Corning Showcases Commercialized Applications of Next-Generation Automotive Glass Innovations with Industry Partners at CES 2020

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Corning Showcases Commercialized Applications of Next-Generation Automotive Glass Innovations with Industry Partners at CES 2020
Corning Showcases Commercialized Applications of Next-Generation Automotive Glass Innovations
CORNING, N.Y. | Corning Incorporated | January 06, 2020
GAC’s 2020 Aion LX adopts Corning® ColdForm™ Technology for the industry’s largest interior dual-display system

Corning Incorporated (NYSE: GLW) announced on Monday that it is showcasing new technical glass innovations, now in use by automotive industry partners, at the 2020 Consumer Electronics Show (booth 628, Westgate Paradise Center). Featured in the booth is the GAC Aion LX, one of the latest vehicles to adopt AutoGrade™ Gorilla Glass with Corning® ColdForm™ Technology, taking important industry innovations from concept to reality.

“Since CES 2019, when we announced the industry’s first AutoGrade solutions for more integrated auto interior displays meeting stringent industry standards, we’ve made significant business investments in technology, commercialization, and capacity, including our new manufacturing facility in Hefei, China,” said Mike Kunigonis, vice president and general manager, Corning Automotive Glass Solutions. “At CES this year, we’re excited to showcase the results of these advancements in commercially available applications, such as the Aion LX, which features our newest technical glass product and process solutions.”

“The Aion LX’s curved interior display is an outstanding application of Corning’s patented ColdForm Technology, which is enabling a more immersive experience for drivers by providing the smartphone-like touch sensitivity they’re accustomed to. In fact, the Aion LX’s ADiGo Space – GAC’s first-of-its-kind curved dual-display module – boasts the largest interior display system with anti-reflective and decorative cover glass technologies designed into a vehicle today,” Kunigonis said.

“GAC’s ADiGo Space is just one example of how we are making more innovative auto interior display designs possible while also delivering advanced manufacturing capabilities to our customers. The pace of adoption of our auto glass technologies is ever-increasing, as we collaborate across the automotive supply chain with companies including LGE, Visteon, BOE, and VIA Optronics to bring more innovative in-car solutions to market,” Kunigonis added.

Corning’s CES showcase features advanced glass solutions enabling the latest trends in the mobile consumer electronics, display, and automotive industries.

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.