![](https://hugin.info/155653/I/2200803/129127.jpg)
Company's newest solution for automotive emissions control
reaches production milestone as exhaust filtration technology is
adopted on gasoline cars in Europe
CORNING, N.Y.; JUNE 25, 2018 - Corning
Incorporated (NYSE: GLW) announced today that its Environmental
Technologies business reached a significant production milestone at
its Kaiserslautern, Germany manufacturing facility - producing its
1 millionth Corning®
DuraTrap® GC gasoline
particulate filter (GPF) for automotive emissions control.
Corning engineered these ceramic particulate
filters specifically for gasoline engines, in anticipation of
European auto market demand for this new emissions control
technology to help automakers meet the Euro 6d emissions standard
and introduce some of their cleanest gasoline models yet. Corning's
production scale-up effort for DuraTrap® GC filters,
which began with expansion of the Kaiserslautern facility in 2016,
has been critical to ensure supply and support customers ahead of
the regulatory implementation.
"Corning is proud to be partnering with most major
automakers to equip their new European gasoline engine platforms
with our DuraTrap® GC gasoline
particulate filters," said Klaus Wellstein, general manager,
Corning GmbH. "Our Kaiserslautern facility has been managing
expansion and production activities simultaneously to meet demand
for these new products, preparing for the regulations alongside our
customers."
Leveraging particulate filters in gasoline systems
is an important engineering advancement for clean-vehicle
technology in Europe as gasoline vehicles grow in popularity.
Advanced gasoline engines, including high-performance
gasoline-direct-injection (GDI) engines, offer consumers better
fuel economy without sacrificing engine performance. However, they
produce a high number of fine particulates, such as PM2.5, that
impact air quality and human health.
Euro 6d emissions standards, which will be fully
phased in by September 2018, call for a significant reduction in
fine particulate emissions from GDI engine vehicles under new
real-driving emissions (RDE) testing. These standards necessitate
the use of particulate filtration in the treatment of gasoline
exhaust.
DuraTrap® GC filters are designed and optimized to
help automakers effectively reduce fine particulate emissions from
gasoline engines. These filters feature a new, cordierite-based
material composition with an innovative engineered ceramic
microstructure that delivers high filtration efficiency of fine
particulates, while maintaining engine performance with low back
pressure. A range of wash coat loading needs are also supported for
additional catalytic activity to help address tighter gaseous
emissions standards as well.
"Reaching this one million gasoline particulate
filter milestone is important for Corning and for clean-air
initiatives in Europe," said Hal Nelson, vice president and general
manager, Corning Environmental Technologies. "It marks the
introduction of a next-generation emissions control solution with
proven capability to help our customers meet new emissions
standards and advance their gasoline systems to be cleaner and
safer."
China will be the next market to introduce
particulate filtration of gasoline engine exhaust. New emissions
regulations, known as China 6, will be implemented beginning in
2020, and will apply to all gasoline engine vehicles, not just GDI.
Once China 6 regulations are fully implemented in 2023, most
gasoline vehicles in China will potentially require a gasoline
particulate filter. Corning's growing collaboration with major
automakers in China, driven by its advantaged DuraTrap®
GC filter product portfolio, is increasing the company's pace of
investment, including a new manufacturing facility in Hefei, China,
announced in 2017.
Once regulations are fully adopted in Europe and
China, Corning expects to build a gasoline particulate filter
business with an estimated $500 million in annual sales.
Corning is a leading supplier of advanced
cellular ceramic substrates and ceramic particulate
filters for the world's major manufacturers of gasoline and diesel
vehicles. The company invented an economical, high-performance,
cellular ceramic substrate in the early 1970s that is now the
standard for catalytic converters worldwide. In 1978, Corning
developed the cellular ceramic particulate filter to remove soot
from diesel emissions. Corning continues to leverage its expertise
in material science and manufacturing to develop market-leading
emissions control solutions that help our customers meet new
emissions standards and enable cleaner air worldwide.
Caution Concerning
Forward-Looking 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 effects of acquisitions, dispositions and other
similar transactions by the Company, the effect of global business,
financial, economic and political conditions; tariffs and import
duties; currency fluctuations between the U.S. dollar and other
currencies, primarily the Japanese yen, New Taiwan dollar, euro,
Chinese yuan, and South Korean won; product demand and industry
capacity; competitive products and pricing; availability and costs
of critical components and materials; new product development and
commercialization; order activity and demand from major customers;
the amount and timing of our cash flows and earnings and other
conditions, which may affect our ability to pay our quarterly
dividend at the planned level or to repurchase shares at planned
levels; possible disruption in commercial activities due to
terrorist activity, cyber-attack, armed conflict, political or
financial instability, natural disasters, or major health concerns;
unanticipated disruption to equipment, facilities, IT systems or
operations; effect of regulatory and legal developments; ability to
pace capital spending to anticipated levels of customer demand;
rate of technology change; ability to enforce patents and protect
intellectual property and trade secrets; adverse litigation;
product and components performance issues; retention of key
personnel; customer ability, most notably in the Display
Technologies segment, to maintain profitable operations and obtain
financing to fund their ongoing operations and manufacturing
expansions and pay their receivables when due; loss of significant
customers; changes in tax laws and regulations including the Tax
Cuts and Jobs Act of 2017; and the potential impact of legislation,
government regulations, and other government action and
investigations.
For a complete listing of risks and other factors,
please reference the risk factors and forward-looking statements
described in our annual reports on Form 10-K and quarterly reports
on Form 10-Q. 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 uses 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:
United States
M. Elizabeth Dann
(607) 974-4989
dannme@corning.com
Agatha
Lutoborski
(607)
248-4320
lutoborsak@corning.com
Europe (Germany)
Andrea Bienko-Osann
49-611-7366-142
bienkoa@corning.com
China
Cara Xie
86-21-2215-2888
XieZ3@corning.com
Investor Relations
Contact:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
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information contained therein.
Source: Corning Incorporated via Globenewswire
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