Corning Incorporated (NYSE: GLW) today announced it has been named
a 2021 ENERGY STAR® Partner of the Year – Sustained Excellence
recipient by the U.S. Environmental Protection Agency (EPA) for
continued commitment to energy efficiency.
“We’re honored to be named a 2021 ENERGY STAR Partner of the
Year,” said Wendell P. Weeks, chairman and chief executive officer.
“We continuously strive to better our company, our communities, and
our environment. Last year, for the first time, we announced 12
global sustainability goals, three of which highlighted our
environmental commitments to energy, water, and waste management.
In our ongoing commitment to sustainability, we look forward to
achieving those goals, setting new ones, and continuing our
partnership with the EPA.”
Partner of the Year is the EPA’s most prestigious award, with
the Sustained Excellence designation reserved for companies
achieving Partner of the Year status several years in a row and
making continued improvements to their energy management programs.
This is Corning’s eighth consecutive year earning Partner of the
Year recognition and its sixth consecutive year achieving Sustained
Excellence.
“ENERGY STAR award-winning partners are showing the world that
delivering real climate solutions makes good business sense and
promotes job growth,” said EPA Administrator Michael S. Regan.
“Many of them have been doing it for years, inspiring all of us who
are committed to tackling the climate crisis and leading the way to
a clean energy economy.”
Corning launched its Global Energy Management program in 2006 to
create and execute effective energy strategies. The program has
grown to include teams that implement energy- and water-savings
projects at Corning facilities worldwide.
In its 2021 award application, Corning highlighted:
- Improving
companywide energy productivity by more than 31% since 2006
- Continuing
investment in renewable energy and ranking among the top 25
corporate solar energy users in the U.S. by the Solar Energy
Industries Association
- Achieving the
ENERGY STAR Challenge for Industry at eight additional Corning
manufacturing facilities in 2020, for a total of 37 global
sites
- Earning
recognition from ENERGY STAR industrial partners as a 2020 Top
Project winner for a water-conservation and
byproduct-recycling project at Corning's Concord, North
Carolina, facility
- Surpassing $570
million in energy savings for the company since 2006
Corning is a part of a select group of businesses and
organizations that achieved this award. For a complete list of 2021
winners and more information about ENERGY STAR’s awards program,
visit energystar.gov/awardwinners.
Caution Concerning Forward-Looking Statements
The statements contained in this release that are not historical
facts or information and contain words such as “will,” “believe,”
“anticipate,” “expect,” “intend,” “plan,” “seek,” “see,” “would,”
and “target” and similar expressions are forward-looking
statements. These forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 and include estimates and assumptions related to
economic, competitive and legislative developments. Such statements
relate to future events that by their nature address matters that
are, to different degrees, uncertain. These estimates are
subject to change and uncertainty which are, in many instances,
beyond our control. There can be no assurance that future
developments will be in accordance with management’s expectations.
Actual results could differ materially from those expected by us,
depending on the outcome of various factors. We do not undertake to
update forward-looking statements.
Although the Company believes that these forward-looking
statements are based upon reasonable assumptions regarding, among
other things, current estimates and forecasts, general economic
conditions, its knowledge of its business, and key performance
indicators that impact the Company, actual results could differ
materially. The Company does not undertake to update
forward-looking statements. Some of the risks, uncertainties
and other factors that could cause actual results to differ
materially from those expressed in or implied by the
forward-looking statements include, but are not limited to: the
duration and severity of the COVID-19 pandemic, and its ultimate
impact across our businesses on demand, operations and our global
supply chains; the effects of acquisitions, dispositions and other
similar transactions; global business, financial, economic and
political conditions; tariffs and import duties; currency
fluctuations between the U.S. dollar and other currencies,
primarily the Japanese yen, new Taiwan dollar, euro, Chinese yuan
and South Korean won; product demand and industry capacity;
competitive products and pricing; availability and costs of
critical components and materials; new product development and
commercialization; order activity and demand from major customers;
the amount and timing of our cash flows and earnings and other
conditions, which may affect our ability to pay our quarterly
dividend at the planned level or to repurchase shares at planned
levels; possible disruption in commercial activities due to
terrorist activity, cyber-attack, armed conflict, political or
financial instability, natural disasters, or major health concerns;
loss of intellectual property due to theft, cyber-attack, or
disruption to our information technology infrastructure;
unanticipated disruption to equipment, facilities, IT systems or
operations; effect of regulatory and legal developments; ability to
pace capital spending to anticipated levels of customer demand;
rate of technology change; ability to enforce patents and protect
intellectual property and trade secrets; adverse litigation;
product and components performance issues; retention of key
personnel; customer ability, most notably in the Display
Technologies segment, to maintain profitable operations and obtain
financing to fund ongoing operations and manufacturing expansions
and pay receivables when due; loss of significant customers;
changes in tax laws and regulations including the 2017 Tax Cuts and
Jobs Act; the impacts of audits by taxing authorities; the
potential impact of legislation, government regulations, and other
government action and investigations; and other risks detailed in
Corning’s SEC filings.
For a complete listing of risks and other factors, please
reference the risk factors and forward-looking statements described
in our annual reports on Form 10-K and quarterly reports on Form
10-Q.
Web 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 uses 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, or
supplemental to information contained in this or other press
releases. 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 IncorporatedCorning (www.corning.com) is
one of the world's leading innovators in materials science, with a
170-year track record of life-changing inventions. Corning applies
its unparalleled expertise in glass science, ceramic science, and
optical physics along with its deep manufacturing and engineering
capabilities to develop category-defining products that transform
industries and enhance people's lives. Corning succeeds through
sustained investment in RD&E, a unique combination of material
and process innovation, and deep, trust-based relationships with
customers who are global leaders in their industries. Corning's
capabilities are versatile and synergistic, which allows the
company to evolve to meet changing market needs, while also helping
our customers capture new opportunities in dynamic industries.
Today, Corning's markets include optical communications, mobile
consumer electronics, display, automotive, and life sciences.
Media Relations Contact: Pamela
Porter
(607)
974-9980
porterpw@corning.com
Investor Relations Contact: Ann H.S. Nicholson (607)
974-6716 nicholsoas@corning.com
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