Corning, the world’s leading supplier of optical fiber, will supply Condumex, a leading manufacturer of optical fiber cable in Latin America, with a broad range of products.
“Corning’s reputation for supplying the highest quality optical fiber makes renewing this long-term agreement an easy and mutually beneficial decision,” said Hugo Gomez, director of Cables Sector for Condumex. “Together, we are strongly positioned to continue our commitment to providing fiber product solutions that best meet the growing bandwidth needs of the rapidly expanding Latin America region.”
Corning and Condumex have successfully collaborated for almost 30 years, signing their first formal long-term supply agreement in 1997.
“We are pleased to continue our relationship with Condumex and look forward to a future of mutually beneficial growth in Latin America,” said Rich Nevins, division vice president and director, Worldwide Commercial Operations, Corning Optical Fiber. “Utilizing Corning’s industry-leading optical fiber products, Condumex’s customers can design and construct next generation high-speed telecommunication networks in the region.”
In recent years the demand for optical fiber and cable in Latin America, particularly Brazil and Mexico, has exceeded most forecast expectations. This has been driven by public policy and consumer demand for bandwidth-consuming content. Condumex is strategically located in these two countries and is one of Latin America’s leading suppliers of optical cable and related products.
Corning’s SMF-28e+ LL fiber offers a unique combination of the lowest attenuation and industry-leading low polarization mode dispersion (PMD) of any commercially available ITU-T G.652.D compliant single-mode optical fiber. It is designed to improve the lifetime performance of the network by providing added optical margin to extend network reach and allow for higher data rates. It also provides a solid foundation for new network deployments as well as upgrades to existing networks.
Corning’s LEAF optical fiber and SMF-28 ULL optical fiber each offer the industry’s lowest commercially available attenuation specification in their respective product categories. Corning ClearCurve single-mode fibers set the standard for bend performance while remaining compliant with the most stringent ITU-T G.652.D and ITU-T G.657 recommendations for FTTx applications. ClearCurve multimode fibers deliver the best macro bending performance in the industry, up to 10-times better than standard multimode fiber for data center and other enterprise network applications.
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 Incorporated (www.corning.com) is the world leader in specialty glass and ceramics. Drawing on more than 160 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy, and metrology.