Corning Reaches Milestone in Photovoltaic Glass Program With First Commercial Order
01 Fevereiro 2012 - 11:30AM
Business Wire
Corning Incorporated (NYSE: GLW) announced today its first
commercial order for photovoltaic (PV) glass substrates. This
milestone order follows three years of development work and
extensive customer engagement, resulting in an engineered glass
that enables higher efficiency and lighter weight thin-film
photovoltaic modules. The PV glass substrates will ship
immediately.
“We understand the current market challenges for photovoltaics
and the focus on delivering cost-effective solar energy solutions.
Clearly, energy conversion efficiency is integral to addressing
these challenges. Therefore, we are very excited about this initial
deployment of Corning’s PV glass substrates and their ability to
deliver on such an important need in the advancement of thin-film
PV solutions,” said Dr. Gary Calabrese, senior vice president,
Corning New Business Development. “The substantial efficiency
improvement of our glass technology has been demonstrated in lab
and customer trials. Now, this order validates the need for
engineered glass to drive higher conversion efficiency and can
provide module makers with a competitive advantage.”
Corning’s PV glass substrates can increase current thin-film
module efficiency by 20% to 30%. The glass has high transmission,
allowing more sunlight into the semiconductor layer. Corning’s
substrates are also high-temperature tolerant. Because the glass
can withstand higher temperature deposition, more uniform
semiconductor films may be applied, which increases overall
conversion efficiency.
John Duke, business director for Corning Photovoltaic Glass
Technologies, said, “Corning is committed to offering innovative
glass substrates that enable increased solar conversion efficiency.
This is just the beginning.”
Corning’s photovoltaic glass substrates are also 50% stronger
with less than half the thickness of the glass commonly used today
in thin-film PV modules. Corning’s photovoltaic glass is being
produced at its Harrodsburg, Kentucky plant, where Corning®
Gorilla® Glass, a protective cover for high-end display devices,
and EAGLE XG® glass, the leading substrate within the display
industry, were also developed.
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.
About Corning Incorporated
Corning Incorporated (www.corning.com) is the world leader in
specialty glass and ceramics. Drawing on more than 160 years of
materials science and process engineering knowledge, Corning
creates and makes keystone components that enable high-technology
systems for consumer electronics, mobile emissions control,
telecommunications and life sciences. Our products include glass
substrates for LCD televisions, computer monitors and laptops;
ceramic substrates and filters for mobile emission control systems;
optical fiber, cable, hardware & equipment for
telecommunications networks; optical biosensors for drug discovery;
and other advanced optics and specialty glass solutions for a
number of industries including semiconductor, aerospace, defense,
astronomy, and metrology.
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