality.
LG’s IPS4 series will first become available in Asia in May followed by Europe and North America in the coming weeks.
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LG EXPANDS GLOBAL LTE SMARTPHONE FOOTPRINT WITH ROLL-OUT OF OPTIMUS TRUE HD LTE IN EUROPE AND ASIA
Popular LTE Phone From LG Available In Three Continents Worldwide
SEOUL, April. 27, 2012 -– LG Electronics (LG) will expand its LTE smartphone footprint with the launch of Optimus True HD LTE in new markets across Europe and Asia: Germany, Portugal, Sweden, Hong Kong and Singapore.
First launched in Korea and now available in Japan, Canada and the US, Optimus True HD LTE is LG’s flagship LTE device. The phone has been recognized for its HD multimedia capabilities and beautiful 4.5-inch 1280 x 720 (16:9 ratio) True HD IPS display. To ensure peak performance, the Optimus True HD LTE runs on a 1.5GHZ dual-core processor and includes an 8MP camera to provide users with a truly best-in-class user experience. The device will receive an upgrade to Android 4.0 Ice Cream Sandwich.
“The mobile industry is evolving around LTE technology which has demonstrated its capability when it comes to speed, efficiency and reliability,” said Dr. Jong-seok Park, President and CEO of LG Electronics Mobile Communications Company. “With the Optimus True HD LTE, we want customers to understand that LTE isn’t just about the network and that all LTE phones are not alike.”
With the greatest number of LTE patents under its belt, LG showcased the world’s first voice-to-video conversion over a LTE network at this year Mobile World Congress (MWC). Since demonstrating the world’s first LTE technology demonstration in 2007, LG has continued its efforts in this area by developing the world’s first LTE modem chipset in 2008 and the world’s fastest LTE speed in 2010.
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WORLD CLASS IPS DISPLAY TECHNOLOGY FROM LG USED BY TOP PRO-GAMERS
LG Provides Elite Professional Gaming Team with Stunning IPS-Driven Picture
Quality and Introduces State-of-the-Art Technology to the Gaming Community
SEOUL, Apr. 26, 2012 –- LG Electronics (LG) announced a sponsorship deal with the top-ranked Incredible Miracle (IM) Team of the Global Starcraft II League (GSL).
The IM Team boasts some of the world’s best GSL gamers, including Jong-hyun Jung (Starcraft II ID: IMMvp) and Jae-duk Im (Starcraft II ID: IMNes Tea). Jung held one of the best records of any GSL gamer last year, picking up big wins at events such as the BlizzCon Invitational, Sony Ericsson GSL (January), MLG Anaheim and the Pepsi GSL, among others. GSL matches are regularly watched by more than two hundred thousand people and on average, more than 1.7 million viewers per day tune in to watch big tournaments from nearly every country around the world.
As one of LG’s on-going support initiatives for the gaming community, LG will offer pro-gamers IPS monitors to use in training, providing a more comfortable viewing experience. Reducing eye fatigue is a key factor for gamers who play Role-Playing Games (RPGs) for extended periods of time. The initiative will also offer a range of interactive events to give game fans the opportunity to meet and play special matches with IM Team members at well-known gaming conventions.
“When training, pro-gamers are looking at their monitor for many hours every day,” said Jong-hyun Jung, IM Team’s all-star member. “IPS monitors have color rendering that is extremely good, and the image processing capabilities are perfect for RPGs. LG’s IPS has also eliminated the blur generated from rapid motion in video games. This puts less strain on my eyes, even when I put in a lot of hours.”
LG has already garnered a strong reputation for demonstrating impressive advances in displays and monitors. It has earned praise for its 3D technology and the benefits of IPS monitors were also recognized at a number of game conventions and festivals such as last year’s LG CINEMA 3D Global Game Festival, held in over 20 countries.
“We’re very excited about having the opportunity to work with IM Team. It’s a great chance for us to interact with members of the gaming community,” said J.J. Lee, Executive Vice President and Head of IT Business Unit of LG Home Entertainment Company. “IPS monitors are simply perfect for gaming as they don’t have the color and viewing angle limitations that some with Twisted Nematic (TN) monitors.”
LG plans to invest heavily in the monitor market in 2012 by offering a comprehensive lineup of IPS monitors, providing consumers with the most immersive home entertainment experience possible. LG’s IPS4 series will be available in May in select markets with 3D IPS monitors and Personal TVs being announced soon after.
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LG ANNOUNCES FIRST-QUARTER 2012 FINANCIAL RESULTS
In the Black, Company Reports Significant Improvement by
Focusing on Higher Margins and Efficient Operation
SEOUL, Apr. 25, 2012 — LG Electronics Inc. (LG) today announced that after two consecutive quarters of net losses, the company has turned the corner with a net profit of KRW 243 billion (USD 214.9 million), a direct result of the company’s efforts to innovate in all key business units and focus on high performing products.
Unaudited consolidated financial results, based on IFRS (International Financial Reporting Standards) for the quarter ending March 31, 2012, showed consolidated revenues of KRW 12.2 trillion (USD 10.8 billion) with an operating profit of KRW 448 billion (USD 396.1 million). This compares favorably to the consolidated operating profit of KRW 280 billion for all of 2011.
LG Home Entertainment Company posted significantly improved operating profit in the quarter, compared with the same period a year ago. Sales, while strong at KRW 5.3 trillion (USD 4.7 billion), declined by 6.8 percent compared with the first-quarter of 2011, largely due to the a sluggish European economy. Due in large part to the popularity of new products such as CINEMA SCREEN 3D Smart TV in the Korean market and improvements in supply chain management, operating profit nearly doubled to 217 billion (USD 191.9 million) from the same period the previous year. LG will leverage upcoming big ticket sporting events and the global roll-out of LG’s redesigned 2012 TV models to stimulate higher demand for its Home Entertainment products.
LG Mobile Communications Company saw operating profit more than triple quarter-over-quarter from KRW 12 billion to KRW 39 billion (USD 34.5 million) as a result of a better product mix and an increase in the proportion of smartphone sales. Overall revenues declined 14 percent year-over-year from KRW 2.9 trillion to KRW 2.5 trillion (USD 2.2 billion) as a result of declining feature phone sales but smartphone revenue increased due to the popularity of Optimus LTE and Optimus Vu: in the home market. The company expects to strengthen its smartphone lineup even more in the second quarter with the introduction of its L-Style series and quad-core smartphones.
LG Home Appliance Company’s first-quarter 2012 operating profit increased 48 percent from the same period last year to KRW 152 billion (USD 134.4 million) thanks to higher average sales price, better product mix and cost efficiency. A 2.7 percent decrease in revenues year-over-year, to KRW 2.5 trillion (USD 2.2 billion), primarily reflected a slowdown in China and developed markets. Despite continued sluggishness in major markets and a rise in the cost of raw materials, the company will continue to efficiently allocate resources and develop differentiated products such as the Blast Chiller refrigerator.
LG Air Conditioning and Energy Solution Company saw operating profit more than double from the same period last year to KRW 81 billion (USD 71.6 million) thanks to new high-end products and cost structure improvements. First-quarter revenues were essentially flat, declining 1.2 percent year-over-year to KRW 1.2 trillion (USD 1.1 billion). LG is optimistic that government policies to promote the usage of energy-efficient products in homes and businesses will create new growth opportunities for the company, along with highly efficient commercial air conditioners.
2012 1Q Exchange Rates Explained
LG Electronics unaudited earnings results are based on IFRS and amounts in Korean Won (KRW) are translated into US Dollars (USD) at the average rate of the three month period in each corresponding quarter: KRW 1,131 per USD (2012 1Q) and KRW 1,121 per USD (2011 1Q).
Earnings Conference and Conference Call
LG Electronics will hold a Korean language earnings news conference on April 25, 2012 at 16:00 Korea Standard Time at the LG Twin Tower Auditorium (B1 East Tower, 20 Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea). An English language conference call will follow on April 26, 2012 at 10:00 Korea Standard Time (01:00 GMT/UTC). Participants are instructed to call +82 31 810 3069 and enter the passcode 9084#. The corresponding presentation file will be available for download at the LG Electronics website ( www.lg.com/global/ir/reports/earning-release.jsp ) at 13:30 on April 25, 2012. Please visit http://pin.teletogether.com/eng/ and pre-register with the passcode provided. For those unable to participate, an audio recording of the news conference will be available for a period of 30 days after the conclusion of the call. To access the recording, dial +82 31 931 3100 and enter the passcode 142650# when prompted.
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SECOND-GENERATION 3D SMARTPHONE
LG AND POPULAR KOREAN BOY BAND SUPER JUNIOR INVITE FANS TO A VIRTUAL CONCERT
Meet LG’s Optimus L-Series Ambassadors Through
LG Mobile’s Special Facebook Event
SEOUL, Apr. 23, 2012 -– LG Electronics (LG) and one of Korea’s most famous boy “idol” groups, Super Junior, will invite fans in Asia to the LG Optimus Super Concert to celebrate the launch of LG’s new Optimus L-Series in Asia. The virtual concert will kick-off this week in Indonesia before moving on to Taiwan, Vietnam, Singapore, Malaysia, Hong Kong and the Philippines. The concert dates will coincide with the availa-bility of the Optimus L-Series in each country.
The LG Optimus Super Concert will be held in a virtual space so every fan can enjoy a VIP guest-like experience. Fans can participate in the event via local LG Mobile Facebook pages in the participating countries. During the six-week event, 2,100 lucky winners will win special “Mr. Simple” music video CD co-produced by LG and Super Junior. The CD also contains behind-the-scenes footage on the making of the video.
“Asia is one of the most important regions for LG’s smartphone business,” said Brian Na, Executive Vice President and the Head of Global Sales and Marketing of LG Mobile Communications Company. “Through the launch of the Optimus L-Series and our sponsorship of this virtual concert, we hope to deliver a broader mobile experience to a wider audience of consumers.”
The Optimus L-Series of smartphones includes the Optimus L7, L5, and L3, with the Optimus L3 to be rolled-out this month with the Optimus L7 to follow in May. L-Style’s design philosophy is comprised of five aesthetic elements: Modern Square Style for a comfortable grip, Floating Mass Technology for a slimmer look, Seamless Layout for a more intuitive arrangement of keys, Harmonized Design Contrast utilizing metallic accents and Sensuous Slim Shape that naturally draws one’s attention.
LOCAL FACEBOOK PAGE :
Indonesia: http://www.facebook.com/lgmobileindonesia
Vietnam: http://www.facebook.com/lgmobile.vietnam
Taiwan: http://www.facebook.com/lgmobile.com.tw
Singapore: https:// www.facebook.com/lgmobilesingapore
HongKong: http://www.facebook.com/lghklifesgood
Malaysia: https://www.facebook.com/LGEMalaysia
Philippines: https://www.facebook.com/LGOptimusPH
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LG LAUNCHES SECOND-GENERATION 3D SMARTPHONE IN EUROPE
Optimus 3D Max Ushers in New Level of 3D Entertainment
with Powerful Performance and Features
SEOUL, Apr. 23, 2012 -– LG’s latest achievement in the glasses-free 3D space — the Optimus 3D Max — will kick-off its global roll-out today starting in Europe. As first seen at Mobile World Congress 2012, the second-generation 3D smartphone boasts an enhanced chipset and more enticing 3D entertainment features in a slimmer and lighter body.
“We are deliberately pushing the limits of mobile entertainment innovation with the Op-timus 3D Max,” said Dr. Jong-seok Park, President and CEO of LG Electronics Mobile Communications Company. “This device has evolved significantly since we introduced the first Optimus 3D at Mobile World Congress in 2011. Our second generation glasses-free 3D smartphone is as thin and light as any other high-end smartphone while still de-livering a spectacular picture in either 2D or 3D.”
The Optimus 3D Max now includes a new 3D Converter which allows for a greater variety of 3D content as it converts 2D content from Google Earth, Google Maps and other mapping apps into 3D. Visitors at MWC 2012 also raved about the device’s unique 3D video editor which allows the editing of 3D video on the phone in real time. And the 3D Hot Key mounted on the side of the phone enables users to easily toggle between 2D and 3D. The Optimus 3D Max includes 3D-style cubicle icons in addition to its customizable icons which can be amended by applying the users’ own photos through the Icon Customizer feature.
Additional features, which will be available through an upcoming maintenance release (MR), include a HD Converter to offer high resolution content to be viewed on a TV connected through MHL (Mobile High-Definition Link) and Range Finder, which calculates the distance between the camera and a subject as well as the dimensions of an object through triangulation.
As for its new form-factor, the Optimus 3D Max is 2mm slimmer and 20g lighter than its predecessor, measuring only 9.6 mm thin and weighing 148g. The 5MP camera on the rear captures both photos and video in 3D using its dual lenses. The recorded material can be viewed directly on the smartphone in glasses-free 3D or on a 3D capable computer monitor or TV.
Key Specifications:
• Chipset: 1.2GHz Dual-Core processor (OMAP4430)
• Display: 4.3-inch 3D WVGA Display with Corning® Gorilla® Glass 2
• Memory: 8GB Internal Storage, 1GB Internal Memory, Micro SD support (up to 32GB)
• Camera: 2 x 5MP rear-facing, VGA front-facing
• OS: Android 2.3 Gingerbread
• Battery: 1,520 mAh
• Others: HSPA + 21Mbps
HDMI connection 2D/3D TV/monitor up to 1080p via MHL
DNLA for wireless connection with TV/PC (3D video also supported)
NFC Full Support, LG Tag+
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NEXT GENERATION PREMIUM 3D CONTENT SERVICE
LG ANNOUNCES GLOBAL LAUNCH OF 3D WORLD, NEXT GENERATION PREMIUM 3D CONTENT SERVICE
3D World to Improve Access to High Quality 3D Content for
LG Customers and Boost Efforts to Increase 3D Content Collaboration
SEOUL, Apr. 16, 2012 –- LG Electronics (LG) announced the worldwide opening of 3D World, a premium content service that will be available to LG’s CINEMA 3D Smart TV users in nearly 70 countries. With DNA from LG’s original 3D Zone Smart TV app launched last year, 3D World gives LG customers access to an expansive selection of high quality 3D content via a “card” on the Home Dashboard.
3D World allows customers the ability to search through high quality 3D content across numerous content categories such as entertainment, sports, documentary, kids, and lifestyle. Once the content is selected, LG’s CINEMA 3D Smart TV brings it to life in beautifully rendered 3D images. The action scenes in sports become more dynamic and exciting, documentaries more realistic, educational videos in the kids’ category more captivating.
Whether it’s cooking, travel, fashion or any other interest, there’s something for everyone. In addition to the content, LG plans to pursue further collaborations with global 3D content providers in order to bring the most sought after 3D content to LG customers.
“3D World is a critical part of LG’s long-term strategy which includes controlling more of the 3D ecosystem that CINEMA 3D owners experience,” said Havis Kwon, President and CEO of LG Home Entertainment Company. “With the global roll-out of 3D World, LG is demonstrating its commitment to providing diverse, high quality 3D content.”
3D World will be offered in app-format for CINEMA 3D Smart TVs that were produced in 2011, while 2012 models will use the streamlined card system on the Home Dashboard.
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TOTAL HVAC AND ENERGY SOLUTIONS
LG TO INTRODUCE TO EUROPE TOTAL HVAC AND ENERGY SOLUTIONS WITH SUPERB ENERGY EFFICIENCY
Wide Range of High Efficiency Air Conditioning and
Energy Solutions at Mostra Convegno Expocomfort 2012
SEOUL, MAR. 26, 2012 –- LG Electronics (LG) will present a full lineup of commercial air conditioning and energy solutions at the Mostra Convegno Expocomfort (MCE) 2012 — Europe’s premier air conditioning exhibition — in Milan, Italy. LG will highlight its latest system air conditioning solutions, including the highly energy efficient Multi V III Heat Pump VRF system and the new Hydro Kit, customized specifically for European consumers.
The Multi V III series boasts a 4.58 coefficient of performance and a larger capacity per unit with an extended piping length of 1,000m. The Multi V III Heat Recovery System, which is capable of simultaneously heating and cooling different zones with a maximum COP of 7.1, has been honoured as a Class A product and will be separately displayed at the event, “Verso La Classe A 2012”.
Meanwhile, the Hydro Kit, which will be unveiled for the first time at MCE 2012, offers a solution for floor and water heating, as it allows 77 percent savings in energy consumption and 51 percent less emissions compared to conventional boilers. LG will also showcase a range of air conditioning solutions, including the Multi V III Heat Recovery System, the Therma V, the H Inverter and the Prestige Inverter. Highly versatile building management systems will also be on display.
“The innovation that LG is bringing to this industry is unmatched in scope as well as benefits,” said Kam-gyu Lee, Senior Vice President of the System Air Conditioning Business Unit of LG’s Air Conditioning and Energy Solution Company. “We are very confident in our solutions being able to satisfy the needs of European consumers and help improve their quality of life.”
Through its comprehensive and energy efficient HVAC and energy solutions, LG’s AE Company is confident it can significantly increase its sales in Europe as well as achieve USD 10 billion in global sales by 2015.
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