Corning Incorporated (NYSE:GLW) announced today that four of its innovative optical communications products received high scores from Broadband Technology Report in its Diamond Technology Reviews and will be recognized at a reception on Oct. 22 during the 2018 Cable-Tec Expo® in Atlanta, Georgia.
“During this transformative time in our industry, it is validating to receive such high marks from the engineering experts at Diamond Technology Reviews,” said Kim Hartwell, chief commercial officer, Corning Optical Communications. “At Corning, we strive to innovate products that increase deployment speed and network capability, expanding the possibilities for network operators to get ahead of oncoming demand for reliable, high-bandwidth business and residential services.”
Award classification was based on the impact products have on designers, systems integrators, and end users. Corning Optical Communications’ innovations that earned elite status from a panel of cable telecommunications engineering experts include:
- RocketRibbon™ extreme-density cable. RocketRibbon delivers up to twice the fiber count in approximately the same footprint of existing central tube and stranded ribbon tube cable designs, which allows operators to quickly install more capacity in the same duct space to support evolving networks.
- ALTOS® Lite cable with binderless FastAccess® technology. This innovation combines the crush resistance and rodent protection of an armored cable along with the capability for installers to peel away cable jackets by hand. Manufacturing advancements eliminate the use of binder yarns and waterblocking tapes for safer cable preparation and greater reduction in cable access times as compared to traditional designs.
- The OptiTap® field-installable connector, which leverages technology that has already expanded broadband access to more than 45 million homes globally. This innovation enables rapid restoration and repair to preconnectorized drop cables without a power or heat source in just under seven minutes per connector.
- The local convergence point enclosure (LCPE) with splice and wavelength division multiplexing capabilities, which reduces multiple, single-purpose units into one integrated enclosure. Allowing for faster deployment with minimal civil requirements, these enclosures support parent-to-child node architectures connecting up to 128 subscribers today and enabling fiber-to-the-home migration by adding splitter modules.
“Corning is to be congratulated for four elite-score entries this year,” said Stephen Hardy, editorial director/associate publisher, Broadband Technology Report (www.broadbandtechreport.com). “Our judges were impressed by the way the entries make the field technician’s life a little easier.”
For more information about Corning’s products, visit booth 1641 at Cable-Tec Expo, or go to www.corning.com/opcomm.
Caution Concerning Forward-Looking 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 effects of acquisitions, dispositions and other similar transactions by the Company, the effect of 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, New Taiwan dollar, 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; and the potential impact of legislation, government regulations, and other government action and investigations.
For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q. 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.
Web 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 uses 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, or supplemental to information contained in this or other press releases. 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 Broadband Technology Report
Broadband Technology Report (BTR), is the cable and telecom industry's premier source for product and technology news, and is the most successful and fastest growing online outlet for product information and deployments; reviews and rankings; technology expertise; and buyer/seller facilitation. Broadband Technology Report's portfolio includes online, print and video assets, all designed to help network operators build, upgrade and maintain high-performance communications networks. Broadband Technology Report, backed by more than 70 years of combined industry experience, delivers its email, online, print and video production services to more than 20,000 subscribers. If you are interested in subscribing, consult broadbandtechreport.com/subscribe.
About the Diamond Technology Review program
The Broadband Technology Report Diamond Technology Reviews ("the Diamonds") is a renowned industry program that was developed to recognize some of the top products and solutions available to the cable industry as determined by a stellar panel of cable telecommunications engineering experts. Engineering executives from Time Warner Cable, Bright House Networks, Suddenlink Communications, Comcast, Charter and Cox, and several expert consultants, were among the third-party judges for the 2018 "Diamonds." Every year, Broadband Technology Report invites vendors to submit written information about products/solutions that have been released or upgraded since the previous year's SCTE Cable-Tec Expo (October 2017). Criteria used in the Diamonds rankings include, first and foremost, unique technology or application thereof, innovation, ease-of-use, efficiency, reliability and contribution to profitability.
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.
*Corning’s proprietary binderless FastAccess technology refers to the combination of a Corning FastAccess technology jacket with an innovative technology used to bind cable construction through the manufacturing process, eliminating the use of binder yarns and waterblocking tapes to greatly expedite and de-risk the cable access procedure.
