GLW Corning Inc

Corning Incorporated (NYSE:GLW) announced today the commercial launch of EAGLE XG(TM), the industry's first liquid crystal display (LCD) glass substrate that is free of all heavy metals. "Corning continues to create customer value through the minimization of potential costs related to environmental regulations and recycling challenges," said James P. Clappin, president, Display Technologies. Clappin announced the industry's most environmentally-friendly LCD glass during the DisplaySearch US FPD Conference in San Diego, Calif. "EAGLE XG is a green substrate that provides added value for panel manufacturers, and the entire TFT-LCD value chain, while retaining all of the process benefits and attributes of EAGLE2000(TM), another innovative glass composition from Corning that has become the industry standard," Clappin continued. "EAGLE XG is an environmentally friendly glass that is the first of its kind. The value it provides to our customers will continue to increase as future environmental regulations are introduced. As an industry leader, Corning continues to deliver products that help our customers worldwide to be successful, both now and in the future." EAGLE XG is the first and only LCD glass to be completely free of heavy metals, including arsenic. As with EAGLE2000, it is also free of antimony and barium, and halides such as chlorine and fluorine. These materials, added by some glass suppliers during their manufacturing process, can produce potentially harmful manufacturing by-products. As one of the world's leading technical innovators, Corning has consistently brought new compositions to the LCD industry since the earliest stages of its development. Corning produced the first LCD glass substrates that were used by Japanese LCD development labs, leading to the first TFT LCD products in the mid-1980s. Corning introduced EAGLE2000 substrates in the year 2000 that provided customers with new benefits and glass attributes, including very-low glass density, higher chemical durability and advanced thermal properties. EAGLE XG glass retains the benefits of these advantageous properties, while adding an increased level of environmental friendliness through its advanced composition and manufacturing processes. "The quickly changing technical landscape of the LCD industry and the increase of ubiquitous, large, high-performance displays require the continuous evolution of the LCD glass substrate," explained Dr. Pete L. Bocko, division vice president and director, commercial technology, Corning Display Technologies. "We believe the environmental area is an opportunity to enhance the value Corning offers to our customers. EAGLE XG is one of the most significant advances in fundamental glass technology in a generation." One of Corning's primary operating priorities is to invest in future growth and technology. Currently, approximately 10 percent of the company's sales are reinvested into research and development that is focused on multiple technologies and growth opportunities. Over the last 20 years, Corning scientists have supported the LCD industry with ongoing advances in ultra-thin glass technology that is making possible today's portable LCDs and desk top monitors, as well as the production of increasingly popular LCD TVs. With the introduction of EAGLE XG, Corning continues to demonstrate the company's high level of commitment to meeting the needs of the LCD industry both now and in the future. 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 or fluctuations in global economic and political conditions; tariffs, import duties and currency fluctuations; product demand and industry capacity; competitive products and pricing; manufacturing efficiencies; cost reductions; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; capital spending by larger customers in the liquid crystal display industry and other businesses; 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; ability to obtain financing and capital on commercially reasonable terms; adequacy and availability of insurance; capital resource and cash flow activities; capital spending; equity company activities; interest costs; 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; changes in key personnel; stock price fluctuations; and adverse litigation or regulatory developments. These and other 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.