CORNING, N.Y. — Corning Incorporated (NYSE: GLW) announced that it has received a 2017 U.S. Supplier Award for Corporate Responsibility from Cummins Inc. (NYSE: CMI) at the company’s 2017 U.S. Supplier Conference in Columbus, Indiana.
The awards program acknowledges suppliers who deliver exemplary service and support in a range of categories. Corning was chosen from a group of more than 5,000 Cummins suppliers in the United States.
“These suppliers have demonstrated and exceeded the qualities that we expect of all of our suppliers – high quality, on-time delivery, innovation, service, and commitment to Cummins’ values,” Tim Millwood, vice president, Procurement for Cummins, said in a published statement. “They have been great partners to Cummins, working together with us to help our customers succeed. It’s called partnering for success.”
The U.S. Supplier Award for Corporate Responsibility exemplifies Cummins’ belief that companies should serve and improve the communities in which they operate and its commitment to work with companies that share these common values. Specific areas of focus are education and equality of opportunity.
Corning was specifically recognized for:
- Promoting and supporting veterans with the employee resource group Corning Veterans Engaged to Support (C-VETS)
- The Technology Pipeline Program, which provides students with a rigorous two-year course of study in science and engineering in partnership with Corning Community College
- Aiding the iFly program to bring rural teachers in China to urban areas each summer for two weeks of intense training and encouragement from private-sector supporters
- Internal global initiatives and employee resource groups dedicated to women’s empowerment and leadership development such as the UP2 initiative, Corning Professional Women’s Forum (CPWF), Technology Community Women’s Network (TCWN), and Women at Corning, as well as 14 consecutive years as a top supporter of the Historically Black Colleges and Universities (HBCUs) in the U.S.
“It is an honor to receive this award from our valued customer, Cummins,” said Hal Nelson, vice president and general manager, Corning Environmental Technologies. “This award reflects Corning’s Values, emphasizing the commitment of our employees in serving and improving the communities where we work and live.”
Corning is a leading supplier of advanced cellular ceramic substrates and ceramic particulate filters for emissions control to the world's major manufacturers of gasoline and diesel vehicles, such as Cummins Inc. Corning invented an economical, high-performance, cellular ceramic substrate in the early 1970s that is now the standard for catalytic converters worldwide. In 1978, Corning developed the cellular ceramic particulate filter to remove soot from diesel emissions. Corning continues to leverage its expertise in ceramic science and extrusion manufacturing technology to develop market-leading emissions control solutions that help our customers meet new emission standards and enable cleaner air worldwide.
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
In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to notify investors, media, and other interested parties that it intends to use its website (http://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors. The list of websites and social media channels that the company uses may be updated on Corning’s media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts.
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.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins currently employs approximately 55,400 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and approximately 7,400 dealer locations. Cummins earned $1.39 billion on sales of $17.5 billion in 2016. Press releases can be found on the Web at www.cummins.com. Follow Cummins on Twitter at www.twitter.com/cummins and on YouTube at www.youtube.com/cumminsinc.