|CORNING, N.Y., May 29, 2012 – Corning Incorporated (NYSE: GLW) announced today that Corning® Gorilla® Glass 2, the next generation of the company’s widely accepted cover glass, has been designed into the new Samsung GALAXY S III smartphone. This improved glass was first revealed at the Consumer Electronics Show held in Las Vegas earlier this year.
Corning Gorilla Glass 2 enables up to a 20 percent reduction in glass thickness, while maintaining the industry-leading scratch and damage resistance that consumers demand. Samsung Electronics equipped the GALAXY S III with a 4.8-inch HD Super AMOLED display. Corning Gorilla Glass 2 enables the device’s slim and sleek design, and helps protect the device display from scratches and bumps.
Hankil Yoon, senior vice president of global product strategy, Samsung Electronics, said, “Following Samsung and Corning’s successful cooperation on the previous GALAXY S series smartphones, we are pleased to offer our customers the thin elegance and refined style of the GALAXY S III using Corning Gorilla Glass 2. New Corning Gorilla Glass 2 is an ideal solution for Samsung’s high-quality smartphones, enabling a superior touch experience and a lightweight and slim design, with the damage and scratch resistance consumers have come to expect.”
Haeng-Hee (HH) Lee, president and general manager of Corning Korea Company, Ltd. added, “We are excited about the introduction of Corning Gorilla Glass 2 because it provides device makers with numerous design benefits without sacrificing toughness. With Corning Gorilla Glass 2, Samsung GALAXY S III customers will enjoy an enhanced smartphone experience.”
First introduced in 2007, Corning Gorilla Glass set the industry standard for damage-resistant cover glass. Today it is the most widely deployed cover glass, used by more than 30 major brands and designed into more than 750 product models, spanning over 750 million units worldwide. For further information about Corning Gorilla Glass, please visit www.corninggorillaglass.com.
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 or financial instability, natural disasters, adverse weather conditions, 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; retention of key personnel; 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 Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2011 consolidated sales of US$143.1 billion. Employing approximately 206,000 people in 197 offices across 72 countries, the company operates two separate organizations to coordinate its nine independent business units: Digital Media & Communications, comprising Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, and Digital Imaging; and Device Solutions, consisting of Memory, System LSI and LED. Recognized for its industry-leading performance across a range of economic, environmental and social criteria, Samsung Electronics was named the world’s most sustainable technology company in the 2011 Dow Jones Sustainability Index. For more information, please visit www.samsung.com.
About Corning Incorporated
Corning Incorporated (www.corning.com) is the world leader in specialty glass and ceramics. Drawing on more than 160 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.
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