Panasonic Liquid Crystal Display Co., Ltd., a subsidiary of Panasonic Corporation, today announced it has developed a new model of its IPS liquid crystal panel that achieves a contrast ratio[1] of over 1,000,000:1, which is 600 times*2 that of conventional liquid crystal panels. With Panasonic's unique IPS[2] liquid crystal technologies that feature wide viewing angles, high brightness, and high reliability, the new IPS panel has achieved a high contrast ratio of over 1,000,000:1 by integrating newly developed light-modulating cells that permit pixel-by-pixel control of backlight intensity. This achieves a faithful and high-grade video display, ranging from dazzling light to pitch-black.