Corning Incorporated (NYSE: GLW) today announced a new product category for its Automotive Glass Solutions. Corning® Curved Mirror Solutions are now key components in a new Augmented Reality (AR) Head-Up Display (HUD) system by Hyundai Mobis. Hyundai Motor Company debuted the technology in the 2021 IONIQ 5 electric crossover utility vehicle earlier this year.
In 2020, nearly 5 million cars sold had HUD technology. By 2025, that number is expected to double as major automakers quickly adopt AR technology to complement other enhanced connectivity features in automobiles. Corning’s high-quality, distortion-free solutions are helping automakers create today’s most immersive and connected driving experiences.
“High-quality mirrors are key components in the Mobis HUD system. They help drivers clearly view critical safety information, which is projected 7.5 meters onto the road in front of drivers,” said YoungHoon Han, vice president, Hyundai Mobis. “Our longtime collaboration with Corning has made it possible for us to launch an AR HUD with a large field of view and sharp imaging.”
Compared with traditional technologies, Corning mirrors enable a larger total display area across the windshield with a projection distance that is five times greater.
“As automotive experiences are becoming more connected, immersive, and interactive, drivers are demanding the most advanced features – such as augmented reality – in their vehicles,” said Mike Kunigonis, vice president and general manager, Corning Automotive Glass Solutions. “Corning technologies enable a truly unique driving experience, which is why Hyundai Mobis has designed our Curved Mirror Solutions into its next generation of head-up displays.”
HUDs use mirrors to project driving information such as navigation and speed – which would normally be viewed from the instrument cluster – onto windshields, putting it directly within the driver’s line of sight. AR HUDs advance this technology by essentially turning the windshield into an immersive display screen, projecting large and dynamic images onto the road.
For HUDs to achieve this level of interactivity and immersion, the systems require high-quality mirrors. Corning has leveraged its industry-leading glass science and optical physics expertise to enable these new experiences with Hyundai Mobis. Through the joint industrialization effort, Hyundai Mobis has unveiled a series of new AR HUD systems using Corning Curved Mirror Solutions to meet automakers’ performance and reliability requirements at scale.
Caution Concerning Forward-Looking Statements
The statements contained in this release that are not historical facts or information and contain words such as “will,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “seek,” “see,” “would,” and “target” and similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and include estimates and assumptions related to economic, competitive and legislative developments. Such statements relate to future events that by their nature address matters that are, to different degrees, uncertain. These estimates are subject to change and uncertainty which are, in many instances, beyond our control. There can be no assurance that future developments will be in accordance with management’s expectations. Actual results could differ materially from those expected by us, depending on the outcome of various factors. We do not undertake to update forward-looking statements.
Although the company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, current estimates and forecasts, general economic conditions, its knowledge of its business, and key performance indicators that impact the company, actual results could differ materially. The company does not undertake to update forward-looking statements. Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to: the duration and severity of the COVID-19 pandemic, and its impact across our businesses on demand, operations and our global supply chains; the effects of acquisitions, dispositions and other similar transactions; 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; loss of intellectual property due to theft, cyber-attack, or disruption to our information technology infrastructure; unanticipated disruption to our supply chain, 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, to maintain profitable operations and obtain financing to fund ongoing operations and manufacturing expansions and pay receivables when due; loss of significant customers; changes in tax laws and regulations; the impacts of audits by taxing authorities; the potential impact of legislation, government regulations, and other government action and investigations; and other risks detailed in Corning’s SEC filings.
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.
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 (https://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 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.