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Corning Launches New EAGLE XG(R) Slim LCD Glass Substrates

2010-06-09 11:51 1332

Enabling thinner, sleeker display devices

CORNING, N.Y., June 9 /PRNewswire-Asia/ -- Corning Incorporated (NYSE: GLW) announced the commercialization of EAGLE XG(R) Slim, a new line of thin glass substrates, at Display Taiwan 2010 in Taipei, Taiwan on June 9. While the initial focus is on enabling lighter-weight portable devices - with glass sizes up to Generation 5 at 0.4 mm thick -- Corning will add more gen sizes and thicknesses to the line to support larger applications like LCD TV.

(Logo: http://www.prnasia.com/sa/200708141205.jpg )

"As the first to supply commercial volumes of 0.5 mm glass and now 0.4 mm glass, Corning is pleased to apply its technology leadership to help enable the industry's continued advancement," said James P. Clappin, president, Corning Display Technologies. "EAGLE XG Slim glass will allow device makers to reduce costs and provide a greener product while creating the sleek, multifunctional devices consumers desire."

Currently, most panel makers begin with 0.5 mm thick substrates for portable devices, and then employ a costly thinning process that uses chemicals to reduce the thickness of the glass. Corning's proprietary fusion process forms thin glass of pristine surface quality, ready to use as-formed. Thin input glass requires no additional panel thinning to achieve weight and thickness targets. Benefits include a lower total cost, a simplified supply chain, and reduced energy consumption.

Additionally, the new substrates will leverage the award-winning EAGLE XG(R) composition, the industry's most environmentally friendly glass substrate, making devices even more recyclable.

Corning will produce EAGLE XG Slim at its plants in Asia, utilizing its worldwide supply chain. Samsung Corning Precision Materials Co., Ltd will also supply the product line to customers in Korea.

Moving forward, Corning plans to develop 0.3 mm substrates for glass sizes that support portable electronic devices and to broaden the line to include gen sizes that support TVs and other large displays.

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 instability 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; 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.

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.

Source: Corning Incorporated
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