Corning to Showcase Advanced Glass Innovations
at FPD China 2012
SHANGHAI, CHINA, March 20, 2012 – Corning Incorporated (NYSE: GLW) will showcase several of its advanced glass technologies during FPD China 2012, held March 20-22 at the Shanghai New International Exhibition Centre. The 54-square-meter exhibition booth, located at #1657 in Hall E1, will feature Corning LotusTM Glass for high-performance displays, next-generation Corning® Gorilla® Glass, ultra-slim flexible glass, and EAGLE XG® Slim Glass substrates.
Visitors to the booth can see how Corning is helping to advance display products by providing a range of glasses addressing today’s trends. For example, Gorilla Glass, which is currently used by 33 major brands, designed into more than 600 product models, and featured on more than 600 million devices worldwide, helps meet the demand for durable display glass. Corning Gorilla Glass 2 is the next generation of the popular damage-resistant cover glass for consumer electronic devices enabling up to a 20% reduction in cover glass thickness. Booth visitors can experience the new glass’s performance through a live demo. Visitors will also have the opportunity to learn the attributes of Corning Lotus Glass, which helps enable organic light-emitting diode (OLED) displays and next-generation liquid crystal displays (LCD).
In a keynote speech at the China FPD Conference, which will be held in conjunction with the exhibition, Li Fang, president, Corning Display Technologies China, will share Corning’s perspective on the current TFT-LCD market. “Today, the display industry is focused on much more than creating larger screen sizes. It is moving toward advanced displays that are thinner and more durable with higher resolutions and increased performance,” Li said. “As a result, Corning is diversifying its portfolio to help its customers meet industry trends.”
It is estimated that China’s end-market demand will continue to grow within the next three years.
“As a market leader in the TFT-LCD glass industry, Corning is strongly committed to growing with the Chinese market and supporting our customers with industry-leading glass technologies,” Li said. “Our new facility with Gen 8.5 glass-melting and finishing capabilities in Beijing is the company’s first full LCD glass substrate facility in mainland China. We’re excited that the construction is on track, and production is slated to begin in the second half of this year.”
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.
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