Corning Lotus™ Glass Sole Source
for Century Technology Corporation’s LTPS Panels
CTC’s panels featuring Corning’s advanced glass in mass production
CORNING, N.Y., May 22, 2013 – Corning Incorporated (NYSE: GLW) and Century Technology Corporation (CTC) today affirmed CTC’s selection of the Corning Lotus™ Glass platform for CTC’s line of low-temperature polysilicon (LTPS) panels. The announcement came at the Society for Information Display’s Display Week in Vancouver, British Columbia, where Corning (booth #801) is featuring CTC’s latest products.
Corning is the exclusive provider of specialty glasses for CTC’s LTPS manufacturing processes.
By providing intrinsic thermal and dimensional stability, the Corning Lotus Glass platform enables crisp resolutions, fast refresh rates, and bright pictures found in high-performance displays. This stability plays an integral role during panel makers’ high-temperature manufacturing processes by allowing precise component alignment.
CTC, partially owned by Foxconn, is located in Shenzhen, Guangdong, China. Its LTPS and in-plane switching (IPS) technologies are targeted at small- and medium-sized panels used in high-resolution smartphones and tablet PCs.
CTC first introduced a fully functional LTPS line in December 2011 and manufactures its panels on Gen 5.1 glass substrates. Corning will showcase CTC’s 4.7-, 4.8-, and 5-inch LTPS panels during Display Week.
“We have developed a strong alliance with Corning over the years,” Sun YueWei, senior executive vice president, Foxconn, said. “CTC has used Corning Lotus Glass to develop successfully a number of high-performance products for today’s smartphones and mobile applications that feature more than 300 pixels per inch. Our collaboration with Corning enables us to bring our revolutionary visions to fruition.”
“The fact that the Corning Lotus Glass platform is the sole glass CTC uses in its LTPS manufacturing processes speaks to both the exceptional performance of Lotus Glass, and the strong relationship between Corning and CTC,” John Bayne, vice president and general manager, Corning High Performance Displays, said. “CTC has helped advance the growth of the high-performance display segment, and we are pleased to be working with them in such close collaboration.”
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 Century Technology Corporation
Century Technology Corporation, engaged in Gen 5.1 panel manufacturing, was founded in 2004. CTC began mass production and successfully entered the supply chain in February 2009. CTC has a strategic venture with Foxconn in Longhua, Shenzen, China.
Media Relations Contacts - Corning:
John A. O’Hare
Joseph M. Dunning
Media Relations Contact - Century Technology Corporation:
Investor Relations Contact - Corning:
Ann H.S. Nicholson
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