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General Manager of Philips Consumer Lifestyle Australia, Matthew Moran said, "Last year Philips announced its EcoVision 4 program which detailed plans to accelerate energy efficiency reductions in our products and operations. In addition, we committed to and believed that a standby power of less than 0.2W was achievable."

"Less than a year later, I am proud to announce that we have accomplished this and will shortly introduce our 2008 Flat TV range which features a low 0.15W standby power - exceeding even our own goals," added Matthew.

This will ensure users of a green TV that not only ‘bring true point of difference to Australians desiring the ultimate in sophisticated style,' but will also reduce electricity bills.