Thomson Reuters 14-Jan-2019 4:32 PM
Newest Corning Gorilla Glass for Automotive Interiors solutions widen the design window to reliably and economically enable next-generation trends
CORNING, N.Y.; JANUARY 14, 2019 - Corning Incorporated (NYSE: GLW) introduced two new auto interior glass solutions to customers at last week's 2019 Consumer Electronics Show® (CES) in Las Vegas. As automakers respond to consumer demand for more integrated and interactive displays, Corning's new Gorilla Glass for Automotive Interiors solutions are designed to address these trends, delivering the highest product performance and superior system economics.
"Consumers want a more connected and immersive driver experience in the cockpit. Automakers are responding by deploying displays that are larger, longer, shaped, and more integrated," said Michael Kunigonis, vice president and general manager, Corning Automotive Glass Solutions. "As a result, an auto-specific use-case has emerged to address these trends and to challenge today's incumbent cover materials, which can fail up to one-in-three times during industry reliability tests, increasing supply chain costs."
Kunigonis said that is why Corning scientists developed the industry's first two AutoGrade(TM) cover glass solutions for auto interiors, in two-dimensional (2D) and three-dimensional (3D) formats. The 2D cover glass is optimized to pass industry reliability tests (using Corning's system-level design guidelines) 99% of the time, while preserving its authentic feel, superior durability, and advantaged optics for flat applications. Corning's 3D glass was developed for shaped or curved applications. It delivers the same reliability performance, when bent to shape, as the 2D cover glass.
"One of the most striking attributes of Gorilla Glass for Automotive Interiors 3D is its ability to bend at room temperature, precisely covering the curved surfaces in modern auto interiors without compromising the reliability of the cover glass," said Fabio Salgado, commercial director, Corning Automotive Glass Solutions.
Corning's proprietary ColdForm(TM) technology reduces shaped cover-glass part costs by up to 40% versus comparable hot-formed parts while sustaining exceptional optical performance and delivering AutoGrade(TM) reliability.
"We've been extremely pleased with manufacturer interest in Gorilla Glass for Automotive," said Kunigonis. "More than 50 new models representing over 25 automakers around the world are designing our glasses into their vehicles, and last week we had an outstanding automotive industry response to our newest innovations."
AutoGrade(TM) Corning Gorilla Glass for Automotive Interiors 2D and 3D will be available for mass production in 2019, with automakers already working it into their designs for the 2020 model year.
Caution Concerning Forward-Looking 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 effects of acquisitions, dispositions and other similar transactions by the Company, the effect of global business, financial, economic and political conditions; tariffs and import duties; currency fluctuations between the U.S. dollar and other currencies, primarily the Japanese yen, New Taiwan dollar, euro, Chinese yuan, and South Korean won; product demand and industry capacity; competitive products and pricing; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; possible disruption in commercial activities due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, or major health concerns; unanticipated disruption to equipment, facilities, IT systems or operations; effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; rate of technology change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and components performance issues; retention of key personnel; customer ability, most notably in the Display Technologies segment, to maintain profitable operations and obtain financing to fund their ongoing operations and manufacturing expansions and pay their receivables when due; loss of significant customers; changes in tax laws and regulations including the Tax Cuts and Jobs Act of 2017; and the potential impact of legislation, government regulations, and other government action and investigations.
For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q. 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.
In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated ("Corning") wishes to notify investors, media, and other interested parties that it uses its website (http://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors, or supplemental to information contained in this or other press releases. The list of websites and social media channels that the company uses may be updated on Corning's media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company's SEC filings, press releases, conference calls, and webcasts.
About Corning Incorporated
Corning (www.corning.com) is one of the world's leading innovators in materials science, with a more than 165-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries.
Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display technology, automotive, and life sciences vessels. Corning's industry-leading products include damage-resistant cover glass for mobile devices; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for state-of-the-art communications networks; trusted products to accelerate drug discovery and delivery; and clean-air technologies for cars and trucks.
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