Corning® Gorilla® Glass Selected for Sony’s BRAVIA® Line of LCD TVs
Corning awarded first contract to supply cover glass for sleek new television design
CORNING, N.Y., January 05, 2011 – Corning Incorporated (NYSE: GLW) announced today that Corning® Gorilla® Glass has been designed into select models of Sony Corporation’s (NYSE: SNE) latest BRAVIA® line of LCD televisions. The models are being displayed in Sony and Corning booths at the Consumer Electronics Show in Las Vegas.
Corning Gorilla Glass is an environmentally friendly glass designed specifically to function as a cover glass for high-end display devices such as notebook PCs, televisions, and mobile phones.
The 0.7 mm Corning Gorilla Glass will be designed into Sony’s BRAVIA line of 40-inch and larger televisions. Using this very thin, yet durable, cover glass will help further evolve BRAVIA’s monolithic design, enabling a thinner and more elegant style of television.
“With its monolithic design, Sony BRAVIA is getting a lot of attention for its sophisticated styling and outstanding viewing experience,” said Toshifumi Okuda, Senior General Manager, Business Division No.1, Home Entertainment Business Group, Sony Corporation. “By using Corning Gorilla Glass, we have been able to achieve a design that is considerably more robust, very durable, and beautiful.”
“We're excited to apply Corning's unparalleled glass expertise to create new possibilities in technology and design,” said James P. Clappin, president of Corning Glass Technologies. “Makers of personal computers and handheld devices have already recognized the benefits of Corning Gorilla Glass and designed it into more than 280 product models. And now, Gorilla Glass's unique combination of beauty and durability is enabling a fundamental breakthrough in TV design.”
As a thinner- and lighter-weight material than tempered soda-lime glass and polycarbonates, Corning Gorilla Glass supports the seamless full-glass fronts of the most sophisticated television designs. Because it is strengthened at the molecular level, its ability to resist damage creates a performance advantage over other cover materials.
“Corning's Gorilla Glass is literally changing the face of television,” said John P. Bayne Jr., business director of Corning’s TV Cover Glass business. “Not only does it support the slim, sleek design trend, it also offers the optical clarity that delivers on the promise of high definition and 3D technologies.”
Corning anticipates that cover glass for LCD televisions could grow significantly in the future and, combined with Gorilla Glass sales for information technology and handheld devices, could generate a combined revenue opportunity of over
$1 billion in the next several years.
The Corning and Sony booths at CES are located in the Central Hall of the Las Vegas Convention Center. Corning’s booth is 15419 and the Sony booths are 14200 and 14216.
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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