Corning Incorporated (NYSE: GLW) today announced progress toward broadening its HPFS® Fused Silica glass supply capabilities and services to meet growing demand.
The market for fused silica glasses has been primarily driven by semiconductor manufacturing and inspection equipment. Increasingly, advanced materials — including fused silica glasses — are penetrating other applications where high-quality transmissive optics are required. Those applications include consumer electronics, energy research, laser optics, debris shields, glass wafers for use in filters, sensing and packaging, advanced integrated optical systems, and high-quality optical windows, spanning from the deep ultraviolet through the infrared region.
Utilizing existing facilities, Corning Incorporated will continue to grow its footprint in Asia for Corning® HPFS® Fused Silica glasses to meet the optical industry demands for supply chain support from both Asian-based customers and from customers whose supply chains are based in Asia.
Corning has started to sell larger pieces of bulk material as well as smaller, more value-added pieces such as rods, smaller wafers, and lenses. Also, Corning recently started offering other services such as polishing, coating, and supply-chain management.
“We’ve identified real product and service opportunities where we can add value to our customers beyond the supply of materials,” said David Velasquez, commercial director, Corning Advanced Optics. “Leveraging the experience and infrastructure of our existing finishing businesses, we’ve already started growing our HPFS® Fused Silica business in Asia by targeting a broad suite of products, shapes, sizes, and advanced finishing services.”
Corning will display its HPFS® Fused Silica glasses and other Corning Advanced Optics innovations Feb. 16-18 at the Photonics West Conference in San Francisco, California.
The company will provide further detail in September on the progress of its expansion of High Purity Fused Silica finishing capabilities in Asia at the 2016 China International Optoelectronic Conference (CIOE) conference in Shenzhen.
Corning® HPFS® Fused Silica glasses, manufactured in Canton, N.Y, are known for their exceptional, consistent, repeatable performance. Product characteristics include low-refractive index variations leading to state-of-the-art homogeneity values, low birefringence values, large-size capabilities, exceptional transmittance from the deep ultraviolet through the near-infrared region, an ultra-low thermal expansion coefficient, and high resistance to laser damage.
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.
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About Corning Incorporated
Corning (www.corning.com) is one of the world’s leading innovators in materials science. For more than 160 years, Corning has applied its unparalleled expertise in specialty glass, ceramics, and optical physics to develop products that have created new industries and transformed people’s lives. Corning succeeds through sustained investment in R&D, a unique combination of material and process innovation, and close collaboration with customers to solve tough technology challenges. Corning’s businesses and markets are constantly evolving. Today, Corning’s products enable diverse industries such as consumer electronics, telecommunications, transportation, and life sciences. They include damage-resistant cover glass for smartphones and tablets; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for high-speed communications networks; trusted products that accelerate drug discovery and manufacturing; and emissions-control products for cars, trucks, and off-road vehicles.