Corning Recognizes Outstanding Work in Continuous Flow Reactors

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News Release

Corning Recognizes Outstanding Work in Continuous Flow Reactors

Corning Recognizes Continuous Flow Reactors Work

News Releases
Corporate Communications
Corning Recognizes Outstanding Work in Continuous Flow Reactors
Corning Recognizes Outstanding Work in Continuous Flow Reactors
Corning, NY | Corning Incorporated | мая 01, 2018
MIT Professor Klavs Jensen and his research group receive inaugural award

Corning Incorporated (NYSE:GLW) today announced Massachusetts Institute of Technology (MIT) Professor Klavs Jensen has been awarded the inaugural Corning International Prize for Outstanding Work in Continuous-Flow Reactors and Chemistry for a Greener and Safer World.

Jensen is a distinguished professor of chemical engineering and material science who, along with his team, has made significant advances in academia in the field of microreactors and flow chemistry since 2009 by using Corning® Advanced-Flow™ Reactors. Corning presented the award to Jensen at the eighth annual Corning Reactor Technology Conference in Changzhou, China on March 29.

“No laboratory in the world has done as much to understand and progress advanced-flow reactor (AFR) technology for chemical transformation than the Jensen lab at MIT,” said Yi Jiang, business director, Global Advanced-Flow Reactors, and innovation officer, Corning Greater China. “Professor Jensen and team’s original engineering research on continuous-flow reactors and flow chemistry has provided critical direction to the entire global field. In the process, they introduced a new generation of researchers and scientists to this disruptive technology.”

“I would like to thank Corning for this wonderful award and the members of my research group at MIT for all their contributions,” Jenson said after accepting his award. “Our work on flow chemistry has greatly benefitted from Corning’s AFR technology.” 

Corning’s AFR technology enables the continuous processing of chemicals with a smaller footprint than conventional batch reactors. The company’s reactors are also specially designed to enable the conversion of batch chemical processes to continuous processes. Corning’s reactors provide customers with cost-effective solutions, specialized engineering support, and long-term process expertise.

Compared with traditional batch reactors, Corning’s reactors can enable at least 100 times enhancement in mixing, 1,000 times improvement in heat transfer performance, and seamless, efficient scale-up from the lab to full-scale production of chemicals for the pharmaceutical, specialty, and fine chemical industries.

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 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.

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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.

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