Corning one of a select group of manufacturers named by
EPA
CORNING, N.Y., April 6,
2015 - Corning Incorporated (NYSE: GLW) has been named an
ENERGY STAR® Partner of the Year by the U.S. Environmental
Protection Agency for the second straight year.
The ENERGY STAR Partner of the Year is the EPA's
most prestigious award and recognizes organizations that have made
significant contributions in energy management and raised awareness
about energy efficiency.
"Corning Incorporated is a leading example of how
businesses and organizations are incorporating ENERGY STAR into
their sustainability programs," said EPA Administrator Gina
McCarthy. "Corning's role in energy management is helping reduce
our nation's greenhouse gas emissions that fuel climate change and
preserve a healthy planet for future generations."
Corning was recognized for the rapid maturation of
its energy management, environmental performance, and greenhouse
gas emission-control efforts. Corning is a global company with U.S.
operations consisting of nearly 50 facilities in 16 states and the
District of Columbia.
Corning is one of a select few manufacturers to be
designated an ENERGY STAR Partner. Corning, along with other ENERGY
STAR Partners, will be celebrated in Washington, D.C., on April
20.
"We're honored to be named an Energy Star Partner
of the Year for the second consecutive year. We committed ourselves
to ongoing improvements, and this award demonstrates that we are
making terrific progress in our energy journey," said Wendell P.
Weeks, Corning's chairman and chief executive officer. "This is
also a great example of how we can do well by doing good.
Responsible energy management helps us maintain the trust of our
stakeholders, control costs, and compete more effectively in a
global economy. In other words, we are investing in Corning's
future as well as the health of our planet."
Corning's energy policies are developed and
implemented by its Global Energy Management program. Since its
launch in 2006, GEM's management practices have saved Corning more
than $390 million in cumulative energy costs.
"This recognition as an ENERGY STAR Partner of the
Year would not be possible without the support this program has
received from our leadership and the dedication of our team members
and plant managers,'' said Patrick Jackson, Corning's GEM director.
"This clearly shows how Corning has bought into the idea that
effective management of energy makes good business sense and helps
protect the environment."
Corning began its GEM program at a time when the
benefits of energy management were a fairly new concept for many
large businesses. A $300,000 grant from the New York State Energy
Research and Development Authority during former Gov. George
Pataki's administration helped Corning with start-up costs.
"Having a large industrial energy user like
Corning make such a commitment and agree to partner with NYSERDA to
promote and share their results validated NYSERDA's efforts that
improving the way a corporation uses energy translates into
increased productivity, cost savings and significant environmental
benefits, benefits that accrue to the bottom line. I congratulate
Corning as an ENERY STAR Partner of the Year for the second year in
a row and for a commitment made a decade ago that is still paying
dividends today," said Peter R. Smith, former president and CEO of
NYSERDA.
Since its inception in 1992, ENERGY STAR and its
partners have helped prevent a total of more than 2 billion metric
tons of greenhouse gas emissions. In 2013 alone, ENERGY STAR and
its partners provided more than $11 billion in societal benefits
due to reducing damages from climate change.
ENERGY STAR has 16,000 partners working to protect
the environment through greater energy efficiency, including
manufacturers, retailers, public schools, hospitals, real estate
companies, and home builders.
For a complete list of 2015 winners and
information, and more information about ENERGY STAR's awards
program, visit www.energystar.gov/awardwinners.
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 ENERGY STAR
ENERGY STAR® is the simple choice for energy efficiency
achievements. For more than 20 years, people across America have
looked to EPA's ENERGY STAR program for guidance on how to save
energy, save money, and protect the environment. Behind each blue
label is a product, building, or home that is independently
certified to use less energy and cause fewer of the emissions that
contribute to climate change. Today, ENERGY STAR is the most widely
recognized symbol for energy efficiency in the world, helping
families and businesses save $300 billion on utility bills, while
reducing greenhouse gas emissions by two billion metric tons since
1992. Join the millions who are already making a difference at
energystar.gov.
About Corning
Incorporated
Corning (www.corning.com) is one of the world's leading innovators
in materials science. For more than 160 years, Corning has applied
its unparalleled expertise in specialty glass, ceramics, and
optical physics to develop products that have created new
industries and transformed people's lives. Corning succeeds through
sustained investment in R&D, a unique combination of material
and process innovation, and close collaboration with customers to
solve tough technology challenges. Corning's businesses and markets
are constantly evolving. Today, Corning's products enable diverse
industries such as consumer electronics, telecommunications,
transportation, and life sciences. They include damage-resistant
cover glass for smartphones and tablets; precision glass for
advanced displays; optical fiber, wireless technologies, and
connectivity solutions for high-speed communications networks;
trusted products that accelerate drug discovery and manufacturing;
and emissions-control products for cars, trucks, and off-road
vehicles.
Media Relations Contact -
Corning:
Joe Dunning
(607) 974-5006
dunningjm@corning.com
Investor Relations Contact:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
Media Relations Contact - ENERGY
STAR:
Kristinn Leonhart
(202) 343-9062
Leonhart.Kristinn@epa.gov
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This
announcement is distributed by NASDAQ OMX Corporate Solutions on
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Corning Incorporated via Globenewswire
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