Corning Expands Line of EAGLE XG® Slim LCD Glass Substrates
Addition of large-size glass enables slimmer televisions
CORNING, N.Y., November 09, 2010 – Corning Incorporated (NYSE:GLW) today announced the commercial availability of EAGLE XG® Slim glass substrates in larger generation sizes to support LCD panel manufacturing for larger applications like TV and large monitors. The announcement came at FPD International, a major industry trade show in Makuhari Messe, Japan.
Initially intended to enable lighter-weight portable devices, the EAGLE XG Slim line debuted in June with glass sizes up to Generation 5 at 0.4 mm thick. Today’s announcement adds 0.5 mm glass in Generations 7 and 8—the glass sizes that support television applications and large monitors. Until now, those generation sizes have traditionally been 0.7 mm thick.
At the standard glass thickness of 0.7 mm, glass represents 10% to 25% of the module thickness for leading-edge slim TV designs. A migration to 0.5 mm will provide a tangible benefit in efforts to reduce the thickness of televisions.
“As the first to supply commercial volumes of slim glass substrates, Corning continues to lead the industry migration toward thinner devices,” said Lisa Ferrero, general manager, Corning Display Technologies. “By adding larger sizes to the EAGLE XG Slim product line, Corning is helping the industry address growing consumer demand for thin and sleek televisions.”
The substrates leverage the award-winning EAGLE XG® composition, the industry’s most environmentally friendly glass, making devices even more recyclable.
Corning produces EAGLE XG Slim at its plants in Asia, utilizing its worldwide supply chain. Samsung Corning Precision Materials Co., Ltd. also supplies the product line to customers in Korea.
Moving forward, Corning plans to further expand the EAGLE XG Slim product line by developing 0.3 mm substrates for glass sizes that support portable electronic devices.
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 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.
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