Corning Wins Two Major Awards for EAGLE XG(TM)

2007-05-15 12:16 701

Environmentally friendly glass substrate honored by industry

CORNING, N.Y. /Xinhua-PRNewswire/ -- Corning Incorporated (NYSE:GLW) announced today that its EAGLE XG(TM) glass substrates have been honored with two major industry awards: an Advanced Display of the Year (ADY) award and the Display Component of the Year award from the Society for Information Display (SID). EAGLE XG is the first LCD substrate to contain no added heavy metals such as arsenic, antimony and barium. It is also free of halides, such as chlorine, fluorine and bromine, making it the most environmentally friendly LCD glass on the market.

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The ADY contest recognizes excellent products in the field of flat panel display. EAGLE XG was the Grand Prize winner in the Display Components and Materials category. The award presentation ceremony took place at FINETECH (the world’s largest trade show in the FPD industry), held in Tokyo in April.

The SID Display Component of the Year Award is granted for a novel component that significantly enhances the performance of a display, and EAGLE XG was the Gold Award winner in that category. The award will be presented at SID Display Week 2007 on May 23 in Long Beach, California, USA.

“We are honored that Corning is receiving recognition throughout the industry for our new glass, which was developed to help our customers be prepared for tightening environmental regulations,” said James P. Clappin, president of Corning Display Technologies. “Since its introduction in early 2006, EAGLE XG has exceeded even our own high expectations, gaining rapid acceptance worldwide.”

EAGLE XG(TM) offers the same high level of performance as Corning’s EAGLE2000(C) glass substrates, which won an ADY award in 2001. “In addition to meeting very tight specifications for surface quality and attributes, EAGLE XG sets a new industry standard as the most environmentally friendly TFT-LCD substrate available anywhere,” said Clappin.

About Corning Incorporated

Corning Incorporated ( ) 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.

Forward-Looking and Cautionary Statements

This press release contains forward-looking statements that involve a variety of business risks and other uncertainties that could cause actual results to differ materially. These risks and uncertainties include the possibility of changes in global economic and political conditions; currency fluctuations; product demand and industry capacity; competition; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; changes in the mix of sales between premium and non-premium products; new plant start-up 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. Additional risk factors are identified 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.

Source: Corning Incorporated