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Energy
management recognized for fourth consecutive year
CORNING, N.Y.;
APRIL 6, 2017 - Corning Incorporated (NYSE: GLW) announced
today it has been named a 2017 ENERGY STAR® Partner of
the Year - Sustained Excellence recipient by
the U.S. Environmental Protection Agency for its continued
commitment to energy efficiency.
Partner of the Year is the EPA's most prestigious
award, with the Sustained Excellence designation reserved for those
achieving Partner of the Year status several years in a row. This
is Corning's fourth consecutive year earning Partner of the Year
recognition, and its second year achieving Sustained
Excellence.
Corning launched its Global Energy Management
program (GEM) in 2006 to create and execute effective energy
strategies. Since then, the program and its teams have saved the
company more than $454 million in cumulative energy costs. GEM
teams help Corning's facilities around the world implement
energy-saving projects, such as installing solar panels, new water recycling systems, and
LED light fixtures.
"GEM's work and our valued partnership with ENERGY
STAR align with Corning's overall commitment to sustainability,"
said Lisa Ferrero, senior vice president and chief administrative
officer. "We believe that a focus on positive energy-related
business practices helps us strengthen our company, maintain the
trust of our stakeholders, and better serve our customers and the
community."
Corning is part of a select group of manufacturers
among the businesses and organizations named an ENERGY STAR Partner
of the Year. All recipients will be recognized on
April 26 in Washington, D.C.
"This award proves that from our plants, to our
research labs, to our staff offices, Corning employees are
dedicated to energy efficiency," said Patrick Jackson, director of
Corning's GEM program. "Winning Partner of the Year status for a
fourth year in a row not only means we use our energy wisely, but
that we're constantly improving our practices and coming up with
creative ways to meet new goals. It's our hope that these efforts
will protect our planet for future generations."
The EPA introduced ENERGY STAR in 1992 as a
voluntary labeling program designed to identify and promote
energy-efficient products to reduce greenhouse gas emissions. In
2015 alone, ENERGY STAR and its partners saved American businesses
and consumers 503 billion kilowatt hours and $34 billion on their
energy bills, while achieving broad emission reductions.
For a complete list of 2017 winners and more information about
ENERGY STAR's awards program, visit www.energystar.gov.
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 ENERGY STAR
ENERGY STAR has 16,000 partners working to protect the
environment through greater energy efficiency, including
manufacturers, retailers, public schools, hospitals, real estate
companies, and home builders. Since 1992, ENERGY STAR and its
partners have saved American families and businesses $430 billion
on their energy bills and 4.6 trillion kilowatt-hours of energy,
while achieving broad emissions reductions-including 2.8 billion
metric tons of greenhouse gas emissions. ENERGY STAR®
is the simple choice for energy efficiency. For 25 years, EPA's
ENERGY STAR program has been America's resource for saving energy
and protecting the environment. Join the millions already making a
difference at energystar.gov.
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 Contact -
Corning:
Joe
Dunning
(607)
974-5006
dunningjm@corning.com
Media Relations Contact - ENERGY
STAR:
Kristinn Sharpe
(202) 343-9062
Sharpe.Kristinn@epa.gov
Investor Relations
Contact:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
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This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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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