Corning to Demonstrate Private LTE Network Infrastructure at the CBRS Alliance Members Meeting

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Corning to Demonstrate Private LTE Network Infrastructure at the CBRS Alliance Members Meeting
Corning to Demonstrate Private LTE Network Infrastructure at the CBRS Alliance Members Meeting
Corning, NY | Corning Incorporated | May 07, 2018

Corning Incorporated (NYSE:GLW) will present a live demonstration of a private long-term evolution (LTE) network infrastructure during the CBRS Alliance Annual Members meeting May 8-9 in Tyson’s Corner, Virginia. Corning will collaborate with Druid Software to demonstrate how private enterprises can easily adopt the CBRS (Citizens Broadband Radio Service) technology to enhance network performance.

The CBRS band is made up of 150 MHz of the 3.5 GHz spectrum. The FCC authorized shared use of the spectrum with wireless small cells in 2015. The CBRS Alliance “believes that LTE-based solutions in the CBRS band, utilizing shared spectrum, can enable both in-building and outdoor coverage and capacity expansion at a massive scale.”

As part of the demonstration, Corning will provide a SpiderCloud Enterprise RAN composed of a Services Node and SCRN-330 radio nodes. Druid Software will deploy its virtualized Evolved Packet Core.

Additionally, Corning and Druid Software are announcing a collaboration to provide enterprises in the United States with a turnkey private LTE solution, including service and support. This collaborative solution relieves the enterprise from the burden of integrating the various network components.

“We are excited to be participating with Druid in this demonstration, and are even more pleased to announce our collaboration with Druid to provide private LTE solutions – offering enterprises a one-stop shop for their full network,” said Michelle Engarto, vice president of wireless solutions product line management at Corning. “Our work with Druid highlights Corning’s unique co-innovation approach: We collaborate with industry leaders to develop solutions that increase network capability and deployment speed, while reducing our customers’ total cost of ownership.”

Read more about Enterprise Private LTE, including business demands, vertical markets, and solution architecture overview, here.

Forward-Looking and Cautionary 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 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.

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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 166-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 Druid Software
Druid Software is a software development company providing virtualised mobile core network technology and solutions with a specific focus on business users. Druid supply LTE core and access network technology and components to Global System integrators and Network Equipment Providers enabling them to deliver both stand alone and roaming mobile communications solutions tailored for business needs. Druid are a leading supplier of private cellular solutions globally with deployments in Europe, the US and Asia. 
www.druidsoftware.com.