Corning Supplies Gorilla® Glass for
Samsung’s New GALAXY Tab Smart Media Device
State-of-the-art Glass Technology Completes the Best of Display Products
CORNING, N.Y., October 04, 2010 – Corning Incorporated (NYSE: GLW) announced today that Corning® Gorilla® glass has been designed into the Samsung Electronics GALAXY Tab, a newly released smart media device.
The Samsung GALAXY Tab was announced on Sept. 2 at the Internationale Funkausstellung Berlin (IFA), consumer electronics show held in Berlin, Germany. The Galaxy Tab features a seven-inch portable screen, video calling, full-web browsing functions, and is powered by Android 2.2. The durable, thin display and sleek design of the GALAXY Tab is enabled in part by using Corning Gorilla glass as a cover glass. Continuing a tradition of more than 150 years of innovation in materials science and technology, Corning Gorilla glass is an environmentally friendly alkali-aluminosilicate thin-sheet glass designed specifically to function as a cover glass for high-end display devices such as notebook PCs, televisions, and mobile phones.
B.J. Kang, senior manager of Product Planning of Samsung Electronics said, “The GALAXY Tab maximizes the joy of e-reading, web browsing, watching videos and movies, and listening to music while on the move. It has innovative functions and advanced characteristics in display, and Corning’s Gorilla glass has enabled GALAXY Tab to combine best-in-class technologies in mobility and toughness.”
“We are pleased that consumers recognize the benefits of Corning’s Gorilla glass in their IT products,” said Haeng Hee Lee, president of Corning Korea Company Ltd. “Consumers are enjoying IT display products with more durability through the application of Corning’s Gorilla glass. We strive to deliver new technologies that help our customers gain a competitive edge in the global market place.”
Corning Gorilla glass is currently designed into more than 225 mobile devices, and is an appealing solution for the emerging smart media device environment due to its scratch and damage resistance. Studies show that the portable computer market is projected to reach annual unit sales of more than 354 million by 2014. Emerging form factors such as slates, mobile internet devices and other smart media devices are projected to grow at a compound annual growth rate of 40 percent over the same period and newer form factors will comprise up to 30 percent of the market’s overall volume. Most importantly, studies estimate that more than 90 percent of newer form factors will utilize a touch interface.
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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