Company Offers Technology Solutions in Three Sectors
SHANGHAI, Sept. 14 /PRNewswire-Asia/ -- Corning Incorporated (NYSE: GLW) announced on September 11 that it has become a corporate partner of the China Greentech Initiative (CGTI), contributing to green industry opportunities, including clean energy, green buildings, and cleaner transportation. Corning demonstrated both existing and emerging technologies prior to the official opening of this important industry collaboration that began on September 10 in Dalian.
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Corning technology is helping to improve the air quality in China by reducing mobile emissions. Corning manufactures and develops advanced ceramic substrates and diesel particulate filters that help meet the country's demanding mobile emissions requirements. Corning invented an economical,
high-performance, cellular ceramic substrate in the early 1970s that is now the standard for catalytic converters worldwide. In 1978, Corning developed the cellular ceramic particulate filter to remove soot from diesel emissions. In 2001, Corning began shipping light-duty substrates to the automotive market from Corning Shanghai Company, Ltd. (CSCL) in Shanghai, China.
Corning's equity company, Cormetech, is also an enabler of clean energy in China. Cormetech is a leading producer of titania-based ceramic honeycomb catalysts for NOx emissions control. These catalysts are used in coal-fired power plants helping to reduce air pollution. Cormetech is owned by Corning and Mitsubishi.
Corning is also making a remarkable effort to develop renewable energy by investing in photovoltaic glass and leveraging its expertise in specialty glass, semiconductor technology and fiber optics (light management). There are significant green opportunities in China and Corning is working to address the increasing market demand for improved solar technologies that offer lightweight form factors and higher conversion efficiency at reduced cost.
Used in green buildings across China today, Corning telecommunications solutions using optical fiber offer significant environmental benefits when compared to copper, considering fiber's reduced power consumption that ultimately leads to reduced CO2 emissions. Corning's newly launched data center solutions allow for up to 35 percent faster deployment and improved overall airflow, reducing energy costs with respect to the size of the space allotted for the equipment. The solution products are packaged in up to 60 percent recycled material, and the packaging is 100 percent recyclable.
Eric S. Musser, chief executive officer of Corning Greater China said, "As the world leader in specialty glass and ceramics, Corning is proud to be a part of the China Greentech Initiative. Through sustained investment in innovation for more than 150 years, Corning has created key components that enable high-technology systems for emissions control, green buildings and cleaner energy. As we continue to build our presence in China, we are committed to leveraging our materials science and process engineering expertise to provide green solutions that can improve the quality of life for the people of China."
Thomas H. Lynch, strategy and business development director of Corning Greater China stated, "The China Greentech Initiative has come along at just the right time to provide a vehicle for dialogue on green technology solutions in China. CGTI has involved stakeholders from all sectors of industry, government, and NGOs that care about improving the environment while enabling the continued impressive economic growth of China. The CGTI forum is a great opportunity for Corning to introduce some of our green technologies in a way that is most helpful to China and we are pleased to be a part of it."
About CGTI
The China Greentech Initiative (CGTI) is a commercial collaboration of over 80 of the world's leading green technology companies, entrepreneurs, investors, NGOs and policy advisors. The China Greentech Report is in keeping with CGTI's mission: to create, uncover and promote greentech opportunities in China. The report highlights greentech solutions, emerging and existing, that hold the potential to mitigate greatly the impact of economic development on China's natural environment and offer potential for solution providers and adopters.
About Corning Incorporated
Corning Incorporated (http://www.corning.com ) is the world leader in specialty glass and ceramics. Drawing on more than 150 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy and metrology.
