Excellence in Design and Innovation Recognized in 10 Categories;
77-inch 4K OLED TV Distinguished as 2016 ‘Best of Innovations’

SEOUL, Nov. 11, 2015 ― The Consumer Technology Association (CTA^®), formerly the Consumer Electronics Associate, is recognizing LG Electronics (LG) excellence in design and technology with 21 awards for innovative products to be on display at CES 2016 in Las Vegas from Jan. 6-9, 2016. LG received the prestigious 2016 CES^® Innovation Awards in 10 highly competitive categories: Home Appliances, Computer Peripherals, Computer Hardware and Components, Accessible Tech, Smart Home, Video Displays, Headphones, Wearable Technologies, Wireless Handsets and Wireless Handset Accessories.

CES 2016 Innovation Award winners include LG’s breakthrough 77-inch 4K OLED TV for 2016, the all-new LG V10 smartphone and the revolutionary LG TWIN Wash™ with SideKick™ Pedestal Washer. This marks the fourth year in a row that LG’s OLED TVs and smartphones have earned CES Innovation Awards. Other LG products winning 2016 awards ― including 4K OLED TVs and 4K LCD/LED TVs, home appliances and mobile devices and accessories ― will be announced Jan. 5 during the 2016 CES.

“LG is committed to delivering Innovation for a Better Life and our 2016 CES Innovation Awards across 10 categories show we are doing fulfilling our brand promise,” said William Cho, president and CEO of LG Electronics USA. “From our revolutionary OLED TVs to the groundbreaking TWIN Wash and everything in between, LG continues to deliver products that make consumers’ lives easier. We look forward to introducing our new products at CES in January.”

LG’s prolific OLED TV lineup has elevated the technology into an entirely new category of television. Winning the 2016 CES ‘Best of Innovations’ for video displays, LG’s 2016 77-inch 4K OLED TV was singled out by the award judges as an outstanding feat of modern engineering and design. In addition to its cutting-edge design aesthetic, LG’s revolutionary OLED display technology features HDR premium performance and delivers truly exceptional picture quality, with perfect blacks and incredible color, even at wide viewing angles. LG OLED TVs’ perfect blacks contribute to a contrast ratio 200 times deeper than that of an LCD panel and bring colors to life like never before. Rounding out LG’s CES Innovation Award-winning home entertainment products are new advanced projector, UltraWide™ monitor, and premium lightweight laptop products, building on the success of earlier models.

LG continues to take laundry to the next level with its TWIN Wash™ with SideKick™ pedestal washer, an industry-first home laundry innovation that allows users to run two separate loads of laundry at the same time. The SideKick, an additional washing machine in the pedestal placed under the LG front-load washer, is specifically designed to wash small custom-care laundry loads. It is compatible with most LG front-load washers available since 2009.

Another CES Innovation Award-winning laundry innovation, LG Styler, is a sleek new clothing management system that is an easy and time-saving way to maintain and refresh special care items such as suits, coats, blouses and sweaters. It is designed to minimize the frequency of trips to the dry cleaners to save consumers time and money while helping them look and feel their best.

The new LG V10 was also recognized by CTA for pushing the boundaries of mobile innovation. The V10 is a smartphone designed with creativity in mind, providing a rich multimedia experience ― both for video consumption and creation. The iconic new phone is designed for durability and features a Second Screen, Dual Front Cameras,  Manual Video Mode and 32 bit Hi-Fi DAC, make the LG V10 a perfect choice for consumers seeking an award-winning gift this holiday season.

Other LG mobile products honored with 2016 CES Innovations Awards include the LG Watch Urbane 2nd Edition, the LG TONE Active, and the LG Rolly Keyboard:

• The LG Watch Urbane 2nd Edition is the first Android Wear device to feature cellular connectivity. Now consumers can even make calls from their watch and of course connect to Android smartphones or iOS devices.
• The all-new LG TONE Active is the latest version of the best-selling Bluetooth headset. It fits snugly around the neck with a stay-put, contoured design, has a water resistance and features retractable earbuds for a sleek look.
• The LG Rolly Keyboard is the industry first solid “rollable” wireless portable keyboard that folds up to fit easily inside one’s pocket, purse, backpack or briefcase. Simply unfold the Rolly to enable the auto reconnection function and connect easily to two different devices via Dual Pairing function.

“This marks the fourth year in a row that an LG smartphone has been recognized with a CES Innovation Award,” said Morris Lee, senior vice president and head of North American sales and marketing, LG Electronics MobileComm. “The LG V10, Watch Urbane 2nd Edition and our other award-inning products are further examples of LG’s commitment to mobile innovation.”

Sponsored by CTA and endorsed by the Industrial Designers Society of America, the CES Innovation Awards highlight product advancements in technology design and engineering. CES Innovation Awards are selected annually by a panel of prominent industry designers, engineers and journalists who judge product entries on a variety of criteria including user value, aesthetics, innovative design, quality and contributions to quality of life.

LG has been honored with more than 170 CES Innovation Awards since the official U.S. launch of the LG brand at CES 2004.

 

# # #

 

LG Receives Seven ‘2015 Best of the Year’ Awards
Across Consumer Electronics and Home Appliance Categories

SEOUL, Nov. 10, 2015 ― Reviewed.com, a division of USA TODAY, has honored LG Electronics USA with seven of its 2015 Best of the Year Awards, a prestigious recognition based on extensive lab-tested reviews and expert technical analysis. LG products across home entertainment and home appliance categories received top accolades, including LG’s 65EF9500 flat 4K OLED TV, which earned the coveted Best Television of the Year designation for the second year in a row, as well as the Best 4K Television honor.

In the Best Smart TV Platform category, LG’s webOS 2.0 platform earned the top honor, reinforcing its revolutionary interface as best-in-class technology designed to make finding and switching between content options ― including broadcast TV, streaming services and external devices ― easy and simple for consumers. A range of LG home appliance products were also recognized as 2015 Best of the Year Awards honorees by Reviewed.com, including the LG Mega-Capacity Front-Load Washer, Single Gas Oven Range, Ultra-Large Capacity Front-Load Washer featuring LG’s TurboWash^® technology, and LG Black Stainless Steel.

“The experts have spoken. Reviewed.com’s Best of the Year award confirms what we’ve been saying all along ― that LG’s OLED TV is the head of the pack,” said David VanderWaal, head of marketing, LG Electronics USA. “These awards, which also recognize LG home appliances, are a testament to LG’s ongoing efforts to create innovative new offerings across a range of categories that make consumers’ lives better.”

LG home entertainment products earned Reviewed.com’s 2015 Best of the Year Awards honors in a number of major categories:

Best Television of the Year

Best 4K Television

LG Flat 4K OLED TV (65EF9500)

LG’s flat 4K OLED TV combines the intense detail of 4K ULTRA HD and the superior contrast and color of OLED to display the ultimate in picture quality, with an amazingly slim depth of a few millimeters and a stylish, frameless design. LG’s revolutionary OLED technology delivers a breathtaking picture with perfect blacks and incredible color, even at wide viewing angles like no LCD/LED TV can. It’s the world’s first flat OLED 4K TV and the first fully HDR-enabled OLED TV, allowing consumers to display HDR content from both streaming partners and external devices. Available in 65-inch and 55-inch class sizes, the EF9500 series also represents the first ENERGY STAR-certified 4K OLED TVs.

Best Smart TV Platform

LG webOS 2.0

LG’s webOS Smart TV is designed to make switching between content options ― including broadcast TV, streaming services and external devices ― intuitive and fast. LG webOS features simple switching to let users quickly shift the content they like, as well as simple discovery to help find new sources of entertainment from 4K partners such as Amazon Instant Video, Netflix™, YouTube™, now DIRECTV and many more Full HD options.¹

LG home appliance products earned Reviewed.com’s 2015 Best of the Year Awards honors in a number of major categories:

Best Washing Machine of the Year

LG Mega-Capacity Front-Load Washer (WM800HVA)

LG’s Mega-Capacity Front-Load Washer features the largest capacity front load washer in its class ² at 5.2 cubic feet, so it can wash more clothes ― including larger, bulky items ― in fewer loads, saving time and money in energy usage. In fact, there is enough space to effectively clean a king-size comforter and full set of king bedding in a single load. It also boasts LG’s innovative TurboWash^® technology that allows users to save up to 30 minutes per load, even with larger loads of laundry, while still offering outstanding cleaning performance. ³ This model also received the 2015 ENERGY STAR^® Most Efficient designation which recognizes the most efficient products among those that qualify for the ENERGY STAR.

Best Gas Range

LG Single Gas Oven Range (LRG4115ST)

LG’s Single Gas Oven Range features a variety of technologies designed for better cooking performance. The unit comes equipped with LG’s proprietary ProBake Convection™ technology, which allows items to be baked to perfection on every rack, every time. Inspired by commercial-grade ranges, LG moved the heating element from the bottom of the oven to the back wall (where the convection fan is located) for optimal heat distribution. Users will enjoy consistent browning on top and bottom, with every cookie baked to perfection. This new range also features LG’s EasyClean^® technology, which delivers a clean oven in just 10 minutes ― the fastest oven-cleaning feature yet ― without strong chemical fumes or high heat.

Best Value Front-Load Washer

LG Ultra-Large Capacity Front-Load Washer (WM3575CV)

LG’s Ultra-Large Capacity Front-Load Washer also features LG’s TurboWash^® technology that allows users to save up to 30 minutes per load, even with larger loads of laundry, while still offering outstanding cleaning performance. ⁴ Its capacity at 4.5 cubic feet of space allows the user to do more laundry in fewer loads, saving time and energy. This washer is ENERGY STAR^® qualified, meaning it is among the most energy-efficient washers in its class, and impacts the consumer’s utility bills, energy and water usage, and the environment.

Best New Finish in Appliances

LG Black Stainless Steel

LG’s newest kitchen suite including a refrigerator, range, microwave and dishwasher features a distinctive design, thanks to its black stainless steel exterior. Darker than traditional stainless steel, this new finish gives the refrigerator a unique and sophisticated look that complements the décor and aesthetic of any modern kitchen space. The darker hue surface is also layered with a special coating material that makes it fingerprint and smudge resistant, allowing the new finish to stay beautiful.

For more information on these awards and LG’s award-winning products, please visit www.reviewed.com and www.lg.com, respectively.

————————————————————-

¹ 4K/UHD content delivery standards still being developed. Wireless Internet connection & certain subscriptions required and sold separately. Agreement to smart TV terms and conditions required to use certain smart features. Content and services vary by product and are subject to change without notice. webOS does not support Flash. In order to stream 4K content you need you will need a high speed Internet plan capable of receiving 20Mb per second of data.

² Based on manufacturers published specs of front load washers with a width of 29 inches or less.

³ Compared to an LG top load washer without TurboWash. Based on AHAM-HLW-1-2010 test protocol. Cotton / Normal or comparable cycle at default settings, 8 lb. loads. Excludes quick wash or comparable cycles intended for small, lightly soiled loads only.

⁴ Compared to an LG top load washer without TurboWash. Based on AHAM-HLW-1-2010 test protocol. Cotton / Normal or comparable cycle at default settings, 8 lb. loads. Excludes quick wash or comparable cycles intended for small, lightly soiled loads only.

# # #

Recognized for Excellence in Design with 13 Awards in Communication Design Category

SEOUL, Nov. 3, 2015 — LG Electronics (LG) was honored with the title of Brand of the Year by the prestigious Red Dot Award, one of the top design award competitions in the world. With this recognition, LG joins the ranks of renowned previous winners such as PepsiCo, Audi AG, and Mercedes-Benz. LG also becomes only the third company to win both Brand of the Year and Design Team of the Year, which LG won in 2006.

The title of Brand of the Year was bestowed on LG for its 13 wins in the Red Dot Award: Communication Design category over the course of the year. Winning entries this year include the LG G4 and LG Watch Urbane, both embodying the company’s human-centric user experience (UX) design philosophy with a simpler and more intuitive interface to accommodate individual users.

“The brand management of LG Electronics is unparalleled in its skills in this respect. The corporate claim sums it up — Life’s Good,” said Dr. Peter Zec, founder and CEO of Red Dot. “Anyone who invests in an LG product notices immediately that his or her life is a little more attractive because of it. That is exactly how convincing brand management works.”

“Being honored by Red Dot Award is humbling and demonstrates LG’s leadership in the field of design by reaffirming our ongoing commitment to both innovative design and intuitive consumer experience,” said Noh Chang-ho, vice president and head of corporate design at LG Electronics. “We will continue to design and develop creative solutions that elicit a positive emotional response and deepen the relationship between our brand and consumers to live up to our motto, Innovations for a Better Life.”

LG will be publicly honored on November 6 at the annual Red Dot Gala in Berlin and LG’s winning products can be viewed online at www.red-dot.de/cd.

 

# # #

Home Appliance & Air Solution Company Reports Solid Quarter,
Offsetting Challenging Market Conditions for TVs, Smartphones

SEOUL, Oct. 29, 2015 — LG Electronics Inc. (LG) today announced strong operating profit margin in its Home Appliance & Air Solution Company, contributing to a modest overall net profit of KRW 124.8 billion (USD 106.76 million) for the third quarter of 2015. Amid increasing competitive pressure in both the TV and smartphone sectors, LG’s third-quarter sales rose 0.7 percent from the second quarter to KRW 14.03 trillion (USD 12 billion), while operating profit increased from the previous quarter to KRW 294 billion (USD 251.5 million).

The LG Home Entertainment Company reported third-quarter revenue of KRW 4.29 trillion (USD 3.67 billion), an increase of 9 percent quarter-on-quarter due to solid sales in UHD and OLED TVs in markets such as North America, Latin America and Commonwealth of Independent States. Profitability also increased from the previous quarter as a result of improvements in product mix and cost structure. With continuing soft global TV demand, LG plans to bolster its profitability by increasing its marketing focus in the premium segment while continuing to improve its cost competitiveness.

The LG Mobile Communications Company reported global shipments of 14.9 million smartphones, a 6 percent increase from the previous quarter. Despite a 12 percent sales increase in North America, overall revenues of KRW 3.38 trillion (USD 2.89 billion) were 7 percent lower quarter-on-quarter and decreased 21 percent year-on-year due in large part to weaker demand for high-end devices in Korea. LG expects the launch of the advanced V10 and price-competitive Nexus 5X smartphones in the fourth quarter to improve the overall product mix.

The LG Home Appliance & Air Solution Company reported a strong quarter with a 4 percent increase in sales to KRW 4.15 trillion (USD 3.55 billion) and an operating profit of KRW 245.6 billion (USD 210.1 million), an increase of 420 percent from the same period the year before. Operating profit for refrigerators improved as a result of strong sales of premium models in North America and Korea while the unique new Twin Wash system contributed toward improved profit margins in the washing machine business. Fourth-quarter results are likely to be impacted by the effects of unfavorable exchange rate and seasonality.

The LG Vehicle Components Company reported a 6 percent increase in sales quarter-on-quarter to KRW 478.6 billion (USD 409.41 million) primarily as a result of its growing infotainment business. Revenues from vehicle engineering were flat due to weaker demand in emerging markets such as Russia and Malaysia. Investments in R&D related to electric car and automotive electronic components contributed to a modest operating loss. Going forward, LG expects recent issues related to diesel automobiles to positively affect the electric vehicle and automotive electronic components markets.

2015 3Q Exchange Rates Explained

LG Electronics’ unaudited quarterly earnings results are based on IFRS (International Financial Reporting Standards) for the three-month period ending September 30, 2015. Amounts in Korean won (KRW) are translated into U.S. dollars (USD) at the average rate of the three-month period of the corresponding quarter — KRW 1,169 per USD (2015 3Q).

Earnings Conference and Conference Call

LG Electronics will hold a Korean language earnings conference on October 29, 2015 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 October 29, 2015 at 19:00 Korea Standard Time (10:00 GMT/UTC). Participants are instructed to call +82 31 810 3061 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 15:00 on October 29, 2015. 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 142790# when prompted.

 

# # #

Engineers from GM and LG Electronics Partner on Critical Components

SEOUL, Oct. 21, 2015 — General Motors set aside traditional vehicle development in selecting LG Electronics as its partner in developing the next generation Chevrolet Bolt EV (electric vehicle), which can travel more than 200 miles on a single electric charge.

Offering consumers the first long-range, affordable EV required an unprecedented supplier relationship combining expertise in infotainment, battery systems and component development with GM’s proven in-house capabilities in electric motor design, battery control, system validation and vehicle body/system integration.

Following joint planning and research, GM and LG brought the Chevrolet Bolt EV to reality. The Bolt EV concept was shown at the North American International Auto Show in January this year. Chevrolet confirmed in February that the Bolt EV would go into production at GM’s Orion Township, Michigan (USA) assembly plant in late 2016.

GM & LG Blend Expertise

Engineers considered different vehicle architectures, electric driving ranges and performance options for the Bolt EV before deciding the vehicle must be affordable and deliver 200-plus miles of all-electric driving with spirited performance. LG supplied an array of new components and systems for the Chevrolet Bolt EV, including:

• Electric Drive Motor (built from GM design)
• Power Invertor Module (converts DC power to AC for the drive unit)
• On Board Charger
• Electric Climate Control System Compressor
• Battery Cells and Pack
• High Power Distribution Module (manages the flow of high voltage to various components)
• Battery Heater
• Accessory Power Module (maintains low-voltage power delivery to accessories)
• Power Line Communication Module (manages communication between vehicle and a DC charging station)
• Instrument Cluster
• Infotainment System

“Chevrolet needs to be disruptive in order to maintain our leadership position in electrification,” said Mark Reuss, GM executive vice president of Global Product Development, Purchasing and Supply Chain. “By taking the best of our in-house engineering prowess established with the Chevrolet Volt and Spark EV, and combining the experience of the LG Group, we’re able to transform the concept of the industry’s first long range, affordable EV into reality.”

LG Electronics’ Vehicle Components led a team of LG companies including LG Chem, LG Innotek and LG Display to help develop the Bolt EV. LG Electronics has invested more than $250 million in an engineering and manufacturing facility in Incheon, Korea, to support the component development and manufacturing for Bolt EV components.

“Being selected as GM’s EV technology partner positions LG as a key player in next-generation vehicular technologies,” said Lee Woo-jong, president and CEO of the LG Electronics Vehicle Components Company. “The opportunity to work with GM on such game-changing technology is indicative of exactly the type of contributions that traditional tech companies can make in the automotive space.”

GM-LG Longstanding Relationship

GM’s relationship with LG began in 2007 when LG Electronics was tasked with supplying the vehicle communications module for OnStar, GM’s exclusive telematics system. Another LG-owned company, LG Chem, and GM have a long-standing relationship: the company was chosen as the sole supplier of battery cells for the first-generation Chevrolet Volt, which launched in 2010.

After delivering exceptional quality for the more than 23 million cells with less than two problems per million cells produced for the first-generation Chevrolet Volt, GM turned to the LG Corp. to bring forward new expertise from LG Electronics and other LG companies. The agreements encompassed supplying components for the Bolt EV and marked the first time that GM integrated a full EV component supplier so early in vehicle development.

# # #