Collaboration enables better image quality for mass
adoption of AR wearables
CORNING, N.Y. &
LONDON; DECEMBER 13,
2018 - Corning Incorporated (NYSE:
GLW), the world's leading supplier of high-refractive-index glass
for eyewear, and WaveOptics, a leading designer and manufacturer of
diffractive waveguides, have entered into a long-term supply
agreement for augmented reality (AR) optics.
Corning will provide ultra-flat, high-index glass
wafers for WaveOptics' waveguides, the key optical component in AR
wearable devices. WaveOptics' specialized nano-structures will be
imprinted on the glass wafers and made into waveguides using a
well-defined manufacturing process.
As part of the agreement, Corning will also
provide its world-class materials science expertise to support
WaveOptics' continued advancements in waveguide manufacturing.
"We believe that waveguide-based AR devices offer
the best combination of user experience and sleek designs today,"
said David Velasquez, division vice president and general manager,
Precision Glass Solutions, Corning Specialty Materials. "We're
excited to work with WaveOptics to enable attractive, high-quality
AR wearables, which will be key to increased adoption of this
technology. We are excited about the opportunity to support their
drive toward a high-volume supply chain."
WaveOptics Chief Executive Officer David Hayes
said:
"Our waveguides meet a demanding technical
specification that provides a comfortable viewing experience with
crisp imagery displayed over a wide instantaneous field of view.
Corning's high-index glass has the characteristics that we need to
enable the superior optical performance of our waveguide
technology.
"This collaboration enables us to access Corning's
expertise in applied materials science, which will allow us to
maintain our leadership in the design and development of
diffractive waveguides for AR wearables."
WaveOptics' waveguides are designed with superior
optical performance and mass manufacturing in mind. The patented
waveguide technology allows the creation of a large viewing window
in which to experience AR, providing immersive AR experiences for
industrial, enterprise, and consumer applications.
Corning has experience delivering mass-production
quantities of ultra-flat, high-index glass for leading augmented
reality device makers. Corning Augmented Reality Solutions are one
of several products in Corning's portfolio of Precision Glass
Solutions that leverage the company's precision optics and forming
capabilities to address the emerging trend for glass solutions
across microelectronics.
Corning provides customers with a one-stop shop
for world-class capabilities including proprietary glass and
ceramic manufacturing platforms, finishing processes, bonding
technologies, best-in-class metrology, automated laser
glass-cutting, and optical design expertise.
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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
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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.
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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.
About WaveOptics
WaveOptics is the world's leading designer and
manufacturer of diffractive waveguides, the key optical component
in wearable augmented reality (AR) devices.
AR wearables, such as smart glasses, enable users
to see computer-generated images overlaid on top of the real world.
There are two key elements that allow these images to be seen - a
light source such as a minute projector and a means of transferring
the image from the projector into the user's eyes.
WaveOptics' waveguide technology transfers the
light waves from the light source and projects them into the user's
eye. The technology produces a large eye-box, binocular viewing and
a high field of view. The eye-box (the viewing window) is the size
of the AR display from which the full image is visible. WaveOptics'
waveguides deliver crisp, undistorted text as well as stable
imagery.
WaveOptics technology is designed to be used for
immersive AR experiences in industrial, enterprise and consumer
markets. The company aims for its waveguides to be the core optical
component used in all AR wearable devices, driven by its unique
technology and expertise, which enable unparalleled manufacturing
scalability and visual performance as well as versatility for
numerous applications.
Media Relations Contacts -
Corning:
Kaitlin
Cutler
cutlerk@corning.com
+1 (607)
974-5331
Joe Dunning
dunningjm@corning.com
+1 (607) 974-5006
Investor Relations Contact -
Corning:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
WaveOptics
Suzie Smith, Chief Marketing
Officer
+44 1235 841526
Instinctif
Partners
Adrian Duffield/Chantal Woolcock
+44 20 7457 2077
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responsible for the content, accuracy and originality of the
information contained therein.
Source: Corning Incorporated via Globenewswire
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