LG sold 5 million LTE smartphones, shoots for a 'second to none' LTE lineup soon

LG ACHIEVES SALE OF FIVE MILLION LTE SMARTPHONES

With One of the Widest Selection of LTE Devices, LG Follows
Strategy of Different Phones for Different Consumer Needs

SEOUL, Aug. 15, 2012 -– LG Electronics (LG) announced that it reached a
new milestone with global sales of five million LTE smartphones to date.
After reaching sales of four million LTE smartphones last month, an
additional one million smartphones were sold in the month of July -– one
LTE smartphone roughly every two and a half seconds.

LG released the first LTE smartphone "RevolutionTM by LG" in the U.S. in
May of last year through the largest carrier Verizon Wireless and expanded
its LTE target markets with its global LTE smartphones.

Focusing on the key markets with LTE capabilities, LG saw strong
acceptance by offering diverse LTE smartphones according to consumer
needs. Currently, more than ten LG LTE smartphones are available in
countries where LTE service is available, including Korea, U.S., Japan and
select markets in Europe and Asia.

Although Optimus LTE takes the title of the most popular LTE smartphone
from LG with two million in sales, Optimus Vu: has sold over 500,000 units
since March, demonstrating the device's acceptance as it prepares for its
global roll-out. And with the release of the industry's first 2GB RAM LTE
smartphone Optimus LTE II in May, LG saw the fastest sales among all LTE
smartphones with this device reaching half a million units in the first 70
days.

According to a report by Jefferies & Company, LG is the global leader in
LTE patents with a value of over USD 8 billion. And intellectual property
consulting firm TechIPM analyzed LTE-related patents registered to the
U.S. Patent and Trademark Office by the second quarter of this year and
reported that LG held the largest overall number of patents as well.

"Sales of global LTE smartphones are expected to increase ten-fold this
year from last year," said Dr. Jong-seok Park, President and CEO of LG
Mobile Communications Company. "With that in mind, we are planning to
introduce an even more impressive LTE line-up in the next several months
second to none."

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