Corning Incorporated (NYSE: GLW) announced today that it is showcasing a new business called Precision Glass Solutions, along with its portfolio of Advanced Optics materials and technologies, at the 2017 China International Optoelectronic Expo (CIOE) on Sept. 6-9 in Shenzhen, China.
Corning Precision Glass Solutions offers industry-leading wafer and panel solutions that help customers deliver increasingly demanding functionality and form-factor requirements in semiconductor, consumer electronics, and Internet-of-Things applications.
Some applications in which glass usage is growing fastest are RFFE modules for high-speed mobile communications, back-end packaging for semiconductor manufacturing, wafer-level optics for 3D sensing, augmented reality devices, wafer-level capping solutions for consumer electronics, and various MEMS-based devices.
Precision Glass Solutions leverages Corning’s more than 160 years of glass manufacturing expertise, and combines it with industry-leading capabilities in material deposition. Precision Glass Solutions delivers unmatched value to our customers by developing and producing:
coatings; data analytics including advanced flatness measurements; precision laser-cutting; and surface treatments such as etching.
“The use of glass in electronics is growing rapidly. Corning now has a business dedicated to quickly developing solutions for customers as they transition to glass from legacy materials,” said David Velasquez, division vice president and business director of Corning Precision Glass Solutions.
“We have a global operations network and commercial team that draws from Corning’s vast catalogue of subject-matter experts from China, Taiwan, Korea, Japan, Europe and the U.S. That’s helped us become a ‘one-stop shop’ for glass needs from design to product delivery. And as China invests heavily in new semiconductor capacity, this team is on the ground there to support sustainable growth,” Velasquez said.
In addition to supplying components for integrated circuits, Corning meets the growing demand in China for semiconductor lithography, telescopes, and other government optics projects. These applications require high-quality optical transmission enabled by materials such as Corning® HPFS® Fused Silica and Corning® ULE® (ultra-low expansion) glasses.
Corning Advanced Optics is maximizing use of its existing facilities to meet demand for HPFS® and ULE®, and to meet requests for supply-chain support from both Asia-based customers and customers whose supply chains are based in Asia.
Today, Corning Advanced Optics has the capacity to make one of the industry’s largest boules for both HPFS® and ULE®. Corning also makes smaller, more value-added pieces such as rods, wafers and lenses, and recently began offering a broader range of services for these components including polishing, coating, and supply-chain management.
All of these materials and technologies will be on display in the Corning booth – # 9E09 in Hall 9 – at CIOE.
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
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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.