CORNING, N.Y., and WIESBADEN, GERMANY
— Corning Incorporated (NYSE: GLW) announced that
it received a 2019 Volkswagen Group Award from Volkswagen AG (VOW)
at the company’s 17th annual global supplier award ceremony in
Leipzig, Germany, earlier this month.
Corning was recognized with the Global Performance Champion
award, one of six Volkswagen Group Award categories, for its
partnership in supplying particulate filters for high-performance
emissions control.
“Corning is honored to be recognized for its commitment to
Volkswagen Group,” said Steffen Schmid, Volkswagen commercial
account director, Corning Environmental Technologies, who accepted
the award. “We are proud to help Volkswagen solve technology
challenges with innovative and high-quality products as well as
reliable supply to support their ongoing transformation.”
Corning has been partnering with Volkswagen for almost 40 years.
Most recently, Corning developed new products, such as Corning®
DuraTrap® GC gasoline particulate filters and Corning® DuraTrap® AT
HP diesel particulate filters, that support the Volkswagen Group.
The products address tightening regulations in particulate
emissions and are being leveraged in emissions control systems
across many car models in Europe and Asia.
From its global network of more than 40,000 suppliers,
Volkswagen awarded eight companies across the six award categories
at this year’s ceremony. Awards were presented by members of the
Volkswagen Group’s Board of Management, and the Volkswagen and
Volkswagen Components brands.
“We are dedicating the [Volkswagen] Group Award to celebrate and
acknowledge [supplier] achievements and commitment,” said Dr.
Stefan Sommer, group board member for Components and Procurement at
the ceremony. “We would like to thank you and your motivated
employees for the successful cooperation.”
Corning has more than 100 years of experience in the automotive
industry, helping drive the trend toward cleaner, safer, and more
connected vehicles. Building on more than four decades of
leadership in clean-air technologies, Corning continually innovates
its advanced cellular ceramic substrates and ceramic
particulate filters for gasoline and diesel emissions control,
helping customers meet new emissions standards and enable cleaner
air worldwide. Corning is also enhancing vehicle exteriors and
interiors with innovations in automotive glass technology that
enable lightweight, damage-resistant windows and displays with
the sophistication consumers have come to expect from
smartphones.
Caution Concerning Forward-Looking 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 effects of acquisitions, dispositions and other
similar transactions by the Company, the effect of global business,
financial, economic and political conditions; tariffs and import
duties; currency fluctuations between the U.S. dollar and other
currencies, primarily the Japanese yen, New Taiwan dollar, euro,
Chinese yuan, and South Korean won; product demand and industry
capacity; competitive products and pricing; availability and costs
of critical components and materials; new product development and
commercialization; order activity and demand from major customers;
the amount and timing of our cash flows and earnings and other
conditions, which may affect our ability to pay our quarterly
dividend at the planned level or to repurchase shares at planned
levels; possible disruption in commercial activities due to
terrorist activity, cyber-attack, armed conflict, political or
financial instability, natural disasters, or major health concerns;
unanticipated disruption to equipment, facilities, IT systems or
operations; effect of regulatory and legal developments; ability to
pace capital spending to anticipated levels of customer demand;
rate of technology change; ability to enforce patents and protect
intellectual property and trade secrets; adverse litigation;
product and components performance issues; retention of key
personnel; customer ability, most notably in the Display
Technologies segment, to maintain profitable operations and obtain
financing to fund their ongoing operations and manufacturing
expansions and pay their receivables when due; loss of significant
customers; changes in tax laws and regulations including the Tax
Cuts and Jobs Act of 2017; and the potential impact of legislation,
government regulations, and other government action and
investigations.
For a complete listing of risks and other factors, please
reference the risk factors and forward-looking statements described
in our annual reports on Form 10-K and quarterly reports on Form
10-Q. 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.
Web 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, or
supplemental to information contained in this or other press
releases. 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 IncorporatedCorning
(www.corning.com) is one of the world's leading innovators in
materials science, with a more than 165-year track record of
life-changing inventions. Corning applies its unparalleled
expertise in glass science, ceramic science, and optical physics
along with its deep manufacturing and engineering capabilities to
develop category-defining products that transform industries and
enhance people's lives. Corning succeeds through sustained
investment in RD&E, a unique combination of material and
process innovation, and deep, trust-based relationships with
customers who are global leaders in their industries. Corning's
capabilities are versatile and synergistic, which allows the
company to evolve to meet changing market needs, while also helping
our customers capture new opportunities in dynamic industries.
Today, Corning's markets include optical communications, mobile
consumer electronics, display technology, automotive, and life
sciences vessels. Corning's industry-leading products include
damage-resistant cover glass for mobile devices; precision glass
for advanced displays; optical fiber, wireless technologies, and
connectivity solutions for state-of-the-art communications
networks; trusted products to accelerate drug discovery and
delivery; and clean-air technologies for cars and trucks.
Media Relations
Contacts:
United States Agatha
Lutoborski
(607)
248-4320
lutoborsak@corning.com
Europe (Germany)Andrea
Bienko-Osann49-611-7366-6142bienkoa@corning.com
China Cara Xie
86-21-2215-2888XieZ3@corning.com
Investor Relations Contact:Ann H.S. Nicholson
(607) 974-6716 nicholsoas@corning.com
Follow Corning: RSS
Feeds | Facebook | Twitter | YouTube
Corning (NYSE:GLW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Corning (NYSE:GLW)
Historical Stock Chart
From Apr 2023 to Apr 2024