LG RECEIVES AHRI PERFORMANCE AWARD FOR SEVENTH CONSECUTIVE YEAR

Sought-after Industry Accolade Confirms the Impressive Quality and

Performance of Company’s Diverse HVAC Solutions

SINGAPORE, Mar. 21, 2024 — LG Electronics has received the Air-Conditioning, Heating & Refrigeration Institute (AHRI) Performance Award for the seventh year in a row. The award underscores the excellence of LG’s heating, ventilation and air conditioning (HVAC) solutions, which continue to set the standard for performance, efficiency and reliability.

Founded in 1953, AHRI is a respected international trade association for manufacturers of HVAC, refrigeration and water heating solutions. Its current membership includes more than 350 companies, representing countries and territories from all over the world.

The product evaluations required to determine which companies will ultimately receive an AHRI Performance Award are largely carried out by Intertek, the respected third-party testing, certification and inspection organization.

For the third consecutive year (from 2021 to 2023), a total of 62 LG HVAC solutions across six product categories successfully passed AHRI’s rigorous evaluation process. The assessed LG products represent the following HVAC categories: Energy Recovery Ventilator (ERV), Variable Refrigerant Flow (VRF), Unitary Small Heat Pump (USHP), Water-Cooled Chiller (WCCL), Air-Cooled Chiller (ACCL) and Air Handling Unit (AHU).

The Multi V large-capacity outdoor unit, one of the outstanding LG solutions evaluated for the latest AHRI Performance Award, leverages the company’s renowned Inverter Compressor to deliver a powerful, energy-efficient performance. Particularly popular with customers in Northern Hemisphere countries, where winters can be exceptionally harsh, LG’s premier VRF system provides reliable and effective indoor heating, even in temperatures as low as negative-30 degrees Celsius (negative-22 degrees Fahrenheit).

Evaluated in the USHP category, which includes mixed-matched coils and wall-mounted heat pumps, the Multi V S is a compact yet powerful VRF solution offering low operating costs and high efficiency. Well-suited to small offices, and apartments with limited balcony space, the Multi V S employs environmentally friendly refrigerant and boasts LG’s durable Ocean Black Fin, and a variety of advanced sensing control functionalities.

Receiving the award for the first time, LG’s Air-Handling Unit (AHU) ensures a fresh and comfortable indoor environment by controlling indoor heating and cooling, ventilating and humidification.

LG’s Core Tech sets the company’s HVAC products apart with independently developed and manufactured key components of its HVAC solutions, such as compressors and motors. Furthermore, LG maintains a proactive approach to research and development investment, focused on advancing technologies including heat exchangers, inverters and heat pumps.

“Earning the AHRI Performance Award for seven straight years is a significant milestone and a testament to the quality and dependability of LG’s HVAC solutions,” said James Lee, head of the Air Solution Business Unit at LG Electronics Home Appliance & Air Solution Company. “We will continue to expand our presence in the global HVAC market, providing efficient, eco-conscious solutions that customers can depend on, year after year.”

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About LG Electronics Inc.

LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 74,000. LG’s four companies – Home Appliance & Air Solution, Home Entertainment, Vehicle component Solutions and Business Solutions – combined for global revenue of over KRW 84 trillion in 2023. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, automotive components and solutions, and its premium LG SIGNATURE and intelligent LG ThinQ™ brands are familiar names world over. Visit www.LGnewsroom.com for the latest news.

About LG Electronics Home Appliance & Air Solution Company 

The Home Appliance & Air Solution Company is a global leader in home appliances, air solutions as well as smart home solutions featuring LG ThinQ™. The company is creating various solutions with its industry leading core technologies and is committed to making life better and sustainable for consumers and the planet by developing thoughtfully designed kitchen appliances, living appliances, HVAC and air purification solutions. Together, these products deliver enhanced convenience, superb performance, efficient operation and sustainable lifestyle solutions. For more news on LG, visit www.LGnewsroom.com.

About LG Electronics Singapore Pte Ltd

LG Electronics Singapore Pte Ltd (LG Electronics Singapore) is a fully-owned subsidiary of LG Electronics Inc., the pioneer and market leader of the Korean electronics industry. LG Electronics Singapore operates three business units – Home Entertainment, Mobile Communications and Home Appliance & Air Solution. In recognition of its vision to enrich people’s life with smart technologies and innovative design, LG Electronics Singapore has been recognized with prominent local and international accolades, such as the CNET Asia Editor’s and Readers' Choice Awards, HWM+HardwareZone.com Tech Awards, Red Dot Design, and GfK No. 1 Awards. For more information, please visit www.lg.com/sg.

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