Iris(TM) Glass earns honors for enabling thinner displays
with low-color shift
CORNING, N.Y., May 18, 2016 -
Corning Incorporated's (NYSE:GLW) light-guide plate solution,
Iris(TM) Glass, has received a 2016 Display Component of the Year
award from the Society for Information Display (SID).
The 2016 Display Industry Awards (DIAs) recognized
innovative display products, components, and applications that hold
the most promise for shaping the future of the global display
industry.
Iris(TM) Glass has an ultra-pure glass composition
that enables large size LCD TVs to reach set thicknesses of less
than 5 mm. When combined with the inherent benefits of Corning's
proprietary fusion process, the Iris(TM) Glass composition can
achieve optical performance that matches best-in-class materials
and delivers high transmission and low-color shift.
The industry has historically used polymers as
light-guide plate materials for edge-lit LCD TVs. Iris(TM) Glass
outperforms polymers which can warp and expand when subjected to
heat and humidity, compromising performance.
"The instability of polymers requires
manufacturers to design thicker sets and devices to compensate for
movement," said Andrew Beck, commercial director, Iris(TM) Glass.
"Replacing polymers with glass solves this problem, but standard
glass compositions have not met the optical requirements, until
now."
Corning is well-positioned to address this growth
opportunity in the display industry by leveraging its core
competencies of glass science expertise, proprietary fusion draw
process, and market leadership.
"Our commitment to help our customers stand out in
the marketplace and offer more immersive displays is what drove the
development of Iris(TM) Glass. We are excited to continue this work
and remain at the forefront of the next generation of ultra-slim
displays offered to the market," Beck said.
"We are delighted to award Corning a Display of
the Year Component Award for its glass light-guide plate," said Wei
Chen, SID's Display Industry Awards Committee chairman. "The
Display Industry Awards are SID's highest honor, presented to
recognize the best display products or applications introduced to
the market during the previous calendar year. On behalf of
SID, we would like to commend Corning's ongoing commitment to
innovation and to helping shape the future of display performance
and solutions."
Corning will have two ultra-slim edge-lit LCD
modules featuring Iris(TM) Glass in its booth #929 at SID Display
Week, May 24-26 at the Moscone Convention Center in San
Francisco.
In addition to Corning Iris(TM) Glass, the Corning
booth will feature:
- Corning Lotus(TM) NXT Glass, a glass designed to
endure the high-temperature manufacturing processes required to
make cutting-edge, high-resolution displays;
- Corning® Gorilla® Glass for Automotive Interior
Applications, providing new design possibilities for automotive
interior displays;
- Vibrant Corning®
Gorilla® Glass, a
multicolor, high resolution printing technology with the durability
of Gorilla Glass.
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 the DIA:
The Display Industry Awards (DIA) are the most prestigious awards
in the display industry. Each year since 1995, SID's
international awards committee-comprising a distinguished panel of
display luminaries-has honored the most innovative display
products, components, and applications with the greatest promise of
shaping the future of the display industry. This year's DIAs
will be presented at the SID International Symposium, Seminar and
Exhibition, also known as Display Week 2016-the premier
international gathering of scientists, engineers, manufacturers and
users in the field of electronic information displays.
Display Week 2016 will be held in May in San Francisco,
California. For more information on the DIAs or Display Week
2016, please visit: www.displayweek.org or follow us on LinkedIn,
Facebook and Twitter @DisplayWeek, hashtag #DisplayWeek16.
About SID:
The Society of Information Display (SID) is the only professional
organization focused on the display industry. In fact, by
exclusively focusing on the advancement of electronic-display
technology, SID provides a unique platform for industry
collaboration, communication and training in all related
technologies while showcasing the industry's best new
products. With more than 6,000 members worldwide, the
organization's members are professionals in the technical and
business disciplines that relate to display research, design,
manufacturing, applications, marketing and sales. To promote
industry and academic technology development, while also educating
consumers on the importance of displays, SID hosts more than 10
conferences a year, including Display Week, which brings industry
and academia all under one roof to showcase technology that will
shape the future. SID's global headquarters are located at
1475 S. Bascom Ave., Ste. 114, Campbell, California, 95008. For
more information, visit www.sid.org.
Media Relations
Contacts:
Chelsea
Tracy-Zelko
(607)
974-4450
tracycr@corning.com
Joseph
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 OMX Corporate Solutions on
behalf of NASDAQ OMX 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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