Future-ready design of Corning's EDGE8(TM) solutions
recognized in Asia Pacific Best Practices Awards
CORNING, N.Y.; AUGUST 15, 2018 - Corning
Incorporated (NYSE: GLW) announced today that its Optical
Communications division has received Frost & Sullivan's 2018
APAC Data Center Enabling Technology Leadership Award.
Presented at the 2018 Frost & Sullivan Asia
Pacific Best Practices Awards in Singapore, the award recognizes
Corning for its market-leading innovation of data center cabling
infrastructure designed to offer a competitive advantage and
minimize costs for data center operators.
The Frost & Sullivan judging panel evaluated
nominees based on four benchmarking criteria: commitment to
innovation, commercialization success, customer ownership
experience, and brand equity. The Technology Leadership Award
recognizes Corning for supporting enterprise, multi-tenant,
hyperscale, and cloud data center clients with solutions that
ensure data centers can be future-ready to support all network
architectures and speeds to 400G, and seamlessly stay ahead of
future demands.
The award acknowledges Corning's longstanding
expertise and innovation in data center solutions, including
Corning EDGE8(TM), the industry's first tip-to-tip, pre-terminated
optical cabling system to feature a future-ready Base-8
design. To date, EDGE8 has won at least eight awards
worldwide. The judges also highlighted Corning's RocketRibbon(TM)
extreme-density cable, a next-generation ribbon cable introduced
this year that delivers up to 30 percent faster installation with
twice the fiber density of existing central and stranded tube
cables.
"Corning Optical Communications has demonstrated
strong innovation in the data center infrastructure segment," said
Nishchal Khorana, director, Digital Transformation, Frost &
Sullivan. "The company has focused on offering a seamless migration
path to significantly higher bandwidth and enabling lower total
cost of ownership. By developing solutions that are well-aligned
with the need for effective data center operations and addressing
the core needs of enterprise clients and cloud providers, Corning
Optical Communications has achieved significant success."
"We are honored to be recognized by Frost &
Sullivan as the leader in delivering enabling technologies for data
centers in the Asia-Pacific market," said Kim Hartwell, senior vice
president and chief commercial officer for Corning Optical
Communications. "This best-practice award acknowledges Corning's
longstanding expertise in solving the unique challenges of data
centers, particularly the need for future-ready
infrastructure."
The global footprint of Corning Optical
Communications includes locations throughout Asia-Pacific,
including Australia, China, Hong Kong, India, Japan, South Korea,
and across southeast Asia. Corning serves data center clients
across manufacturing, education, government, IT, and financial
services, as well as enterprise verticals.
For more information on Corning data center
solutions, visit
https://www.corning.com/worldwide/en/products/communication-networks/applications/data-center.html.
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.
About Frost &
Sullivan
Frost & Sullivan (www.frost.com), the Growth Partnership
Company, works in collaboration with clients to leverage visionary
innovation that addresses the global challenges and related growth
opportunities that will make or break today's market participants.
For more than 50 years, Frost & Sullivan has been developing
growth strategies for the global 1000, emerging businesses, the
public sector and the investment community.
Media Relations
Contacts:
Justin Nicolette
(828) 901-6994
nicolettj@corning.com
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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This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions 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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