Antimicrobial Corning® Gorilla® Glass to Be Used in Mobile Pay Terminals
January 07 2015 - 11:00AM
Clover to use specialty glass in point-of-sale
devices
CORNING, N.Y. - Corning
Incorporated (NYSE: GLW) today announced that Clover(TM), a First
Data company, will begin using Antimicrobial Corning®
Gorilla® Glass as the
cover glass in its Clover(TM) Mobile
devices. Clover will be the first company to use Antimicrobial
Gorilla Glass in payment terminals. Corning Gorilla Glass can help
protect these and other frequently touched surfaces from
contamination.
"We live in a society where touch screens are
increasingly commonplace, particularly in public use applications,"
said Dr. Joydeep Lahiri, division vice president and program
director, Specialty Surfaces, Corning Incorporated. "Microbes on
our hands are transferred to various surfaces, including payment
terminals when making purchases. Tough Antimicrobial Corning
Gorilla Glass is the sensible choice for these devices and will
give Clover's customers a confident user experience."
"Clover Mobile is the world's first
PIN-entry-capable integrated point-of-sale (POS) tablet," said John
Beatty, co-president and head of engineering, Clover. "Our devices
have heavily used touch screens that are shared between merchants
and consumers, so it was important for us to incorporate the
highest quality materials available. We chose Corning's
Antimicrobial Gorilla Glass for Clover Mobile because of its
durability and antimicrobial properties, and look forward to using
it across all our products."
With more than 40,000 units of its flagship Clover
Station product shipped to date, Clover is prepared to equip
merchants with EMV(TM)-enabled payment terminals as the U.S.
payment card industry transitions from magnetic-stripe cards to
chip cards to adhere to the Europay, Mastercard, Visa (EMV) global
standard. Industry analysts estimate there are 8 million POS
terminals in the U.S.
Clover Mobile is a powerful new mobile
point-of-sale (POS) business solution that will bring new
flexibility and versatility to the Clover family. Clover Mobile
will enable more personal consumer engagement for innovative small-
to mid-sized businesses by taking the functionality of the popular
Clover Station off the counter and on to the floor. First Data, the
global leader in payment technology and services solutions,
acquired Clover in 2012 to expand its small business offerings.
Corning introduced the world's first antimicrobial
cover glass in 2014 to help protect against surface contamination.
It is also the world's first antimicrobial glass registered with
the U.S. Environmental Protection Agency. It is based on ionic
silver that is embedded in the glass for antimicrobial protection
that will last the lifetime of the device. It combines its
built-in antimicrobial property with the renowned benefits of
Corning®
Gorilla® Glass
technology, including durability, scratch resistance, and
toughness. Antimicrobial Corning Gorilla Glass can be installed in
electronic devices such as computers, cellular phones, calculators,
telephones, and other electronic display panels. Other markets
include interior architectural surfaces for healthcare and
hospitality industries, transportation and architectural structures
such as wall panels, doors and windows, and protective panels for
frequently touched surfaces. Antimicrobial protection is limited to
the glass product itself, and Corning makes neither direct nor
implied health claims about the product.
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 (www.corning.com) is one of the world's leading innovators
in materials science. For more than 160 years, Corning has applied
its unparalleled expertise in specialty glass, ceramics, and
optical physics to develop products that have created new
industries and transformed people's lives. Corning succeeds through
sustained investment in R&D, a unique combination of material
and process innovation, and close collaboration with customers to
solve tough technology challenges. Corning's businesses and markets
are constantly evolving. Today, Corning's products enable diverse
industries such as consumer electronics, telecommunications,
transportation, and life sciences. They include damage-resistant
cover glass for smartphones and tablets; precision glass for
advanced displays; optical fiber, wireless technologies, and
connectivity solutions for high-speed communications networks;
trusted products that accelerate drug discovery and manufacturing;
and emissions-control products for cars, trucks, and off-road
vehicles.
EMV(TM) is a trademark owned by
EMVCo LLC.
Media Relations
Contact:
Pamela W.
Porter
(607) 974-9980
porterpw@corning.com
Investor Relations
Contact:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
Follow
Corning: RSS
Feeds | Facebook | Twitter | YouTube
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Corning Incorporated via Globenewswire
HUG#1885100
Corning (NYSE:GLW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Corning (NYSE:GLW)
Historical Stock Chart
From Apr 2023 to Apr 2024