New flagship cover glass takes tough to new
heights
while maintaining leadership in optical clarity, touch sensitivity,
and damage resistance
CORNING, N.Y., July 20, 2016
- Corning Incorporated (NYSE:GLW) today unveiled its latest
breakthrough innovation - Corning®
Gorilla® Glass 5.
Responding to consumers' No. 1 issue with mobile devices, the new
cover glass is designed to provide further protection against
breakage from everyday drops. Rigorous lab tests show that Gorilla
Glass 5 survives drops onto rough, unforgiving surfaces up to four
times better than competitive glass designs.
The unique attributes of Gorilla Glass 5 build on
the best-in-class performance of previous generations of Corning
Gorilla Glass. Mobile devices are the primary tools consumers use
to capture, view, create, send and consume digital content, and the
cover glass is the interface for touching, typing and swiping that
content. Consumers count on their cover glass to deliver damage
resistance, optical clarity, touch sensitivity, and protection from
drops.
Gorilla Glass 5
Delivers
According to a recent global study*, over 85% of smartphone owners
have dropped their phones at least once per year and 55% have
dropped their phones three times or more. Additionally, more than
60% of smartphone owners reported dropping their devices between
shoulder and waist height.
"With each successive generation of Corning
Gorilla Glass, we have taken cover glass technology to new levels.
Gorilla Glass 5 is no exception, extending Corning's advantage in
drop performance over competitive glasses," said John Bayne, vice
president and general manager, Corning Gorilla Glass. "With many
real-world drops occurring from between waist and shoulder height,
we knew improving drop performance would be an important and
necessary advancement."
In lab tests, Corning Gorilla Glass 5 survives up
to 80 percent of the time when dropped face-down from 1.6 meters
onto rough surfaces, far outperforming competitive glass
designs.
Leveraging its strengths in glass science and
fusion manufacturing, Corning leads the cover glass industry it
created nearly 10 years ago. Corning Gorilla Glass has been used on
more than 4.5 billion devices worldwide, including more than 1,800
product models across 40 major brands. Gorilla Glass 5 will allow
manufacturers to provide the ultimate in high-resolution,
touch-enabled devices.
"Corning has a 165-year history of delivering
life-changing innovations," Bayne said. "Gorilla Glass 5 is the
latest example of Corning applying its material-science expertise
to solve tough consumer challenges in a way that impacts people's
everyday lives.
Corning Gorilla Glass 5 is commercially available and is expected
to be on product models from leading global brands later this
year.
* Numbers noted are averages of an 11-country
study of global smartphone users, based on Toluna's
Quicksurvey panel. Countries included the U.S., Brazil, the U.K.,
France, Germany, Italy, Turkey, India, Russia, China, and
Indonesia. Collectively, these countries represent 3.9 billion
people, or 54% of the world's population.
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:
Anna I. Giambrone
(607) 974-5933
giambronai@corning.com
Beth
Dann
(607)
974-4989
dannme@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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