Corning, New York, United States
Corning Incorporated (NYSE:GLW) has been awarded the Corporate Technical Achievement Award from the American Ceramic Society. The award recognizes corporations that have taken a technically demanding idea and developed it into a commercial product. Corning received the honor for its EAGLE(2000)(TM) glass substrates, which were developed to help its customers create lighter, thinner liquid crystal display (LCD) devices.
With its unique, low-density composition, EAGLE(2000) reduced manufacturing and systems costs for display makers, enhanced the performance of displays, and enabled new product and process innovations. After its introduction in 2000, EAGLE(2000) quickly became the industry standard for display glass.
In early 2006, Corning introduced the successor to EAGLE(2000), EAGLE XG(TM) glass substrates (http://www.corning.com/ displaytechnologies/ww/en/products_applications/eaglexg/index.aspx). (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) EAGLE XG offers all of the attributes and benefits of EAGLE(2000), but contains no added heavy metals, making it the most environmentally friendly LCD glass on the market. Created to help customers minimize the environmental impact of their processes and products, this breakthrough invention is the next step in the evolution of the EAGLE family of glass substrates.
"EAGLE(2000) has been instrumental in supporting the explosive growth of the LCD market, and we are pleased that the American Ceramic Society has chosen to recognize the important role this glass has played," said James P. Clappin, president, Corning Display Technologies. "By creating the glass that makes lighter, thinner devices possible, Corning has helped redefine the way we access data and enjoy entertainment. Today, we're continuing the innovation with EAGLE XG, which offers all of the advantages of EAGLE(2000) in a more environmentally friendly package."
The award will be presented at the American Ceramic Society's annual meeting in Cincinnati, Ohio on Oct. 16. For more information on the event, please visit http://www.acers.org/annualmeeting/home.asp.
About Corning Incorporated
Corning Incorporated (www.corning.com) is a diversified technology company that concentrates its efforts on high-impact growth opportunities. Corning combines its expertise in specialty glass, ceramic materials, polymers and the manipulation of the properties of light, with strong process and manufacturing capabilities to develop, engineer and commercialize significant innovative products for the telecommunications, flat panel display, environmental, semiconductor, and life sciences industries.
Forward-Looking and Cautionary Statements
This press release contains forward-looking statements that involve a variety of business risks and other uncertainties that could cause actual results to differ materially. These risks and uncertainties include the possibility of changes in global economic and political conditions; tariffs, import duties and currency fluctuations; product demand and industry capacity; competition; manufacturing efficiencies; cost reductions; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; changes in the mix of sales between premium and non-premium products; facility expansions and new plant start-up costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political instability or major health concerns; adequacy and availability of insurance; capital spending; 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; stock price fluctuations; and adverse litigation or regulatory developments. Additional risk factors are identified 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.
CONTACT: Corning Incorporated Media Relations: James E. Terry 607-974-7343 terryje@corning.com or Lisa A. Burns 607-974-4897 burnsla@corning.com or Investor Relations: Kenneth C. Sofio 607-974-7705 sofiokc@corning.com
Source: Business Wire (Business Wire India)