Corning and GTOC Announce Manufacturing Readiness for 3D-Shaped Gorilla® Glass
03 Gennaio 2014 - 2:30PM
Vertically integrated operations in
Taiwan
CORNING, N.Y., January 3,
2014 - Corning Incorporated (NYSE: GLW) today
announced the manufacturing readiness of a novel 3D glass-forming
technology to shape Corning®
Gorilla® Glass.
Corning is targeting commercialization of finished 3D-shaped
Gorilla Glass parts in 2014 and is working with G-Tech
Optoelectronics Corp. (GTOC) to establish a vertically integrated
operation in Taiwan.
Product design continues to drive the consumer
electronics industry. More than half of the top 10 smartphone
manufacturers already market devices that incorporate cover glass
with subtle curves, and the demand for even more-dramatic form
factors is increasing. Corning's 3D-forming technology meets this
demand and expands the design possibilities for industrial
designers.
The relationship with GTOC allows Corning to
provide a "one-roof" solution. "We can now take Gorilla Glass all
the way from flat sheet to a finished 3D-shaped product in Asia,
expediting turnaround times and minimizing logistical complexity,"
said James R. Steiner, senior vice president and general manager,
Corning Specialty Materials. "That's a win for Corning and our
customers."
Corning's 3D-forming technology can achieve
precise tolerances and high throughput on a platform that is more
economical than alternative two-mold forming methods. This
technology uses Gorilla Glass of uniform thickness, assisting
designers to introduce thinner and lighter devices and leverage the
emergence of conformable displays for mobile and wearable
applications.
Forward-Looking and
Cautionary Statements
This press release contains "forward-looking statements" (within
the meaning of the Private Securities Litigation Reform Act of
1995), which are based on current expectations and assumptions
about Corning's financial results and business operations, that
involve substantial risks and uncertainties that could cause actual
results to differ materially. These risks and uncertainties
include: the effect of global political, economic and business
conditions; conditions in the financial and credit
markets; currency fluctuations; tax rates; product demand
and industry capacity; competition; reliance on a concentrated
customer base; manufacturing efficiencies; cost reductions;
availability of critical components and materials; new product
commercialization; pricing fluctuations and changes in
the mix of sales between premium and non-premium products; new
plant start-up or restructuring costs; possible
disruption in commercial activities due to terrorist activity,
armed conflict, political or financial instability, natural
disasters, adverse weather conditions, or major health concerns;
adequacy of insurance; equity company activities; acquisition and
divestiture activities; the level of excess or obsolete inventory;
the rate of technology change; the ability to enforce patents;
product and components performance issues; retention of key
personnel; stock price fluctuations; and adverse litigation or
regulatory developments. These and other risk factors
are detailed in Corning's filings with the Securities and
Exchange Commission. Forward-looking statements speak only as
of the day that they are made, and Corning undertakes no obligation
to update them in light of new information or future events.
About
GTOC
GTOC is the largest glass-processing service provider in Taiwan and
has devoted its expertise with recognition in the optoelectronics
industry for over a decade, focusing on developing core
glass-processing technologies and cover-glass manufacturing.
About Corning
Incorporated
Corning Incorporated (www.corning.com) is the world leader in
specialty glass and ceramics. Drawing on more than 160 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.
Media Relations
Contacts:
Anna I. Giambrone
(607) 974-5933
giambronai@corning.com
M. Elizabeth Dann
(607) 974-4989
dannme@corning.com
Investor Relations
Contact:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
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This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Corning Incorporated via Globenewswire
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