Corning Incorporated (NYSE:GLW) (NYSE: GLW) today announced that Tri-Co Connections, a fiber-to-the-home (FTTH) internet service provider and wholly owned subsidiary of Tri-County Rural Electric Cooperative, has selected Corning as its supplier to bring high-speed broadband connectivity to rural communities in North Central Pennsylvania.
Tri-Co Connections will deploy Corning’s fiber infrastructure across a more than 3,200 square-mile area to provide data transmission speeds up to 1,000 Mbps, unlimited local and long-distance phone service, and home security service to its subscribers. The project will deliver fiber broadband to more than 18,000 homes and businesses over the next six years.
“Corning’s proximity to our service area, rich history of innovation in the FTTH space and track record of deploying fiber to rural communities made it the right supplier for Tri-Co,” said Bill Gerski, senior vice president of Business Development at Tri-Co Connections. “Once completed, our new optical network will advance the region’s economic development objectives and improve the quality of life for the residents we serve.”
The Tri-Co subsidiary will deploy optical fiber cable, housings and jumpers from Corning’s FTTH product portfolio for all phases of the project to overcome the challenges of distance, density, and terrain in the mountainous North Central Pennsylvania region – including Tioga, Potter, Bradford, Lycoming, McKean, Cameron and Clinton counties.
“Corning looks forward to working with Tri-Co to deliver fiber to the people of North Central Pennsylvania who currently don’t have access to reliable fiber broadband,” said Angela Haneklau, vice president of North American Carrier Network Sales, Corning Optical Communications. “We’ve seen the significant impact that affordable, ubiquitous access to fiber broadband has on rural communities and applaud Tri-Co’s continued commitment to serving the community.”
With an extensive product portfolio, decades of network expertise, and more than 52 million homes passed, Corning provides FTTH solutions that address major challenges such as speed of deployment, installment costs, performance and quality, project cost deferment, and future readiness.
To learn more about how Corning is helping to transform rural communities with the power of optical fiber networks, visit: https://www.corning.com/worldwide/en/products/communication-networks/applications/fiber-to-the-home/community-broadband.html.
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Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to: the effects of acquisitions, dispositions and other similar transactions, global business, financial, economic and political conditions; tariffs and import duties; currency fluctuations between the U.S. dollar and other currencies, primarily the Japanese yen, euro, Chinese yuan and South Korean won; product demand and industry capacity; competitive products and pricing; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; possible disruption in commercial activities due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, or major health concerns; unanticipated disruption to equipment, facilities, IT systems or operations; effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; rate of technology change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and components performance issues; retention of key personnel; customer ability, most notably in the Display Technologies segment, to maintain profitable operations and obtain financing to fund their ongoing operations and manufacturing expansions and pay their receivables when due; loss of significant customers; changes in tax laws and regulations including the Tax Cuts and Jobs Act of 2017; the impacts of audits by taxing authorities; and the potential impact of legislation, government regulations, and other government action and investigations.
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About Corning Incorporated
Corning (www.corning.com) is one of the world's leading innovators in materials science, with a more than 165-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic 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.
About Tri-Co Connections
The mission of Tri-Co Connections, LLC is to become the premier solutions provider by offering communications and advanced broadband solutions to members in the Tri-County Rural Electric Cooperative. We serve with personal attention, superior quality and by supporting and growing our local communities. Our goal is to end the educational, economic and social inequalities that exist between rural and urban communities. We do this by building infrastructure and providing access to modern information and communications technologies, such as ultra-high-speed Internet, state-of-the-art phone systems, advanced video streaming options and high-quality security and energy management systems. At Tri-Co Connections, we’re building the infrastructure that will deliver a brighter future.
About Tri-County Rural Electric Cooperative
Tri-County Rural Electric Cooperative delivers electricity to its members in seven Pennsylvania counties – Tioga, Potter, Bradford, Lycoming, McKean, Cameron and Clinton. Incorporated in 1936, the co-op is headquartered in Mansfield and maintains district offices in Coudersport, Germania, Liberty, Mainesburg and Westfield. Tri-County is a not-for-profit energy provider owned by the people it serves. As a Touchstone Energy Cooperative, Tri-County is a member of the Pennsylvania Rural Electric Association and the National Rural Electric Cooperative Association.
