Corning Settles Lawsuit Against Xinhao
CORNING, NY | Corning Incorporated | May 23, 2022
Corning Incorporated (NYSE: GLW) today announced that it settled a lawsuit filed against Shenzhen Xinhao Photoelectric Technology Co., Ltd. (“Xinhao”) in the Western District of New York. Corning settled the lawsuit for an undisclosed value and agreed to dismiss the litigation without prejudice. The breach of contract dispute centered on Xinhao’s compliance with the use of Corning’s intellectual property as defined by the commercial agreement under which the parties had operated under for 5 years. Pursuant to that agreement, Corning had agreed to share its proprietary technology with Xinhao to enable Xinhao to process Corning® Gorilla® Glass, and Xinhao, in return, had agreed to treat Corning’s technology as confidential and to only use the technology on Corning Gorilla Glass.
About Corning Incorporated
Corning (www.corning.com) is one of the world's leading innovators in materials science, with a 170-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, automotive, and life sciences.
