CORNING, N.Y.; JUNE 12, 2017 - Corning
Incorporated (NYSE: GLW) has launched its multiuse platform,
the industry's first solution to offer a combination of multifiber
and single-fiber connection points, making it easier for carriers,
operators, and municipalities to quickly deploy fiber-deep access
networks. The multiuse platform will be featured in Corning's booth
#401 at 2017 Fiber Connect, June 12-13 in Orlando, Florida.
Capable of supporting a mix of network
architectures in the same fiber optic backbone, the multiuse
platform is a major advancement for LTE connectivity and a 5G
future.
"With current mobile demand and new wireless
standards on the horizon, the need for easy access and reliable,
secure connectivity will continue to surge," said Bob Whitman, vice
president of market development, Carrier Networks, Corning Optical
Communications. "As the leader in fiber optic networks, we're
expanding our preconnectorized solutions with flexible deployment
options that are cost-effective and future-ready. The multiuse
platform's converged architecture is smaller and offers versatile
components that can be customized to fit a wide variety of
needs."
The multiuse platform includes:
- A new local convergence cabinet that is
significantly smaller and lighter than standard industry offerings.
These cabinets house a variety of splitter types and accommodate
pass-through fibers, making them easy to deploy across every
network connection point. Plus, they enable a fully preterminated
experience in the distribution network, eliminating the need for
costly, disruptive field work. Technicians simply plug in feeder
and distribution cables with factory-installed hardened connectors
- meaning no field splicing is required from the cabinet out.
- An expanded array of factory-installed, sealed
network access points with single-fiber and multifiber options.
Enabling fast, plug-and-play connectivity, these products now allow
network operators to deliver a tailored mix of fiber counts for
residential, business, wireless backhaul, and wholesale purposes -
all from the same network location.
By eliminating splice points and offering an
innovative plug-and-play cabinet, the multiuse platform's benefits
include up to 50 percent savings in labor costs compared with
field-termination methods, plus the assurance of factory-terminated
performance. Furthering the value of traditional preconnectorized
solutions, the new multiuse platform reduces total installed cost
by up to 20 percent.
"Committed to enabling a world where everyone has
access to broadband connectivity, Corning continuously invests in
R&D to innovate technology that addresses customer challenges
including speed of deployment, labor costs, performance, and
network future-readiness," Whitman said.
Corning is the leader in optical fiber, cable, and
connectivity solutions. Since ushering in the communications
revolution with the invention of low-loss optical fiber more than
four decades ago, we continue to leverage our core technologies,
manufacturing assets, and close customer collaborations to deliver
innovations that increase speed and capacity, while reducing
installation costs, for next-generation networks.
Since 2004, Corning's preterminated products
including the FlexNAP(TM) system and
OptiTip® connector
have enabled mass deployment of fiber to the home. Today, Corning's
solutions have passed more than 35 million homes worldwide.
Also at Fiber Connect, Corning will highlight its
end-to-end solutions, from the central office to the subscriber
premises. Additionally, Corning experts will speak in technical
forums about the short- and long-term benefits of optical fiber in
access networks.
Among the Corning experts will be Kevin Bourg,
optical network architect for Corning Optical Communications, who
will present "Network Convergence of Carrier Services" at 9:45 a.m.
on June 12. Bourg will demonstrate how a single converged fiber
network supporting both wireline and wireless operations can
deliver a 15-50 percent cost savings to operators.
Forward-Looking and Cautionary
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 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 Corning's filings with the Securities and
Exchange Commission. 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.
Digital Media
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 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 Corning
Incorporated
Corning (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.
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
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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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