Belden and Corning Optical Communications RF LLC to Collaborate on Global, Broadband Connectivity Technology
January 11 2017 - 9:00AM
Business Wire
PPC Broadband Inc. (“PPC”), a Belden brand (NYSE:BDC), and
Corning Optical Communications RF LLC, a subsidiary of Corning
Incorporated (NYSE:GLW), are pleased to announce an important
technical collaboration in the broadband connectivity field.
This global technical collaboration encompasses a range of
connectivity inventions, and creates broader availability of
connectivity solutions for system operators worldwide. The
agreement resolves pending patent infringement and related
proceedings between the companies involving Corning’s EFC series of
coaxial cable connectors. The specific terms of the agreement are
confidential.
“This technical collaboration recognizes the value of
intellectual property covering our innovative connectivity
technology and expands our commitment to the industry as our
customers build advanced networks to meet the future needs of
broadband,” said Dave Jackson, president of PPC. “The technology
improves the reliability and efficiency of broadband communication
networks, thus enabling advanced service offerings.”
“We are pleased to have reached an agreement on what we expect
to be a long-term technical collaboration with the PPC team on this
interconnect technology,” said Mike Bell, senior vice president and
general manager, Optical Connectivity Solutions, Corning Optical
Communications. “We expect the macro trends enabling the growth of
this technology to continue in the future, as bandwidth intensity,
cloud computing, and the number of devices connected to the
internet continue to grow exponentially.”
Forward-Looking and Cautionary 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 Belden’s and
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 Belden’s and Corning’s filings with the
Securities and Exchange Commission. Forward-looking statements
speak only as of the day that they are made, and Belden and Corning
undertake no obligation to update them in light of new information
or future events.
Digital Media DisclosureIn 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 PPC – a Belden BrandWith more patents in connector
technology than any other company worldwide, PPC has pioneered many
of the advancements available in the broadband industry today and
is a proven leader in the design and manufacture of connector
technology for the telecommunications and satellite industries
around the globe. Headquartered in East Syracuse, N.Y., PPC also
has locations in Denmark, St. Kitts, and China. More information is
available at www.ppc-online.com.
About Corning IncorporatedCorning (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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170111005260/en/
Belden Inc.Media Relations Contact:Michelle Foster,
314-854-8006Michelle.Foster@Belden.comorCorning IncorporatedMedia
Relations Contact:Joseph Dunning,
607-974-5006dunningjm@corning.com
Corning (NYSE:GLW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Corning (NYSE:GLW)
Historical Stock Chart
From Sep 2023 to Sep 2024