Corning Honored with Cummins’ New Product Development Award

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Corning Honored with Cummins’ New Product Development Award

Corning Honored with Cummins’ Award

News Releases
Environmental Technologies
Corning Honored with Cummins’ New Product Development Award
Corning Honored with Cummins’ New Product Development Award
CORNING, N.Y. | Corning Incorporated | February 12, 2018
Corning cited for commitment to advanced material science and superior technical support

Corning Incorporated (NYSE: GLW) announced today that its Environmental Technologies business recently received the Cummins’ new product development award for providing strong technical support, excellent product performance, and on-time product supply with no delays for its emissions-control solutions.

The biennial supplier conference was held in Wuxi, China, and was attended by more than 250 suppliers, with awards in nine different categories going to 32 winners. Corning, the only substrate and coating supplier in the group, received the new product development award along with three other companies. The award is an important recognition to Corning’s local and global teams supporting the Chinese market.

“Corning did a great job supplying a high-performance product with competitive cost and design for the China market,” said Yongquan Chai, general manager, Cummins Emission Solutions (China) Co., Ltd.

The new product development award recognizes Corning’s expertise in extrusion technology with robust technical and design-in support. Specifically highlighted was Corning’s commitment to advanced material science to reduce emissions and superior technical support.

“We’re incredibly proud of the cooperation between Corning and Cummins, and all the work done together to earn this award,” said Zhongxuan Wang, commercial director, Corning Environmental Technologies, China. “This award demonstrates Corning’s ability to leverage our core capabilities to solve customers’ unique challenges, in this case the need for advanced technical knowledge and design-in support.”

Corning is a leading supplier of advanced cellular ceramic substrates and ceramic particulate filters for emissions control to the world's major manufacturers of gasoline and diesel vehicles, such as Cummins Inc. Corning invented an economical, high-performance, cellular ceramic substrate in the early 1970s that is now the standard for catalytic converters worldwide. In 1978, Corning developed the cellular ceramic particulate filter to remove soot from diesel emissions. Corning continues to leverage its expertise in ceramic science and extrusion manufacturing technology to develop market-leading emissions-control solutions that help our customers meet new emission standards and enable cleaner air worldwide.

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.

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 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, 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 Incorporated

Corning (www.corning.com) is one of the world's leading innovators in materials science, with a 166-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 technology, automotive, and life sciences vessels. Corning's industry-leading products include damage-resistant cover glass for mobile devices; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for state-of-the-art communications networks; trusted products to accelerate drug discovery and delivery; and clean-air technologies for cars and trucks.