Corning Announces Coresix as Value-Added Reseller of Corning® Willow™ Glass
Coresix provides first Willow Glass distribution center for barrier applications
CORNING, N.Y., August 15, 2013 – Corning Incorporated (NYSE: GLW) today introduced Coresix Precision Glass Inc. as a value-added reseller for Corning® Willow™ Glass.
Coresix, located in Williamsburg, Va., will distribute the ultra-slim flexible glass to the precise specifications of customers in a variety of industries. Inventory is in place at Coresix with initial orders for Willow Glass expected to focus on barrier applications, such as photovoltaic modules. As a distribution channel, Coresix has an extensive group of customers spanning a variety of industries, presenting new opportunities for Corning.
The properties and attributes of Willow Glass make it an ideal thin and flexible hermetic barrier, helping to protect sensitive components from damaging moisture and oxygen while also acting as a structural barrier for a number of applications. In collaboration with Coresix, Corning will be able to broaden applications for Willow Glass and enable hermetically sealed photovoltaic modules and other future applications.
Willow Glass is a chemically inert, thermally stable, and optically pure glass manufactured at thicknesses that create unique properties, most notably the ability of the glass to be flexed. Corning has a long history of working with customers to introduce revolutionary glass solutions and will continue to leverage this experience to bring Willow Glass into new applications.
Coresix is an industry leader in the development, manufacture, and fabrication of precision glass components for customers in a wide array of markets, including photonics, display, biotechnologies, imaging, opto-electronics, replication, lithography, office automation, sensor, and semiconductor. From research and development to full production, Coresix products are made to exacting dimensional and spectral tolerances using virtually any glass material available. The Coresix product line evolves and adapts to the continually changing markets it serves, specializing in providing glass substrates to the highest levels of surface quality and cleanliness.
“Working with ultra-thin glass for many years, we feel our manufacturing capabilities, tailored to the unique specifications of our customers, provide an ideal complement to the product attributes of Willow Glass. Coresix is excited to be engaged in the development of numerous potential opportunities enabled by the large format, high quality and superior flexibility that Willow Glass offers,” said Al Ralston, sales manager of Coresix Precision Glass.
“We are pleased to work with Coresix as our first distribution center for Willow Glass. Our customers value Willow Glass for its thin, lightweight, and hermetic-sealing qualities,” said Gene Smith, commercial director and program manager, Corning Glass Technologies. “Corning is excited to see how manufacturers find unique and creative ways to take advantage of the inherent qualities of Willow Glass for a number of applications.”
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.
Coresix was founded on the acquisition of an established glass fabrication company in January 2002. Extensive experience in edging, lapping, polishing and cleaning enabled Coresix to quickly become a premier supplier of precision glass components to an array of markets. Early and continued success has driven steady growth, allowing Coresix to design and build a state-of-the-art facility in Williamsburg, Va., to better meet the needs of the markets we serve. Today, Coresix maintains its position at the cutting edge of new technologies and market trends by continually improving our capabilities to exceed rapidly evolving specifications.
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.
Media Relations Contacts - Corning:
John A. O’Hare
M. Elizabeth Dann
Media Relations Contact – Coresix:
(757) 888-1361 ext. 321
Investor Relations Contact - Corning:
Ann H.S. Nicholson
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