CORNING, N.Y., March 14,
2017 - Corning Incorporated
(NYSE:GLW) today announced that it was recently recognized by the
2017 Lightwave Innovation Reviews for its MiniXtend®
cable with binderless* FastAccess®
technology.
Presented annually by Lightwave, the Lightwave
Innovation Reviews program distinguishes top products and solutions
available within the optical networking industry as determined by a
panel of third-party judges. Judges include industry executives and
analysts from a wide variety of service providers, technology
developers, industry analysts, and journalists.
The recognized MiniXtend cables combine Corning's
micro cabling solution with its time-saving binderless FastAccess
technology. Designed for installation in microduct systems using
air-assisted installation methods, the cables are up to 50 percent
smaller than standard loose-tube cables and offer high fiber counts
in a small footprint. FastAccess technology is a groundbreaking
innovation in cable design that eliminates the use of a binder,
waterblocking yarns, and waterblocking tapes. It also enables up to
70 percent faster cable access and reduced risk of buffer tube
damage.
"On behalf of the Lightwave Innovation Reviews, I
would like to congratulate Corning on their score," said Rob
Stuehrk, Lightwave Group publisher. "The judges noted the
MiniXtend cable's small diameter was particularly noteworthy and
beneficial to users. And, one of the judges commented that
duct space is rapidly vanishing, in no small part because
installing new duct is becoming cost - and regulation -
prohibitive. The ability to fit 144 fibers into 8.1mm bodes well
for the MiniXtend cable and, of course, for the organizations that
use it."
"Corning has once again developed a notable
product that facilitates installation in this growing market, and
Lightwave is proud to have played a part in its recognition,"
Stuehrk added.
"We are excited to receive this honor, and
especially proud that such a distinguished panel of judges
recognizes the value our MiniXtend cable provides," said John Igel,
vice president and general manager, Corning Optical Fiber and
Cable. "We look forward to providing our customers with even more
groundbreaking products, helping to address the tough challenges
they see daily."
Corning will highlight its latest fiber and
cabling innovations, including the newest enhancement to the
award-winning MiniXtend product family and FastAccess technology
portfolio, at the 2017 Optical Networking and Communication
Conference & Exhibition (OFC), March 21-23 in Los Angeles.
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.
About Lightwave
For more than 30 years, Lightwave
(www.lightwaveonline.com) has delivered trusted technical,
application and business insights to senior-level decision makers
for optical communications worldwide. Lightwave serves technology
vendors, communications carriers and major enterprises with a
complete and nuanced picture of the optical communications business
environment. Lightwave is a valued information source for
information related to FTTx, networking, equipment design, MSO
optics, and test and measurement for corporate executives,
department heads, project managers, network engineers and others
making strategic decisions that are critical to the success of
their businesses. Lightwave is a unit of PennWell
Corporation.
About the 2017 Lightwave Innovation
Reviews
The Lightwave Innovation Reviews is
in its fourth year of recognizing and celebrating the industry's
most unique products and solutions that help optical communications
professionals worldwide drive improvements and innovation in
optical technology. Executives at Ciena, Intel, Lumentum,
LightCounting Market Research, and Adva were among the third-party
judges for the 2017 Innovation Reviews. Criteria used in the
Innovation Reviews rankings include, first and foremost, unique
technology or application thereof, innovation, ease of use,
efficiency, reliability and contribution to profitability.
*Corning's proprietary binderless
FastAccess technology refers to the combination of a Corning
FastAccess technology jacket with an innovative technology used to
bind cable construction through the manufacturing process
eliminating the use of binder yarns and waterblocking tapes to
greatly expedite and de-risk the cable access procedure.
Corning Optical Communications
Contact:
Justin
Nicolette
(828)
901-6994
nicolettj@corning.com
Media Relations
Contact:
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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