Corning Lotus™ XT Glass Selected for Tianma’s LTPS Line
Tianma panels featuring Corning’s newest glass composition
enable high-resolution display devices
CORNING, N.Y., May 20, 2013 – Corning Incorporated (NYSE: GLW) and Tianma Micro-Electronics Group today jointly announced Tianma’s selection of Corning Lotus™ XT Glass for its line of low-temperature polysilicon (LTPS) panels. Tianma and Corning will display these panels in their respective booths at the Society for Information Display’s Display Week, an industry trade show in Vancouver, British Columbia, May 21 - 23. Tianma’s booths are #206 and #221, and Corning’s booth is #801.
Corning introduced Lotus XT Glass, a second-generation composition, last week. A highly dimensionally stable glass substrate, it enables efficient manufacturing of high-performance displays.
Tianma, one of the world’s leading manufacturers of liquid crystal displays (LCD) in small- to medium-size, thin-film transistor (TFT) modules, produces its LTPS product line using high-temperature manufacturing processes, which place stringent requirements on glass.
Lotus XT Glass performs exceptionally well in LTPS manufacturing environments. It retains its shape and surface quality during customer processing due to its outstanding thermal stability. Lotus XT Glass also features superior total pitch variation – up to 75 percent better than the company’s first-generation product, Corning Lotus™ Glass – supporting higher yields. And due to its intrinsic dimensional stability, it enables high-resolution displays that offer increased pixels per inch (ppi).
Tianma chose Lotus XT Glass for its LTPS backplanes because of the advanced properties of the glass. The company’s LTPS line is located in Xiamen, China, and has a capacity of 30,000 TFT modules, and more than 30,000 color-filter modules per month. It is the first Gen 5.5 LTPS line in China.
Tianma creates LTPS panels for its customers who subsequently use them in high-resolution smart phones and tablets that feature 350 - 450 ppi. Currently, Tianma’s panels are positioned to enable 4- to 6-inch smartphones and 7- to 10-inch tablets.
“We decided on Lotus XT Glass for two main reasons: its heightened total-pitch variation performance and Corning’s long history of glass expertise and quality,” said Wang Lei, executive vice president of Tianma Xiamen. “After testing the glass in our rigorous manufacturing cycles, it performed remarkably well and allowed tighter design rules and precise component alignment. For us, Lotus XT Glass was an ideal solution for our cutting-edge LTPS line.”
“We are very pleased that Tianma selected Lotus XT Glass,” said John Bayne, vice president and general manager, Corning High Performance Displays. “Corning developed this glass to enable panel makers to not only improve yields but also extend their design limits, which Tianma is certainly doing by focusing on high-pixel-count smartphones and tablets.”
Tianma LTPS panels are projected to hit the market in June.
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 Tianma Micro-Electronics Group
Tianma Micro-Electronics Group is one of the world's leading manufacturers of liquid crystal displays (LCD) in small- to medium-size TFT modules.
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