Corning Named 2019 ENERGY STAR® Partner of the Year
09 Abril 2019 - 11:00AM
Energy management program recognized for sixth consecutive
year
CORNING, N.Y. - Corning
Incorporated (NYSE: GLW) announced today it has been named a 2019
ENERGY STAR® Partner of the Year - Sustained Excellence recipient
by the U.S. Environmental Protection Agency (EPA) for continued
commitment to energy efficiency.
"We're honored to be named an Energy Star Partner
of the Year for the sixth year in a row," said Wendell P. Weeks,
Corning's chairman, chief executive officer, and president.
"This recognition validates our ongoing commitment to
sustainability and illustrates that how we do things is as
important as what we achieve - 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. This is Corning's sixth consecutive year earning Partner
of the Year recognition and its fourth year achieving Sustained
Excellence.
"I applaud the 2019 ENERGY STAR award winners,"
said Bill Wehrum, EPA assistant administrator for Air and
Radiation. "Their innovation and leadership enhance America's
economic competitiveness. Reducing costly energy waste improves air
quality and public health while protecting the environment."
Corning launched its Global Energy Management
(GEM) program in 2006 to create and execute effective energy
strategies. Today, the program has grown to include teams at every
Corning facility around the world that implement energy- and
water-saving projects, such as integrating water recycling systems,
recycling heat generated by equipment, installing LED lights, and
utilizing solar panels.
In its 2019 award application, Corning
highlighted:
-
Improving companywide energy
productivity by 35 percent since 2006.
- Cutting greenhouse gas emissions by more than 2.3
million metric tons since 2006, equivalent to the carbon dioxide
emissions from nearly 250,000 homes in the U.S. over a one-year
period.
-
Investing in renewable energy,
including constructing a solar array at its plant in Oneonta, New
York, and at two facilities in Taiwan.
-
Joining Apple's China Clean Energy
Fund.
-
Launching an Employee Community Solar
Program, in which employees can source portions of their home's
electricity from community solar fields.
-
Achieving ENERGY STAR® Challenge for
Industry at 20 global manufacturing plants since 2015.
-
Reducing energy intensity at its
optical fiber and cable plants by 50 percent.
-
Providing high-tech equipment to help
combat harmful algal blooms in the Finger Lakes region of New York
and sponsoring an annual community meeting to educate the public on
the impact of HABs.
-
Surpassing half a billion dollars in
energy savings for the company since 2006.
"The GEM teams at all of Corning's facilities and
plants around the world have really stepped up when it comes to
looking for innovative ways to conserve energy and water," said
Patrick Jackson, director of GEM. "It is their dedication toward
energy efficiency improvements that has led to Corning's success
and recognition with ENERGY STAR."
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 11 in
Washington, D.C.
In 2017 alone, ENERGY STAR and its partners helped
Americans save $30 billion in energy costs. For a complete list of
2019 winners and more information about ENERGY STAR's awards
program, visit energystar.gov/awardwinners.
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.
Digital Media 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. 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. For more than 160 years,
Corning has applied its unparalleled expertise in specialty glass,
ceramics, and optical physics to develop products that have created
new industries and transformed people's lives. Corning succeeds
through sustained investment in R&D, a unique combination of
material and process innovation, and close collaboration with
customers to solve tough technology challenges. Corning's
businesses and markets are constantly evolving. Today, Corning's
products enable diverse industries such as consumer electronics,
telecommunications, transportation, and life sciences. They include
damage-resistant cover glass for smartphones and tablets; precision
glass for advanced displays; optical fiber, wireless technologies,
and connectivity solutions for high-speed communications networks;
trusted products that accelerate drug discovery and manufacturing;
and emissions-control products for cars, trucks, and off-road
vehicles.
Media Relations
Contact:
Joe Dunning
(607) 974-5006
dunningjm@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
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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