Corning Incorporated (NYSE: GLW) announced on Tuesday that it has
been named a 2020 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 seventh consecutive year,” said Wendell P. Weeks, Corning’s
chairman and chief executive officer. “This is a tremendous
accomplishment that illustrates our ongoing commitment to
responsible energy management. We’re proud to help create a
sustainable future for the company, the communities in which we
operate, and the planet we all share.”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 seventh
consecutive year earning Partner of the Year recognition, and its
fifth year achieving Sustained Excellence.
“I salute the 2020 ENERGY STAR award winners,” said Anne Idsal,
EPA principal deputy assistant administrator for Air and Radiation.
“These leaders demonstrate how energy efficiency drives economic
competitiveness in tandem with environmental protection.”
Corning is committed to protecting the environment through
pioneering innovation and the continuous improvement of its
processes, products and services.
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.
In its 2020 award application, Corning highlighted:
- Improving companywide energy productivity by 35% since
2006
- Investing further in renewable energy, including launching five
new solar projects at its facilities in Wujiang and Shanghai,
China; Amsterdam, Netherlands; Oneonta, New York; and Asan,
Korea
- Achieving the ENERGY STAR Challenge for Industry at nine
additional Corning manufacturing facilities
- Implementing new energy-efficient innovation processes
including a process heat recovery technology and two new furnace
technologies in North American plants
- Hosting the company’s first international Energy Summit in
Shanghai, China, with 31 participants representing all Corning
businesses in Asia
- Earning recognition from ENERGY STAR industrial partners as a
2019 Top Project winner for Corning Hickory’s Clean Water
Project
- Providing high-tech equipment to help combat harmful algal
blooms (HABs) in the Finger Lakes region of New York state and
sponsoring an annual community meeting to educate the public about
the impact of HABs
- Surpassing $550 million in energy savings for the company since
2006
“I’d like to thank our Global Energy Management teams for their
hard work and dedication that has led to our success and
recognition with ENERGY STAR,” said Patrick Jackson, director of
GEM. “The energy management teams at all Corning facilities
continue to look for new and innovative ways to conserve energy and
water and utilize renewable energy to improve our carbon
footprint.”
Corning is part of a select group of manufacturers among the
businesses and organizations earning ENERGY STAR Partner of the
Year. For a complete list of 2020 winners and more information
about ENERGY STAR’s awards program, visit
energystar.gov/awardwinners.
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 duration and severity of
the recent COVID-19 (coronavirus) outbreak, and its ultimate impact
across our businesses on demand, operations and our global supply
chains; 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
Contact:
Joe Dunning(607) 974-5006dunningjm@corning.com
M. Elizabeth Dann(607) 974-4989dannme@corning.com
Investor Relations Contact:Ann H.S.
Nicholson(607) 974-6716nicholsoas@corning.com
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Links: Sustainability | Preservation | Global Energy
Management | Corning and ENERGY STAR
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