Corning Incorporated (NYSE:GLW) and Quuppa, a leading provider of real-time locating systems (RTLS), today announced an agreement to resell and distribute the Quuppa Intelligent Locating System™ as part of the Corning ONE™ Wireless Platform in the U.S. and Canada.
Quuppa’s Intelligent Locating System is a full solution with equipment, software, tools, and services that delivers real-time asset tracking of Bluetooth®-enabled smart tags and Bluetooth low energy (BLE) devices. The technology gives customers the ability to precisely track the location and movement of any object, even fast-moving ones, with sub-meter position accuracy.
The ONE platform is the first all-optical solution to converge nearly every wired and wireless connectivity need into a single, unified infrastructure. This means the local area network (LAN) that delivers internet, Wi-Fi, security, building automation and access control lives on the same network as the distributed antenna system (DAS) that delivers cellular – all sharing the same power, backup, and fibre backbone for simple, convenient network management.
In the past, companies that wanted to add applications like RTLS services had to deploy parallel networks, each with their own cabling. When deployed together, Quuppa’s location technology can leverage ONE’s fibre-based infrastructure, eliminating the need for an additional network and reducing installation time and cost.
“The ONE platform leverages dedicated fibres for voice, video, and data – and unlimited applications – all in one composite cable that supports nearly every connectivity need,” said Mike O’Day, vice president, Wireless Market Development, Corning. “Quuppa’s Intelligent Locating System is a great example of how current and future applications easily fit into Corning’s vision of an all-fibre communications network that delivers unparalleled connectivity at an attractive cost.”
Quuppa CEO Kimmo Kalliola noted, “Ensuring accurate, real-time location tracking indoors is a vital piece of today’s converged network. “This agreement enables Corning to offer customers more options for supporting all their network needs, plus an application that helps manage valuable assets.”
For more information, please visit the ONE Knowledge Center; or contact Aravind Chamarti, ChamartiA@corning.com at Corning or Kimmo Kalliola, email@example.com at Quuppa.
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 commercialisation; 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.
Quuppa (www.quuppa.com) provides reliable real-time sub-meter positioning for location-based solutions and services. Quuppa systems have been successfully applied across various industries including healthcare, industrial internet, retail, security and sports. Headquartered in Espoo, Finland, Quuppa is a privately-owned independent company, and is supported by the European Institute of Innovation and Technology (EIT).
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 fibre, 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.