Corning Incorporated (NYSE: GLW) announced today it has been named a 2019 ENERGY STAR® Partner of the Year – Sustained Excellence recipient by the U.S. Environmental Protection Agency (EPA) for continued commitment to energy efficiency.
“We’re honored to be named an Energy Star Partner of the Year for the sixth year in a row,” said Wendell P. Weeks, Corning’s chairman, chief executive officer, and president. “This recognition validates our ongoing commitment to sustainability and illustrates that how we do things is as important as what we achieve – for our employees, our communities, and our planet.”
Partner of the Year is the EPA’s most prestigious award, with the Sustained Excellence designation reserved for companies achieving Partner of the Year status several years in a row, and making continued improvements to their energy management programs. This is Corning’s sixth consecutive year earning Partner of the Year recognition and its fourth year achieving Sustained Excellence.
“I applaud the 2019 ENERGY STAR award winners,” said Bill Wehrum, EPA assistant administrator for Air and Radiation. “Their innovation and leadership enhance America’s economic competitiveness. Reducing costly energy waste improves air quality and public health while protecting the environment.”
Corning launched its Global Energy Management (GEM) program in 2006 to create and execute effective energy strategies. Today, the program has grown to include teams at every Corning facility around the world that implement energy- and water-saving projects, such as integrating water recycling systems, recycling heat generated by equipment, installing LED lights, and utilizing solar panels.
In its 2019 award application, Corning highlighted:
- Improving companywide energy productivity by 35 percent since 2006.
- Cutting greenhouse gas emissions by more than 2.3 million metric tons since 2006, equivalent to the carbon dioxide emissions from nearly 250,000 homes in the U.S. over a one-year period.
- Investing in renewable energy, including constructing a solar array at its plant in Oneonta, New York, and at two facilities in Taiwan.
- Joining Apple’s China Clean Energy Fund.
- Launching an Employee Community Solar Program, in which employees can source portions of their home’s electricity from community solar fields.
- Achieving ENERGY STAR® Challenge for Industry at 20 global manufacturing plants since 2015.
- Reducing energy intensity at its optical fiber and cable plants by 50 percent.
- Providing high-tech equipment to help combat harmful algal blooms in the Finger Lakes region of New York and sponsoring an annual community meeting to educate the public on the impact of HABs.
- Surpassing half a billion dollars in energy savings for the company since 2006.
“The GEM teams at all of Corning’s facilities and plants around the world have really stepped up when it comes to looking for innovative ways to conserve energy and water,” said Patrick Jackson, director of GEM. “It is their dedication toward energy efficiency improvements that has led to Corning’s success and recognition with ENERGY STAR.”
Corning is part of a select group of manufacturers among the businesses and organizations earning ENERGY STAR Partner of the Year. All recipients will be recognized on
April 11 in Washington, D.C.
In 2017 alone, ENERGY STAR and its partners helped Americans save $30 billion in energy costs. For a complete list of 2019 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.
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.
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.