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Corning celebrates opening of Clayton optical connectivity technology manufacturing facility

Minister for Broadband, Communications and the Digital Economy, Senator Stephen Conroy, officially opens facility 

MELBOURNE, AUSTRALIA, May 23, 2013 – Corning Optical Communications Australia, part of Corning Incorporated’s (NYSE:GLW) Telecommunications segment, hosted a grand opening ceremony today for a new manufacturing facility for optical connectivity (FDH) cabinets at its Clayton site, near Melbourne. The opening ceremony was attended by Sen. Stephen Conroy, minister for Broadband, Communications and the Digital Economy.

The plant opening completes the third and final phase of Corning’s commitment to provide local manufacturing and assembly capacity – in this case, key Fibre-to-the-Home technology – to meet the needs of Australia’s National Broadband Network (NBN) rollout.

Clark Kinlin, executive vice president, Corning Telecommunications Business Group, said “We are pleased to celebrate this important milestone in the expansion of our Clayton facility.  As the primary supplier of passive optical infrastructure to the National Broadband Network initiative, this expansion enables us to deliver a broader portfolio of optical solutions while creating local jobs.”

Corning has invested approximately $40 million in its Clayton operations, related equipment, and personnel training. Its local presence and community commitment have enabled Corning to create a new business opportunity within the greater Clayton area by locally sourcing sheet metal housing for the FDH cabinets.

“Corning is a primary NBN Co supplier and has developed cutting-edge optical technology that will help network reliability, improve deployment speed and reduce costs. The fibre being used in the NBN rollout is the most future-proof technology available – it is cost effective, reliable and has incredible capacity to deliver Australia’s broadband needs now and into the future,” Senator Conroy said.

Rainer Dittrich, managing director, Corning Optical Communications Australia, declared Corning’s readiness for the NBN ramp. “The completion of the last phase of our plan gives us approximately four times our original footprint and twice the production space, as well as a significant national distribution center. The new manufacturing facility is world-class caliber and meets capacity requirements in line with the peak NBN deployment schedule. ”

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 160 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.

About Corning Optical Communications Australia
Corning Optical Communications Australia, a leading telecomms supplier to all of the major telcos, power utilities, and railways in Australia and New Zealand, has served Australia since 1948 when Austral Standard Cables were established in Maidstone, Victoria. Ownership evolved over the years and Corning Optical Communications Pty. Ltd. was formed in 2000 with the acquisition of MM Cables Communication Products and Siemens Communication Cables Pty. Ltd. Currently, manufacturing facilities are located at 74-84 Main Road, Clayton in Melbourne, Victoria Australia 3168 from which Corning provides national coverage.

Corning was named the primary supplier for passive optical cable and connectivity solutions for both residential single-family home (SFU) and multi-dwelling unit (MDU) applications in Australia’s national high-speed broadband deployment. Corning was an early supplier and innovator in field trials and has continued to hire local employees as well as invest and expand its facilities to keep pace with the National Broadband Network deployment.

The Clayton facility manufactures a wide range of indoor and outdoor optical fibre
cables for underground and aerial applications, MDF blocks, factory-assembled optical fibre terminals, and factory-assembled FlexNAP™ System distribution cables for FTTX
deployments. In addition to the locally manufactured products, Corning Optical Communications Australia supplies and supports the full range of Corning Optical Communications products.

The Clayton facility is certified to Quality AS/NZS 9001:2008, Environment AS/NZS 14001:2004, Occupational Health & Safety AS/NZS 4801:2001, and ISO9001:2000.

Australia Media Contact:    
Aye Verckens                                                      
+ 61 2 9252 2266 
Aye_Verckens@recognition.com.au 

Corning Media Relations Contact: 
M. Elizabeth Dann
(607) 974-4989
dannme@corning.com
 
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