Corning Incorporated (NYSE: GLW) and Intel (NYSE: INTC) today
announced a strategic collaboration to accelerate the availability
of 5G in buildings. The two companies will work together to deliver
a virtual platform for Corning’s 5G network solutions powered by
Intel® Xeon® Scalable processors and Intel® FlexRAN Reference
Software Architecture.
This co-innovation effort will create a streamlined path for
mobile network operators and enterprise building owners to deploy
5G solutions that meet the performance demands of their customers
and enable faster adoption of 5G applications, with the ability to
scale from small to large venues and enterprises.
“5G will enable dramatic advances in the way people work and
companies create value,” said Michelle Engarto, vice president,
Wireless Product Line Management, Corning Optical Communications.
“Capturing the benefits will require flexible and scalable
infrastructure that can evolve and adapt as fast as software-based
applications. Fiber offers effectively unlimited bandwidth
and is protocol agnostic. Virtualization converts a
traditional hardware challenge into a software-based
solution. By combining fiber and virtualization, Corning and
Intel will demonstrate the ultimate in flexibility and scalability
for in-building 5G infrastructure.”
The collaboration combines Corning’s wireless connectivity
portfolio and Intel’s leading-edge technologies, including
second-generation Intel Xeon Scalable processors, Intel FlexRAN 5G
and 4G Reference Software, Intel® FPGA Programmable Acceleration
Card N3000, and 10/25/40Gb Intel® Ethernet 700 Series Network
Adapters to support 5G innovation as deployments proliferate around
the world.
“Our collaboration with Corning will help ensure the 5G
revolution does not stop at the building door,” said Cristina
Rodriguez, vice president and general manager of Wireless Access
Networks Division, Data Center Group at Intel.
“This Intel-based foundation for next-generation virtualized
radio access networks (vRAN) will enable customers to reap the full
benefits of 5G based platforms for ultra-reliable low latency,
enhanced mobile bandwidth, and massive machine-to-machine
communication both inside and outside their buildings,” she
said.
The new enterprise platform will be commercially available in
2020. To learn more about Corning’s in-building network solutions,
visit:
https://www.corning.com/worldwide/en/products/communication-networks/applications/wireless-networks.html.
Caution Concerning Forward-Looking StatementsThis 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 IncorporatedCorning (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: Marisa K.
Bazemore
(828)
901-2859
bazemoremk@corning.com
Joe Dunning(607) 974-5006dunningjm@corning.com
Investor Relations Contact: Ann H.S. Nicholson (607)
974-6716 nicholsoas@corning.com
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