Corning Incorporated Subsidiary Signs Agreement to Acquire Optimum Manufacturing Corporation
04 Agosto 2008 - 10:01PM
Business Wire
Corning Incorporated (NYSE:GLW) announced today that, through a
subsidiary, it signed an agreement to acquire Optimum Manufacturing
Corporation for inclusion in its Specialty Materials segment.
Located in Charlestown, N.H., Optimum is a manufacturer of
precision-machined components serving the aerospace and defense,
scientific, medical and communications industries. Terms of the
agreement were not disclosed. Andrew Filson, business director �
advanced optics, Corning Specialty Materials, commented, �Corning
is very pleased to strengthen our role in the opto-mechanical value
chain through this acquisition. By bringing precision
opto-mechanical structures into the Corning portfolio, we not only
broaden our optics capabilities but also create greater value for
our customers by being able to offer integrated designs and
assemblies.� He continued, �We are also pleased to have Tim
Donovan, president of Optimum Manufacturing Corporation, join our
aerospace and defense leadership team. Tim is highly regarded for
his knowledge in advanced computer numerical control (CNC)
programming, process development and design for manufacturability.�
�For the past two decades Corning has worked with Optimum and
during this time, we have developed numerous techniques to produce
advanced metal optic blanks and optical benches,� said John Lucey,
business manager - aerospace and defense, Corning Specialty
Materials. �Corning and Optimum share a rich history and I believe
the integration of our capabilities will allow us to provide
improved optical solutions for our customers,� added Tim Donovan.
Corning is a global leader in supplying integrated opto-mechanical
solutions designed specifically to meet the needs of the aerospace
and defense market. Through its Specialty Materials segment,
Corning is recognized for process innovation, materials science,
opto-mechanical design, diamond turning, optical grinding and
polishing, and thin film coatings. Optimum focuses on complex,
technical projects and exhibits a superior ability to engineer and
manufacture precision-machined components with extremely tight
tolerances. In addition to high-end, advanced components, Optimum
also has extensive engineering and machine programming expertise.
Combining capabilities will help to strengthen Corning�s position
as a premier, full-service optical solutions provider. About
Corning Incorporated Corning Incorporated (www.corning.com) is the
world leader in specialty glass and ceramics. Drawing on more than
150 years of materials science and process engineering knowledge,
Corning creates and makes keystone components that enable
high-technology systems for consumer electronics, mobile emissions
control, telecommunications and life sciences. Our products include
glass substrates for LCD televisions, computer monitors and
laptops; ceramic substrates and filters for mobile emission control
systems; optical fiber, cable, hardware & equipment for
telecommunications networks; optical biosensors for drug discovery;
and other advanced optics and specialty glass solutions for a
number of industries including semiconductor, aerospace, defense,
astronomy and metrology. About Optimum Manufacturing Corporation
Optimum is a privately held business headquartered in Charlestown,
NH with facilities in Claremont, NH. Established in 1985, Optimum
manufactures precision machined components which include optical
housings, mirror blanks and satellite components.
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