Corning receives award for strategic partnership on
emissions control innovation
CORNING, N.Y.; MARCH 7, 2019- Corning Incorporated (NYSE: GLW)
announced that it received a 2018 Daimler Supplier Award from
Daimler AG (DAI) at the company's 11th annual
global supplier award ceremony in Stuttgart, Germany, on Feb. 20,
2019.
Corning was one of 10 suppliers to be recognized,
receiving the partnership award from Mercedes-Benz Car Procurement
& Supplier Quality, for Corning's collaborative development and
ongoing supply of next-generation particulate filters for
high-performance emissions control.
"It is an honor to receive Daimler's most
prestigious supplier recognition as a reflection of our
longstanding and productive relationship," said Klaus Wellstein,
general manager, Corning GmbH. "Daimler's focus on innovation and
premium quality across all its vehicle platforms creates demanding
specifications and fits perfectly with Corning's goal to partner
with customers to solve their toughest technology challenges."
Corning has been working with Daimler for more
than 35 years, initially supplying emissions control solutions for
passenger cars and, beginning in 2005, for commercial vehicles as
well. In recent years, Corning developed several new products in
partnership with Daimler to address tightening regulations in
gaseous and particulate emissions, including large-diameter thin
wall Celcor® substrates,
Corning®
DuraTrap® GC gasoline
particulate filters, and Corning®
DuraTrap® AT HP diesel
particulate filters. These products are being leveraged in
emissions control systems across many car and truck models in
Europe, North America and Asia.
"Our global supplier network makes an important
contribution to value creation, quality, and innovation...[and]
makes a decisive contribution to the overall business success of
Mercedes-Benz Cars," Wilko A. Stark, a member of the Divisional
Board of Management for Mercedes-Benz Cars for Procurement and
Supplier Quality, said in a published statement. "The [Daimler
Supplier Award is] the highest award given for best performance. I
congratulate our winners for their outstanding work over the past
year."
The Daimler Supplier Awards acknowledge 10
suppliers with strong performance from the prior fiscal year in the
categories of quality, innovation, and partnership. The awards were
presented by members of the Daimler AG Board of Management and the
heads of the Daimler procurement groups to an audience of
representatives from over 450 strategic partners and key suppliers
in 30 countries.
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:
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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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
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