Corning Unveils Corning Lotus(TM) Glass for High-Performance Displays

Date: 27 October 2011
New composition enables OLED and next generation liquid crystal displaysCORNING, N.

Y., Oct 25, 2011 (BUSINESS WIRE) -- Corning Incorporated /quotes/zigman/223221/quotes/nls/glw GLW +8.85% announced the commercial launch of Corning Lotus(TM) Glass, an environmentally friendly, high-performance display glass developed to enable cutting-edge technologies, including organic light-emitting diode (OLED) displays and next generation liquid crystal displays (LCD). The company made the announcement at FPD International, an industry trade show in Pacifico Yokohama, Japan, on Oct. 26.

Corning Lotus Glass helps support the demanding manufacturing processes of both OLED and liquid crystal displays for high performance, portable devices such as smart phones, tablets, and notebook computers.

Corning formulated Corning Lotus Glass to perform exceptionally well in low-temperature poly-silicon (LTPS) and oxide thin-film transistor (TFT) backplane manufacturing environments.

"Corning Lotus Glass has a high annealing point that delivers the thermal and dimensional stability our customers require to produce high-performance displays," said Andrew Filson, worldwide commercial director, Display Technologies, and vice president, Corning Holding Japan GK. "Because of its intrinsic stability, it can withstand the thermal cycles of customer processing better than conventional LCD glass substrates. This enables tighter design rules in advanced backplanes for higher resolution and faster response time."

The thermal consistency of Corning Lotus Glass allows it to retain its shape and surface quality during high-temperature processing. This helps guard against thermal sag and warp, which improves the integration of components onto the glass.

Corning Lotus Glass has been qualified and is in production.

Produced using Corning's proprietary fusion process, Corning Lotus Glass offers the advantages of the company's other industry-leading glass substrates -- including a pristine surface and advanced thickness control.

The end result is a thin, portable display device that consumes less power while delivering superior picture quality.

"Corning will continue to develop innovative glass compositions to enable the high-performance displays that will drive tomorrow's consumer electronics," Filson said.

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 Corning Incorporated

Corning Incorporated ( ) is the world leader in specialty glass and ceramics. Drawing on 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.

SOURCE: Corning Incorporated

600450 Corning Unveils Corning Lotus(TM) Glass for High-Performance Displays

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