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HPFS® and
Advanced Optics will be displayed this week at the Photonics West
Conference
CORNING, N.Y., February 16, 2016
- Corning Incorporated (NYSE: GLW) today announced
progress toward broadening its HPFS® Fused Silica
glass supply capabilities and services to meet growing demand.
The market for fused silica glasses has been
primarily driven by semiconductor manufacturing and inspection
equipment. Increasingly, advanced materials -
including fused silica glasses - are
penetrating other applications where high-quality transmissive
optics are required. Those applications include consumer
electronics, energy research, laser optics, debris shields, glass
wafers for use in filters, sensing and packaging, advanced
integrated optical systems, and high-quality optical windows,
spanning from the deep ultraviolet through the infrared region.
Utilizing existing facilities, Corning
Incorporated will continue to grow its footprint in Asia for
Corning®
HPFS® Fused Silica
glasses to meet the optical industry demands for supply chain
support from both Asian-based customers and from customers whose
supply chains are based in Asia.
Corning has started to sell larger pieces of bulk
material as well as smaller, more value-added pieces such as rods,
smaller wafers, and lenses. Also, Corning recently started offering
other services such as polishing, coating, and supply-chain
management.
"We've identified real product and service
opportunities where we can add value to our customers beyond the
supply of materials," said David Velasquez, commercial director,
Corning Advanced Optics. "Leveraging the experience and
infrastructure of our existing finishing businesses, we've already
started growing our HPFS® Fused Silica
business in Asia by targeting a broad suite of products, shapes,
sizes, and advanced finishing services."
Corning will display its HPFS® Fused
Silica glasses and other Corning Advanced Optics innovations Feb.
16-18 at the Photonics West Conference in San Francisco,
California.
The company will provide further detail in
September on the progress of its expansion of High Purity Fused
Silica finishing capabilities in Asia at the 2016 China
International Optoelectronic Conference (CIOE) conference in
Shenzhen.
Corning®
HPFS® Fused Silica
glasses, manufactured in Canton, N.Y, are known for their
exceptional, consistent, repeatable performance. Product
characteristics include low-refractive index variations leading to
state-of-the-art homogeneity values, low birefringence values,
large-size capabilities, exceptional transmittance from the deep
ultraviolet through the near-infrared region, an ultra-low thermal
expansion coefficient, and high resistance to laser damage.
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.
Digital Media
Disclosure
In accordance with guidance provided by the SEC regarding the use
of company websites and social media channels to disclose material
information, Corning Incorporated ("Corning") wishes to notify
investors, media, and other interested parties that it intends to
use its website
(http://www.corning.com/worldwide/en/about-us/news-events.html) to
publish important information about the company, including
information that may be deemed material to investors. The list of
websites and social media channels that the company uses may be
updated on Corning's media and website from time to time. Corning
encourages investors, media, and other interested parties to review
the information Corning may publish through its website and social
media channels as described above, in addition to the company's SEC
filings, press releases, conference calls, and webcasts.
About Corning
Incorporated
Corning (www.corning.com) is one of the world's leading innovators
in materials science. For more than 160 years, Corning has applied
its unparalleled expertise in specialty glass, ceramics, and
optical physics to develop products that have created new
industries and transformed people's lives. Corning succeeds through
sustained investment in R&D, a unique combination of material
and process innovation, and close collaboration with customers to
solve tough technology challenges. Corning's businesses and markets
are constantly evolving. Today, Corning's products enable diverse
industries such as consumer electronics, telecommunications,
transportation, and life sciences. They include damage-resistant
cover glass for smartphones and tablets; precision glass for
advanced displays; optical fiber, wireless technologies, and
connectivity solutions for high-speed communications networks;
trusted products that accelerate drug discovery and manufacturing;
and emissions-control products for cars, trucks, and off-road
vehicles.
Media Relations
Contacts:
Taryn
Manuele
(607)
974-4703
manueletl@corning.com
Joseph Dunning
(607) 974-5006
dunningjm@corning.com
Investor Relations
Contact:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
Follow
Corning: RSS
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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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