Corning Incorporated (NYSE: GLW) today announced a new category for
its scratch-resistant and durable glass composite products,
Corning® Gorilla® Glass with DX and Corning® Gorilla® Glass with
DX+. The application of this technology to mobile device cameras
enables professional-grade image capture through a unique
combination of advanced optical performance, superior scratch
resistance, and durability.
Since 2010, the number of photos taken globally has increased
from 350 billion to a projected 1.4 trillion per year. And,
consumers regularly cite mobile camera technology as one of the
most important factors in their purchasing decisions.
For mobile device cameras to provide professional-grade image
quality under all lighting conditions, it is critical to maximize
the amount of ambient light captured and minimize all reflection
within the camera systems.
“Antireflective coatings have long been used on conventional
cameras to improve light capture,” said Jaymin Amin, vice president
and general manager, Corning Gorilla Glass. “However, these
coatings have a propensity to scratch easily, negatively impacting
image quality. Corning’s Gorilla Glass composites not only provide
mobile device camera lens covers with enhanced scratch resistance
and durability compared to traditional coatings, but also the
improved optical performance required for these devices.”
Answering consumer demand for high-quality image and video
capabilities, smartphone manufacturers have integrated advanced
functionalities, such as telephoto, wide-angle lenses, and infrared
sensors. To achieve this level of sophistication, the size and
number of cameras on smartphones continue to grow, while the
prominence of the lens surface area has increased notably –
significantly driving the likelihood of scratches and damage
through everyday use.
“We’ve engineered the ideal solution for camera lens covers,”
said Amin. “By capturing 98% of light for the camera lens, our
glass composites augment the full capability of the camera design
and help create high-quality images and videos. Our Gorilla Glass
DX products offer the industry’s best combination of optical
performance and protection for the ultimate consumer
experience.”
Samsung will be the first customer to adopt the Gorilla Glass DX
products for camera lens covers.
Gorilla Glass has been designed into more than 8 billion devices
by more than 45 major brands. Through its Mobile Consumer
Electronics Market-Access Platform, Corning continues its legacy of
innovation with market-leading cover glasses, as well as glass and
optics for semiconductor products that enhance performance, deliver
new connectivity features, enable new designs, and support
immersive user experiences with augmented reality and 3D sensing.
Since 2016, Gorilla Glass DX products have been utilized on more
than 30 million wearable devices and are now being adopted on
mobile camera lens covers.
Caution Concerning Forward-Looking
Statements
The statements contained in this release that are not historical
facts or information and contain words such as “will,” “believe,”
“anticipate,” “expect,” “intend,” “plan,” “seek,” “see,” “would,”
and “target” and similar expressions are forward-looking
statements. These forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 and include estimates and assumptions related to
economic, competitive and legislative developments. Such statements
relate to future events that by their nature address matters that
are, to different degrees, uncertain. These estimates are
subject to change and uncertainty which are, in many instances,
beyond our control. There can be no assurance that future
developments will be in accordance with management’s expectations.
Actual results could differ materially from those expected by us,
depending on the outcome of various factors. We do not undertake to
update forward-looking statements.
Although the Company believes that these forward-looking
statements are based upon reasonable assumptions regarding, among
other things, current estimates and forecasts, general economic
conditions, its knowledge of its business, and key performance
indicators that impact the Company, actual results could differ
materially. The Company does not undertake to update
forward-looking statements. Some of the risks, uncertainties
and other factors that could cause actual results to differ
materially from those expressed in or implied by the
forward-looking statements include, but are not limited to: the
duration and severity of the COVID-19 pandemic, and its impact
across our businesses on demand, operations and our global supply
chains; the effects of acquisitions, dispositions and other similar
transactions; 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; loss of intellectual property
due to theft, cyber-attack, or disruption to our information
technology infrastructure; unanticipated disruption to our supply
chain, 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, to maintain profitable operations and obtain financing to
fund ongoing operations and manufacturing expansions and pay
receivables when due; loss of significant customers; changes in tax
laws and regulations; the impacts of audits by taxing authorities;
the potential impact of legislation, government regulations, and
other government action and investigations; and other risks
detailed in Corning’s SEC filings.
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.
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 uses
its website
(https://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 Incorporated
Corning (www.corning.com) is one of the world's leading
innovators in materials science, with a 170-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, automotive, and life sciences.
Media Relations
Contact: Gabrielle
Bailey
(607)
974-6394 baileygr@corning.com
Jamie Post (607) 974-4843postjl@Corning.com
Investor
Relations Contact:Ann H.S. Nicholson (607) 974-6716
nicholsoas@corning.com
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