Corning Lotus(TM) Glass Sole Source for Century Technology Corporation's LTPS Panels
22 Maio 2013 - 9:30AM
CTC's panels featuring
Corning's advanced glass in mass production
CORNING, N.Y., May 22,
2013 - Corning Incorporated (NYSE: GLW) and Century
Technology Corporation (CTC) today affirmed CTC's selection of the
Corning Lotus(TM) Glass platform for CTC's line of low-temperature
polysilicon (LTPS) panels. The announcement came at the Society for
Information Display's Display Week in Vancouver, British Columbia,
where Corning (booth #801) is featuring CTC's latest products.
Corning is the exclusive provider of specialty
glasses for CTC's LTPS manufacturing processes.
By providing intrinsic thermal and dimensional
stability, the Corning Lotus Glass platform enables crisp
resolutions, fast refresh rates, and bright pictures found in
high-performance displays. This stability plays an integral role
during panel makers' high-temperature manufacturing processes by
allowing precise component alignment.
CTC, partially owned by Foxconn, is located in
Shenzhen, Guangdong, China. Its LTPS and in-plane switching (IPS)
technologies are targeted at small- and medium-sized panels used in
high-resolution smartphones and tablet PCs.
CTC first introduced a fully functional LTPS line
in December 2011 and manufactures its panels on Gen 5.1 glass
substrates. Corning will showcase CTC's 4.7-, 4.8-, and 5-inch LTPS
panels during Display Week.
"We have developed a strong alliance with Corning
over the years," Sun YueWei, senior executive vice president,
Foxconn, said. "CTC has used Corning Lotus Glass to develop
successfully a number of high-performance products for today's
smartphones and mobile applications that feature more than 300
pixels per inch. Our collaboration with Corning enables us to bring
our revolutionary visions to fruition."
"The fact that the Corning Lotus Glass platform is
the sole glass CTC uses in its LTPS manufacturing processes speaks
to both the exceptional performance of Lotus Glass, and the strong
relationship between Corning and CTC," John Bayne, vice president
and general manager, Corning High Performance Displays, said. "CTC
has helped advance the growth of the high-performance display
segment, and we are pleased to be working with them in such close
collaboration."
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.
About Century Technology
Corporation
Century Technology Corporation, engaged in Gen 5.1 panel
manufacturing, was founded in 2004. CTC began mass production and
successfully entered the supply chain in February 2009. CTC has a
strategic venture with Foxconn in Longhua, Shenzen, China.
Media Relations Contacts -
Corning:
John A. O'Hare
(607) 974-7488
ohareja@corning.com
Joseph M. Dunning
(607) 974-5006
dunningjm@corning.com
Media Relations Contact -
Century Technology Corporation:
Tim Hsu
13662299345
tim.hsu@ebbg-ww.com
Investor Relations Contact -
Corning:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
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announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Corning Incorporated via Thomson Reuters ONE
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