Corning's filters for automotive exhaust help new Changan
models meet China 6 emissions standards
CORNING, N.Y.; OCTOBER 18, 2018
- Changan Automobile, one of the largest Chinese automakers,
has chosen Corning Incorporated (NYSE: GLW) as its supplier of
gasoline particulate filters (GPF). Corning®
DuraTrap® GC gasoline
particulate filters will be integrated into the emissions control
systems of Changan's next generation of vehicles to help reduce
fine particulate emissions, enabling the automaker to meet the
upcoming China 6 light-duty vehicle emissions standards. This
supply relationship is based on a strong long-term partnership
between the two companies.
Starting in 2015, Corning and Changan began joint
research and development activities around GPF technology,
establishing a project team and running experiments to fully
prepare for the China 6 standards. The technology solutions they
developed, including the integration of DuraTrap® GC
filters into the emissions control system of Changan's powertrain
designs, are based on this research and will be available starting
on Changan's first China 6 engine platform, H15T. This platform has
consistently succeeded in meeting tighter China 6 gaseous and fine
particulate emissions limits. Vehicles on this engine platform,
equipped with DuraTrap® GC filters,
will begin production at the end of 2018.
"We are very pleased to announce this next phase
of cooperation between Changan and Corning, which is the product of
years of effective collaboration and builds on Corning's
decades-long experience working with major automakers in China and
other international markets on emissions control solutions," said
Annie Wang, commercial director, Corning Environmental
Technologies, China. "Corning is proud to be able to contribute
meaningfully to China's clean-air initiatives, and foresees the
market for DuraTrap® GC filters in
China growing as more vehicles leverage this technology to help
reduce particulate emissions."
DuraTrap® GC filters
are designed and optimized to help automakers effectively reduce
fine particulate emissions, such as PM 2.5, 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.
Corning and Changan have been collaborating on
emissions control solutions for the China market prior to the
introduction of GPF technology. As Changan's light-duty substrate
supplier for catalytic converters, Corning has been providing a
pipeline of emissions control products and automotive engineering
services to support Changan's vehicle design and development. Once
emissions regulations are fully adopted in China and Europe,
Corning expects its gasoline particulate filter business to add an
estimated $500 million in annual sales. Moving forward, Changan is
looking to further advance its market position in China by
continuing to develop and deploy new technologies that help advance
vehicle design and performance.
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
Contact:
United States:
M. Elizabeth Dann
(607) 974-4989
dannme@corning.com
Kathleen M. Young
(607) 974-4584
youngkm@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
Follow
Corning: RSS
Feeds | Facebook | Twitter | YouTube
This
announcement is distributed by West Corporation on behalf of West
Corporation 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
Corning (NYSE:GLW)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Corning (NYSE:GLW)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024