Corning Incorporated (NYSE: GLW) has been named an ENERGY STAR® Partner of the Year by the U.S. Environmental Protection Agency for its strategic energy management program.
The ENERGY STAR Partner of the Year is the EPA’s most prestigious award and recognizes organizations that have made significant contributions in energy management and raised awareness about energy efficiency.
“Innovative strategies in energy management are some of the most cost-effective ways to improve the bottom line in the places we work, shop, and play,” EPA Deputy Administrator Bob Perciasepe said. “Corning’s leadership in energy management supports the well-being of American families while also fighting climate change.”
Corning was recognized for adopting a continuous energy management strategy in all of its buildings and plants. Corning is a global company, with U.S. operations consisting of nearly 50 facilities in 16 states and the District of Columbia.
“Every one of our facilities has contributed to this effort, which has lowered both our energy usage and our costs,” said Kirk Gregg, Corning’s executive vice president and chief administrative officer. “Our approach helps us manage greenhouse gas emissions, and the money we save on energy enhances our ability to make strategic investments in Corning’s future.”
Corning’s Global Energy Management program, led by Patrick Jackson, develops and implements Corning’s energy policies. Since its launch in 2006, GEM’s management practices have saved Corning more than $328 million in cumulative energy costs.
“We’ve received significant support from leadership and an amazing effort from all of our team members and plant managers,” Jackson said. “This success has only been possible because everyone in the corporation has bought into the idea that we can be world-class when it comes to energy efficiency.”
The 2014 Partner of the Year Awards are given to a variety of organizations to recognize their contributions to reducing greenhouse gas emissions through superior energy efficiency. The award winners are selected from the 16,000 partners that participate in the ENERGY STAR program and will be recognized in Washington, D.C., on April 29, 2014.
Through 2013, with help from ENERGY STAR, American families and businesses have saved $297 billion on utility bills and prevented more than 2.1 billion metric tons of greenhouse gas emissions.
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.
About ENERGY STAR
ENERGY STAR was introduced by the U.S. Environmental Protection Agency in 1992 as a voluntary market-based partnership to reduce greenhouse gas emissions through increased energy efficiency. Today, ENERGY STAR offers businesses and consumers energy-efficient solutions to save energy, money, and help protect the environment for future generations. 16,000 organizations are ENERGY STAR partners committed to improving the energy efficiency of products, homes, and buildings. For more information about ENERGY STAR, visit www.energystar.gov or call toll-free 1-888-STAR-YES (1-888-782-7937).
About Corning Incorporated
Corning Incorporated (www.corning.com) is the world leader in specialty glass and ceramics. Drawing on more than 160 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy, and metrology.