CORNING, N.Y., February 6, 2014 -- Corning Incorporated (NYSE:GLW) today announced a commercial agreement with SnapCab® Elevator Interior Systems for thin, lightweight, durable Corning® Gorilla® Glass. SnapCab will design Gorilla Glass into its modular wall panel systems which are used in residential and commercial elevators. The same Gorilla Glass that has helped protect handheld electronic devices will now be used in interior architecture to enable new lightweight designs for elevator cabs, lobbies and conference rooms.
“The benefits of Gorilla Glass now extend beyond consumer electronics to offer SnapCab and their customers a unique architectural product that will enable true color match,” said Henry Dunnenberger III, business director, Corning Innovative Glass Solutions. “Gorilla Glass is also lightweight, allowing new and refurbishment designs to operate within tight elevator weight budgets. And because our glass is highly scratch resistant and durable, it can help protect modular wall systems from everyday bumps. We are excited to work on this opportunity with SnapCab.”
“Integrating Gorilla Glass into our modular elevator system delivers a truly unique product,” said Glen Bostock, chief executive officer of SnapCab Elevator Interior Systems. “The durability of Gorilla Glass combined with our easy-to-install system saves our customers time and money while providing a look that cannot be duplicated with traditional architectural glass.”
Corning Gorilla Glass was originally introduced to help protect consumer electronics from the scratches, bumps, and damage of everyday use. It has been designed into more than 2400 product models, used in two billion devices by 33 major brands. Applications beyond consumer electronics include household appliances, automotive, architecture, rail, and aviation.
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 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.
SnapCab (www.SnapCab.com) pioneered the elevator interior systems market and continues to lead this vibrant sector. SnapCab's patented modular system allows architects to freely design unique elevator interiors while making it simple to specify. The modular SnapCab design also allows for easy installation at any location by local elevator professionals. The unique design of the system fits virtually all elevator cab configurations and installs in hours, not days like a conventional elevator interior. SnapCab continues to grow at a consistent, well-managed pace and collaborates with supportive industries to drive innovation, expand product selection and fuel growth.
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