Energy management program recognized for fifth consecutive
year
CORNING, N.Y.; APRIL 2, 2018 - Corning
Incorporated (NYSE: GLW) announced today it has been named a 2018
ENERGY STAR® Partner of
the Year - Sustained Excellence recipient by the U.S. Environmental
Protection Agency for continued commitment to energy
efficiency.
"We're honored to be named an ENERGY STAR Partner
of the Year for the fifth year in a row," said Wendell P. Weeks,
Corning's chairman, chief executive officer and
president. "This is a tremendous accomplishment that
illustrates our ongoing commitment to responsible energy
management. We're proud to make a positive difference for our
employees, our communities, and our planet."
Partner of the Year is the EPA's most prestigious
award, with the Sustained Excellence designation reserved for
companies achieving Partner of the Year status several years in a
row and making continued improvements to their energy management
programs. As Corning receives its fifth consecutive Partner of the
Year recognition, it is proud to also record three straight years
achieving Sustained Excellence.
"The 2018 ENERGY STAR Partners of the Year have
demonstrated real leadership, showing how American families and
businesses can save energy, save money, and reduce air emissions,"
said Bill Wehrum, EPA assistant administrator for Air and
Radiation.
Corning launched its Global Energy Management
(GEM) program in 2006 to create and execute effective energy
strategies. Since then, the program has grown to include energy
teams at every Corning facility around the world.
"Corning operates with a focus on sustainability,
and we strive for continuous improvement in everything we do," said
Lisa Ferrero, senior vice president and chief administrative
officer. "Delivering new energy savings, year after year, shows our
commitment to both of these priorities, so to have ENERGY STAR
consistently validate these efforts as best practices is very
meaningful for us."
Corning's GEM teams implement energy- and
water-saving projects, such as integrating water recycling systems,
improving process and equipment energy efficiency, and installing
LED light fixtures and solar panels. Since 2006, these efforts have
improved Corning's energy efficiency by more than 35 percent and
have saved the company nearly half a billion dollars.
"The energy landscape has changed vastly over the past decade, and
our relationship with ENERGY STAR is more valuable than ever," said
Patrick Jackson, director, GEM. "It's been integral in the
development and progress of our program, and achieving this
recognition for the past five years is proof we're on the right
track. We look forward to achieving new energy management goals to
help protect our planet's resources."
Corning is part of a select group of manufacturers
among the businesses and organizations earning ENERGY STAR Partner
of the Year. All recipients will be recognized on
April 20 in Washington, D.C.
"Congratulations to Corning and its energy teams
on the company's fifth ENERGY STAR Partner of the Year award," said
former New York State Gov. George E. Pataki, whose administration
helped Corning form its GEM program at a time when energy
management was a fairly new concept for many large manufacturers.
"I'm very pleased to see the progress Corning has made since its
program's inception, and hope this encourages other companies to
follow suit in practicing energy efficiency."
In 2016 alone, ENERGY STAR-certified products,
homes, buildings, and plants helped Americans save over $30 billion
in energy costs and approximately 400 billion kilowatt-hours of
electricity while achieving broad emissions reductions.
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.
Web Disclosure
In accordance with guidance provided by the SEC regarding the use
of company websites and social media channels to disclose material
information, Corning Incorporated ("Corning") wishes to notify
investors, media, and other interested parties that it intends to
use its website
(http://www.corning.com/worldwide/en/about-us/news-events.html) to
publish important information about the company, including
information that may be deemed material to investors, or
supplemental to information contained in this or other press
releases. The list of websites and social media channels that the
company uses may be updated on Corning's media and website from
time to time. Corning encourages investors, media, and other
interested parties to review the information Corning may publish
through its website and social media channels as described above,
in addition to the company's SEC filings, press releases,
conference calls, and webcasts.
About Corning
Incorporated
Corning (www.corning.com) is one of the world's leading innovators
in materials science, with a more than 165-year track record of
life-changing inventions. Corning applies its unparalleled
expertise in glass science, ceramic science, and optical physics
along with its deep manufacturing and engineering capabilities to
develop category-defining products that transform industries and
enhance people's lives. Corning succeeds through sustained
investment in RD&E, a unique combination of material and
process innovation, and deep, trust-based relationships with
customers who are global leaders in their industries.
Corning's capabilities are versatile and synergistic, which allows
the company to evolve to meet changing market needs, while also
helping our customers capture new opportunities in dynamic
industries. Today, Corning's markets include optical
communications, mobile consumer electronics, display technology,
automotive, and life sciences vessels. Corning's industry-leading
products include damage-resistant cover glass for mobile devices;
precision glass for advanced displays; optical fiber, wireless
technologies, and connectivity solutions for state-of-the-art
communications networks; trusted products to accelerate drug
discovery and delivery; and clean-air technologies for cars and
trucks.
Media Relations
Contacts:
Joe Dunning
(607) 974-5006
dunningjm@corning.com
M. Elizabeth Dann
(607) 974-4989
dannme@corning.com
Investor Relations Contact:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
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Related Links: Sustainability
| Preservation | Global Energy Management | Corning and ENERGY
STAR | GEM Infographic
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
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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