Corning Incorporated (NYSE: GLW) announced today it has been named a 2016 ENERGY STAR® Partner of the Year – Sustained Excellence recipient by the U.S. Environmental Protection Agency for its leadership in energy management.
Companies become eligible for the Sustained Excellence award after winning the ENERGY STAR Partner of the Year for several years in a row. This is Corning’s third consecutive year earning Partner of the Year status.
“By continued collaboration with ENERGY STAR, Corning is helping Americans save money, save energy, and do their part to reduce our nation’s greenhouse gas emissions that exacerbate climate change,” said EPA Administrator Gina McCarthy. “I’m proud to recognize Corning with the highest form of ENERGY STAR recognition, as the winner of the 2016 Partner of the Year – Sustained Excellence award. Corning demonstrates a strong commitment to energy efficiency and to preserving a healthy planet for future generations.”
Corning was recognized for the continued growth of its energy management program and its commitment to collaborating with other companies to develop and enhance energy management programs.
Corning is part of a select group of manufacturers among the businesses and organizations to be named an ENERGY STAR Partner of the Year. All of the recipients will be recognized on April 13, in Washington, D.C.
“Our partnership with ENERGY STAR has proved to be invaluable as we continue on our energy management journey, and we’re honored to be named an ENERGY STAR Partner of the Year for the third year in a row,” said Lisa Ferrero, Corning senior vice president and chief administrative officer. “Responsible energy management helps us maintain the trust of our stakeholders and protect our financial health, while helping to reduce our carbon footprint and enable healthier lives for people around the world.”
Corning’s energy policies and strategies are developed and implemented by its Global Energy Management (GEM) program. Launched in 2006, GEM and its teams across the company have saved Corning more than $421 million in cumulative energy costs.
“We wouldn’t be receiving this award if it weren’t for our dedicated energy managers and teams working on and supporting energy-saving projects in Corning’s facilities,” said Patrick Jackson, director of Corning’s GEM program. “Effective energy management begins with finding employees who recognize the importance of saving energy for the company, and we’ve found the right group of people.”
Since its inception in 1992, ENERGY STAR and its partners have helped prevent a total of more than 2.4 billion metric tons of greenhouse gas emissions. In 2014 alone, ENERGY STAR and its partners provided more than $11 billion in societal benefits due to reducing damages from climate change.
For a complete list of 2016 winners and more information about ENERGY STAR’s awards program, visit https://www.energystar.gov/about/2016_energy_star_award_winners.
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. 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.