CORNING, N.Y. — Corning Incorporated (NYSE: GLW) announced today it received the 'Environment Technology of the Year' award at the Indian Automotive Technology and Innovation Awards (IATIA) 2017 for its DuraTrap AT partial filter that helps reduce particulate emissions from diesel engines.
The fourth IATIA ceremony was held on Dec. 15, 2017, in Delhi, India. The award ceremony is organized by Auto Tech Review, a leading automotive magazine in India. Corning was recognized by an external jury panel of industry professionals for the 'Environment Technology of the Year (Supplier).'
“Corning has been associated with the automotive industry for more than 40 years, developing leading emissions- control solutions to help automakers meet emissions legislations,” said Rohit Kataria, commercial director, Corning Environmental Technologies, Corning India. “We are proud to be recognized by Auto Tech Review and the jury for our product innovations and efforts to support cleaner air in India.”
The Environment Technology award recognizes Corning’s expertise in emissions control and ceramic science. DuraTrap AT diesel particulate partial filters use advanced materials and monolithic design to help meet BSIV emissions regulations while offering fuel efficiency benefits over competitive technologies. Corning’s portfolio of emissions-control solutions enables automakers to meet tightening regulations around the world.
“This award demonstrates Corning’s successful development of a highly effective ceramic particulate filter product that offers cost savings to OEMs in diesel engine segments,” said Dr. Suhao He, light-duty regional technology manager, Corning Environmental Technologies, China and India. “We are pleased to support application and system development in India with a growing team of local emissions-control technology experts.”
Corning’s materials and process expertise has contributed to the campaign for clean air for more than 25 years in India. As an inventor of cellular ceramic substrates and filters for emissions-control products, Corning has been a dedicated partner to the Indian automotive industry, providing cutting-edge emissions-control technology. India’s vehicle market growth, coupled with tighter emission regulations such as India’s Clean Air legislation, is driving the increased demand for high-quality emission products. Corning’s commitment to clean air solutions continues through a global network of service, engineering, and manufacturing facilities that provide quality products, market understanding, and reliable product supply to Indian customers.
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 political, economic and business conditions; conditions in the financial and credit markets; currency fluctuations; tax rates; product demand and industry capacity; competition; reliance on a concentrated customer base; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; pricing fluctuations and changes in the mix of sales between premium and non-premium products; new plant start-up or restructuring costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political or financial instability, natural disasters, adverse weather conditions, or major health concerns; adequacy of insurance; equity company activities; acquisition and divestiture activities; the level of excess or obsolete inventory; the rate of technology change; the ability to enforce patents; product and components performance issues; retention of key personnel; stock price fluctuations; and adverse litigation or regulatory developments. These and other risk factors are detailed in Corning’s filings with the Securities and Exchange Commission. 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 intends to use 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.