Corning Incorporated (NYSE: GLW) today announced that it received the BMW Supplier Innovation Award in the lightweight construction category for the development of its thin, optically clear Corning® Gorilla® Glass for Automotive product. Gorilla Glass is used in the BMW i8 as an acoustic glass partition to shield sound from the rear engine. The award was presented during a ceremony in Amsterdam on Oct. 1.
“For Corning to be recognized by an innovative design leader like BMW, it is quite an honor,” said Dr. David Morse, executive vice president and chief technology officer for Corning Incorporated. “Our technical glass, along with other lightweight materials, enabled BMW to maximize performance and control rear-engine sound for the i8. We look forward to continuing our relationship with BMW and integrating Gorilla Glass for Automotive into other leading vehicles.”
Automakers around the world are working to reduce the weight of their vehicles to meet strict mobile emissions regulations. Corning Gorilla Glass for Automotive is now available to help automakers meet this objective by enabling a weight reduction in glazing of more than 50 percent versus conventional soda lime glass. Corning Gorilla Glass for Automotive can be used in all openings of a vehicle, including windshields, sidelites, sunroofs, and backlites. It can also be used in automotive interior touch panels.
Doug Harshbarger, business director, Emerging Automotive Innovations, Corning Incorporated, remarked, “By using thin, optically clear, and durable Gorilla Glass laminates in auto glass glazing applications (windshields, sidelites, sunroofs, and backlites), our customers are able to achieve more than 50 percent weight reduction over conventional soda lime laminates. Our glass helps customers reduce the weight of the vehicle, meet CO2 requirements, and consume less fuel. We are excited about our possibilities in this market.”
Corning Gorilla Glass was originally introduced to help protect consumer electronics from the scratches and bumps of everyday use. It has been designed into more than 2,450 product models and is used in 2.7 billion devices by 33 major brands. The thin, lightweight, durable, and optically clear qualities that make Corning Gorilla Glass so popular in consumer electronics continue to provide Corning with opportunities in adjacent markets, including household appliances, interior 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 (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.