Corning and Altechna R&D Pursue New Laser Glass Processing Technologies
February 09 2016 - 04:30PM
CORNING, N.Y., February 9, 2016
- Corning Incorporated (NYSE: GLW) and Altechna R&D
(Workshop of Photonics) today announced that, effective Feb. 4,
2016, they have entered into a joint development agreement to
develop new laser glass processing technologies.
"The emerging opportunities for ultra-strong,
ultrathin, and ultraclean glass processing solutions, along with a
need for greater glass processing efficiencies, are driving the
demand for laser processing technologies. We believe this strategic
relationship with Workshop of Photonics will enhance our ability to
deliver innovative laser processing solutions for glass," said
Michael Müller, managing director of Corning Laser
Technologies.
"This strategic partnership with the global
specialty glass production leader is recognition of the unique
glass processing laser technology developed by Workshop of
Photonics," said Gintas Šlekys, board chairman of Altechna R&D
(Workshop of Photonics). "We see this as a great opportunity to
grow alongside Corning Incorporated by providing laser application
R&D services."
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
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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 Workshop of
Photonics
Workshop of Photonics (www.wophotonics.com) is an Altechna R&D
brand dedicated to laser micromachining solutions. The company
specializes in a number of fields ranging from feasibility studies
to laser micromachining workstations and state of the art
technological solutions for industry applications. Since 2007
Workshop of Photonics has been heavily investing and carrying out
extensive research and development in the field of femtosecond
laser micromachining. The company most closely works with
semiconductor, medical, photovoltaic and other industry players.
Workshop of Photonics follows the open innovation culture and
relies on a vast network of laser sector companies, universities
and worldwide partners to find new applications and growth
avenues.
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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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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