Corning Incorporated (NYSE: GLW) today announced a technical collaboration through its High Performance Displays organization with AU Optronics Corp. (NYSE: AUO). Corning is exhibiting AUO’s 5-inch HD720 AMOLED panels that feature Corning Lotus™ Glass in its booth (M1220) at Touch Taiwan 2013.
AUO selected the Corning Lotus Glass platform for its 5-inch HD720 AMOLED panels because of the glass substrate’s outstanding thermal and dimensional stability, which facilitates efficient panel manufacturing during rigorous, high-temperature processing. These HD AMOLED panels, used in smartphones, feature a resolution of 720 x 1280.
Corning Lotus Glass offers exceptional total pitch variation performance – a critical requirement for all high-performance display panels, such as AMOLED. In addition, Corning Lotus Glass provides superior surface quality, excellent thickness control, and low body defect levels, which enable accurate component alignment. Through these attributes, Corning Lotus Glass allows panel makers to meet the precise manufacturing requirements necessary to produce high resolutions, rapid response rates, vibrant images, and elevated functionality required for emerging high-performance devices.
AMOLED technology is known for its vivid color and high contrast with a self-emitting light source that intrinsically helps display devices reduce power consumption. AUO’s proprietary pixel design for high-resolution mobile devices provides a variety of smartphone display solutions to its customers.
“Given our long-standing relationship with Corning and its rich history of innovation, this high-performance, displays-focused collaboration was a natural progression,” said Frank Ko, vice president of Technology and Strategic Development Office, AUO. “Corning’s continuous product development supports our market success by allowing us to leverage new technologies and offer innovative product solutions to our customers.”
Established in 1996, AUO provides optoelectronic solutions and offers a wide variety of display technologies, including UHD 4K, ultra-high resolution, ultra-slim, narrow bezel, flexible displays, transparent displays, LTPS, OLED, and touch solutions.
“AUO is one of the world’s leaders in display technologies and design, constantly devoting efforts to meet diverse market trends,” said John Bayne, vice president and general manager, Corning High Performance Displays. “Because of its resiliency and strategic capabilities, we are excited to continue our collaboration with it as we both innovate to meet new display requirements.”
Touch Taiwan 2013 is being held in Taipei and runs until Aug. 30.
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.
About AU Optronics
AU Optronics Corp. (AUO) is one of the world’s leading providers of optoelectronic solutions. AUO offers a full range of panel sizes and comprehensive applications ranging from 1.5 inches to 65 inches. Based on its profound R&D and manufacturing experience, AUO continues to develop advanced display technologies of the next generation. AUO extended its market to the green energy industry in 2008. By building a vertically integrated high-efficiency solar value chain, AUO provides its customers with high-efficiency solar solutions. AUO currently has global operations in Taiwan, Mainland China, the U.S., Japan, South Korea, Singapore, the Netherlands, Czech and Slovakia. Additionally, AUO is the first pure TFT-LCD manufacturer to be successfully listed at the New York Stock Exchange (NYSE). AUO has also been named to Dow Jones Sustainability World Index for three consecutive years from 2010 to 2012. AUO generated NT$378.5 billion (US $13.03 billion) in sales revenue in 2012. For more information, please visit www.AUO.com.
* 2012 year end revenue converted at an exchange rate of NTD 29.05 : USD 1.