Corning Iris™ Glass Chosen for LeTV’s new Super TV Max 70

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Corning Iris™ Glass Chosen for LeTV’s new Super TV Max 70

Corning Iris Chosen for LeTV’s new Super TV Max 70

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CDT
Corning Iris™ Glass Chosen for LeTV’s new Super TV Max 70
Corning Iris™ Glass Chosen for LeTV’s new Super TV Max 70
CORNING, N.Y. | Corning Incorporated | December 22, 2015
Iris Glass promotes trend toward thinner LCD televisions

One of Corning Incorporated’s newest high-tech innovations – Corning Iris Glass – is helping high-profile Chinese company LeTV launch a large and remarkably thin TV with brilliant, lifelike images.

Iris Glass forms the light-guide plate (LGP) for LeTV’s new 70-inch television – the Super TV Max 70 – now available in China. The Iris Glass substrate is a key component for edge-lit technology because it distributes and directs light through the front of the TV, enabling vibrant pictures. The Super TV Max 70 is the first TV design in China to incorporate Iris Glass.

“Corning is delighted to support LeTV’s strategy of bringing the latest innovative products to consumers,” said Andrew Beck, director, Iris Glass program. “Today’s announcement is yet another example of Corning’s ability to leverage a core technology and a proprietary manufacturing process to produce a remarkably thin TV that delivers a bright, immersive viewing experience.”

Historically, display designers have used plastic light guide plates, which are highly susceptible to heat and humidity. This leads to design trade-offs resulting in thicker sets and wider bezels. Iris Glass not only becomes a third piece of glass in the TV design, but it also eliminates design compromises by offering optically pure glass which is both dimensionally and thermally stable. This enables brands and designers to achieve significantly thinner sets and bezels than were previously attainable using plastic.

“Corning Iris™ Glass enabled our Super TV Max 70 to bring an exceptional viewing experience to the consumers without sacrificing size or thinness,” said Wang Zhi, product director for LeTV. “We are excited to continue exploring new possibilities in collaboration with Corning.”

Optically, Iris Glass delivers the bright, realistic color quality consumers demand by delivering high optical transmission and negligible color shift, resulting in several other prominent electronics manufacturers having designed Iris Glass into their edge-lit LCD TVs over the past year.

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 LeTV
Founded in 2004 by Jia Yueting, a celebrated pioneer in China's Internet landscape, LeTV is engaged in a rich array of business verticals, including smart TV, film and video production and distribution, smart gadgets, big-screen applications, and development of Internet-linked super-electric cars. LeTV’s smart TV, launched in 2013, ranked first among all smart TVs sold online in China the following year.

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.