Corning Incorporated (NYSE: GLW) today
announced that Samsung Electronics Co., Ltd. will use Corning®
Gorilla® Glass Victus® 2 as part of their next generation of Galaxy
flagship smartphones. Gorilla Glass Victus 2’s new glass
composition delivers improved drop performance on rough surfaces
like concrete, while preserving the scratch resistance of Corning®
Gorilla® Glass Victus®.
“Today’s consumers expect damage-resistant smartphone displays,”
said David Velasquez, vice president and general manager, Gorilla
Glass. “For more than a decade, Gorilla Glass has met the needs of
smartphone users, setting the standard for tough cover materials.
We are proud to continue our long partnership with Samsung and have
our latest innovations play a vital role in Samsung’s newest Galaxy
smartphones.”
“We’re committed to integrating sustainability throughout our
product lifecycle, working with like-minded partners such as
Corning to improve performance while reducing our environmental
impact,” said Stephanie Choi, executive vice president and chief
marketing officer, Mobile eXperience Business, Samsung Electronics.
“Our next generation of Galaxy flagship smartphones are the first
devices to use Corning® Gorilla® Glass Victus® 2, offering better
durability and improved sustainability at the same time.”
Gorilla Glass Victus 2 launched in November 2022. By better
surviving drops on rough surfaces like concrete, the world’s most
abundant engineered material, it redefines tough for consumers and
OEMs. Gorilla Glass Victus 2 puts a focus on the environment and
has achieved an Environmental Claim Validation for containing an
average of 22% pre-consumer recycled content, as validated by
Underwriters Laboratories (UL). (Products bearing the UL
Environmental Claim Validation Mark undergo routine audits and
testing to retain their status.)
Gorilla Glass has been designed into more than eight billion
devices by more than 45 major brands. With Gorilla Glass Victus 2,
Corning’s Mobile Consumer Electronics business continues a legacy
of innovation that includes market-leading cover glasses as well as
glass and optics for semiconductor products, which enhance
performance, deliver new connectivity features, and support
immersive user experiences with augmented reality and 3D
sensing.
Caution Concerning Forward-Looking
Statements
The statements contained in this release that are not historical
facts or information and contain words such as “will,” “believe,”
“anticipate,” “expect,” “intend,” “plan,” “seek,” “see,” “would,”
and “target” and similar expressions are forward-looking
statements. These forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 and include estimates and assumptions related to
economic, competitive and legislative developments. Such statements
relate to future events that by their nature address matters that
are, to different degrees, uncertain. These estimates are subject
to change and uncertainty which are, in many instances, beyond our
control. There can be no assurance that future developments will be
in accordance with management’s expectations. Actual results could
differ materially from those expected by us, depending on the
outcome of various factors. We do not undertake to update
forward-looking statements.
Although the Company believes that these forward-looking
statements are based upon reasonable assumptions regarding, among
other things, current estimates and forecasts, general economic
conditions, its knowledge of its business, and key performance
indicators that impact the Company, actual results could differ
materially. Some of the risks, uncertainties and other factors that
could cause actual results to differ materially from those
expressed in or implied by the forward-looking statements include,
but are not limited to: the duration and severity of the COVID-19
pandemic, and its impact across our businesses on demand,
personnel, operations, our global supply chains and stock price;
global economic trends, competition and geopolitical risks, or an
escalation of sanctions, tariffs or other trade tensions , and
related impacts on our businesses' global supply chains and
strategies; changes in macroeconomic and market conditions, market
volatility, interest rates, capital markets, the value of
securities and other financial assets, precious metals, oil,
natural gas and other commodities and exchange rates (particularly
between the U.S. dollar and the Japanese yen, new Taiwan dollar,
euro, Chinese yuan and South Korean won), consumer demand, and the
impact of such changes and volatility on our financial position and
businesses; product demand and industry capacity; competitive
products and pricing; availability and costs of critical
components, materials, equipment, natural resources and utilities;
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; disruption to Corning's, our
suppliers' and manufacturers' supply chain, logistics, equipment,
facilities, IT systems, operations or commercial activities due to
terrorist activity, cyber-attack, armed conflict, political or
financial instability, natural disasters, international trade
disputes or major health concerns; loss of intellectual property
due to theft, cyber-attack, or disruption to our information
technology infrastructure; effects of acquisitions, dispositions
and other similar transactions; effect of regulatory and legal
developments; ability to pace capital spending to anticipated
levels of customer demand; our ability to increase margins through
implementation of operational changes, pricing actions and cost
reduction measures without impacting revenues; rate of technology
change; ability to enforce patents and protect intellectual
property and trade secrets; adverse litigation; product and
components performance issues; attraction and retention of key
personnel; customer ability to maintain profitable operations and
obtain financing to fund ongoing operations and manufacturing
expansions and pay receivables when due; loss of significant
customers; changes in tax laws, regulations and international tax
standards; the impacts of audits by taxing authorities; the
potential impact of legislation, government regulations, and other
government action and investigations; and other risks detailed in
Corning’s SEC filings.
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.
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
(https://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 170-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
its customers capture new opportunities in dynamic industries.
Today, Corning's markets include optical communications, mobile
consumer electronics, display, automotive, solar, semiconductors,
and life sciences.
Media Relations
Contact:
Meredith Hoing(202) 774-0799hoingmj@corning.com
Jamie Post(607) 974-4843Postjl@corning.com
Investor Relations Contact: Ann H.S. Nicholson
(607) 974-6716 nicholsoas@corning.com
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