Corning Marks 50th Anniversary of Oneonta Manufacturing Operations

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Corning Marks 50th Anniversary of Oneonta Manufacturing Operations

50th Anniversary of Corning Oneonta Operations

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Corning Marks 50th Anniversary of Oneonta Manufacturing Operations
Corning Marks 50th Anniversary of Oneonta Manufacturing Operations
CORNING, N.Y. | Corning Incorporated | August 18, 2017

Corning Incorporated (NYSE:GLW) today celebrated 50 years of manufacturing and innovation at its facility on River Street in Oneonta.

The long legacy of manufacturing disposable labware by leveraging our precision forming process at the Oneonta facility has created a host of business opportunities for Corning in the life sciences industry, Corning executives said Friday at an anniversary ceremony at the facility. Products made in Oneonta, together with other Corning Life Sciences facilities, remain critical in the discovery and development of advancements in cell culture research, bioprocess, and microbiology.

“Corning’s Oneonta plant has thrived for five decades thanks to vital products, exceptional processes, and – most importantly – dedicated people,” said Wendell P. Weeks, chief executive officer, and president.

“Oneonta is a key part of Corning’s Life Sciences business, responsible for manufacturing products such as flasks for tissue culture and roller bottles for vaccine production. Oneonta’s products are the foundation of a broad range of laboratory work and help enable vital research techniques such as cell culturing, which increase our understanding of diseases and how to treat them,” Weeks said.

The facility opened in 1967 and originally produced glass ceramic material for building cladding and commercial furniture applications. In 1974, it transitioned to products for cell research and has been supplying innovative products used in labs worldwide.

“Oneonta employees have played such a vital role in this community,” said Lisa Ferrero, senior vice president and chief administrative officer. “This workforce really shows the community what our Values are all about – from the inspiring work you do with the local ARC, to the support you show for SUNY Oneonta, to the mentoring program for local high school students.”

Also at the event, personnel at the Oneonta facility were recognized by the U.S. Environmental Protection Agency for achieving the ENERGY STAR® Challenge for Industry by increasing energy efficiency by 14.3 percent within a three-year span. To meet the challenge, industrial sites had to achieve an energy efficiency gain of at least 10 percent in five years or less.

Corning Life Sciences brings new and innovative laboratory technologies to researchers worldwide and helps customers succeed by providing innovative, high-quality products and services in the areas of polymer science, biochemistry and molecular biology, glass melting and forming, surface modification, and characterization science.

To learn more about Corning Life Sciences products, contact a customer service representative at (800) 492-1110; outside the United States, call (978) 442-2200; or visit www.corning.com/lifesciences.

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.

Digital Media Disclosure

In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to notify investors, media, and other interested parties that it intends to use its website (http://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors. The list of websites and social media channels that the company uses may be updated on Corning’s media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts.

About Corning Incorporated

Corning (www.corning.com) is one of the world's leading innovators in materials science, with a 166-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramics science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries.

Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display technology, automotive, and life sciences vessels. Corning's industry-leading products include damage-resistant cover glass for mobile devices; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for state-of-the-art communications networks; trusted products to accelerate drug discovery and delivery; and clean-air technologies for cars and trucks.