CORNING, N.Y., August 27 2015— Corning Incorporated (NYSE: GLW) today announced that Obi Worldphone™, designing in collaboration with Ammunition™, has selected Corning® Gorilla® Glass 4 for its newest flagship smartphone, the Obi Worldphone™ SF1.
The Obi Worldphone™ SF1 is the company’s premier 4G/LTE smartphone, featuring a unique and eye-catching raised 5-inch display made of Corning Gorilla Glass 4, which is up to two times tougher than any competitive cover glass.
“We are delighted to collaborate with Obi Worldphone and provide Corning Gorilla Glass 4 as the cover glass of choice for its new smartphone,” said Amit Bansal, president, Corning India. “Consumers are demanding more from their mobile phones. They want devices that are thinner, lighter, and aesthetically pleasing – but also durable enough to better withstand the abuses of everyday life. Corning Gorilla Glass 4 is the ideal solution for meeting these needs.”
Gorilla Glass 4 was formulated to address consumers’ No. 1 concern: drop and break. Corning Gorilla Glass 4 performs up to two times better than competitive cover glass. Gorilla Glass 4 is just as thin and light as previous versions but has been formulated to deliver dramatically improved drop performance without compromising on its superior light transmission, thinness, or light weight.
"It takes a community to create a unique technology product and customer experience, and Obi has developed a strong, global ecosystem of more than 20 companies including Corning," said Neeraj Chauhan, Obi's co-founder and chief executive officer. “Gorilla Glass is the ideal cover material for the aesthetics and functionality of our devices.”
Corning Gorilla Glass is the world leader in damage-resistant cover glass. Gorilla Glass is manufactured using Corning’s proprietary fusion draw process and is the cover glass of choice for device manufacturers around the globe. Since its launch in 2007, Corning Gorilla Glass has been featured in nearly 4 billion devices worldwide on more than 1,550 product models across 40 major brands. For further information about Corning Gorilla Glass, please visit www.corninggorillaglass.com.
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 (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.
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