Corning Receives Frost & Sullivan’s 2018 APAC Data Center Enabling Technology Leadership Award

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Corning Receives Frost & Sullivan’s 2018 APAC Data Center Enabling Technology Leadership Award

Corning Receives Frost & Sullivan’s 2018 Award

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Corning Receives Frost & Sullivan’s 2018 APAC Data Center Enabling Technology Leadership Award
Corning Receives Frost & Sullivan’s 2018 APAC Data Center Enabling Technology Leadership Award
CORNING, N.Y. | Corning Incorporated | August 15, 2018
Future-ready design of Corning’s EDGE8™ solutions recognized in Asia Pacific Best Practices Awards

Corning Incorporated (NYSE: GLW) announced today that its Optical Communications division has received Frost & Sullivan’s 2018 APAC Data Center Enabling Technology Leadership Award.

Presented at the 2018 Frost & Sullivan Asia Pacific Best Practices Awards in Singapore, the award recognizes Corning for its market-leading innovation of data center cabling infrastructure designed to offer a competitive advantage and minimize costs for data center operators.

The Frost & Sullivan judging panel evaluated nominees based on four benchmarking criteria: commitment to innovation, commercialization success, customer ownership experience, and brand equity. The Technology Leadership Award recognizes Corning for supporting enterprise, multi-tenant, hyperscale, and cloud data center clients with solutions that ensure data centers can be future-ready to support all network architectures and speeds to 400G, and seamlessly stay ahead of future demands.

The award acknowledges Corning’s longstanding expertise and innovation in data center solutions, including Corning EDGE8™, the industry’s first tip-to-tip, pre-terminated optical cabling system to feature a future-ready Base-8 design. To date, EDGE8 has won at least eight awards worldwide. The judges also highlighted Corning’s RocketRibbon™ extreme-density cable, a next-generation ribbon cable introduced this year that delivers up to 30 percent faster installation with twice the fiber density of existing central and stranded tube cables.

“Corning Optical Communications has demonstrated strong innovation in the data center infrastructure segment,” said Nishchal Khorana, director, Digital Transformation, Frost & Sullivan. “The company has focused on offering a seamless migration path to significantly higher bandwidth and enabling lower total cost of ownership. By developing solutions that are well-aligned with the need for effective data center operations and addressing the core needs of enterprise clients and cloud providers, Corning Optical Communications has achieved significant success.”

“We are honored to be recognized by Frost & Sullivan as the leader in delivering enabling technologies for data centers in the Asia-Pacific market,” said Kim Hartwell, senior vice president and chief commercial officer for Corning Optical Communications. “This best-practice award acknowledges Corning’s longstanding expertise in solving the unique challenges of data centers, particularly the need for future-ready infrastructure.”

The global footprint of Corning Optical Communications includes locations throughout Asia-Pacific, including Australia, China, Hong Kong, India, Japan, South Korea, and across southeast Asia. Corning serves data center clients across manufacturing, education, government, IT, and financial services, as well as enterprise verticals.

For more information on Corning data center solutions, visit https://www.corning.com/worldwide/en/products/communication-networks/applications/data-center.html.

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 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 Frost & Sullivan

Frost & Sullivan (www.frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, Frost & Sullivan has been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.