Corning Lotus(TM) NXT Glass Chosen for Samsung Display's LTPS-OLED Line
October 26 2015 - 8:30AM
Newest-generation display panel used in Samsung Galaxy
Note5
CORNING,
N.Y.,OCTOBER 26,
2015 - Corning
Incorporated (NYSE: GLW) announced Samsung Display's selection of
Corning Lotus(TM) NXT Glass for its line of low-temperature
polysilicon (LTPS), organic light-emitting diode (OLED) panels.
Samsung Display, a global leader in display panel
technology and products, selected Lotus NXT Glass as its backplane
substrate because it enables higher-resolution, more
energy-efficient displays. Samsung Display produces LTPS-OLED
panels for its customers who subsequently use them in
high-resolution smart phones and tablets.
Samsung Display's LTPS-OLED panels using Lotus NXT
Glass now power the Galaxy Note5, the newest product of Samsung
Electronics Co., Ltd. The Galaxy Note5, introduced on Aug. 13, has
a 5.7-inch Quad-HD Super AMOLED display packed with rich multimedia
and multitasking capabilities. Dimensionally stable Lotus NXT Glass
supports higher pixels per inch, allowing the Galaxy Note5 to
feature crisp, clear, true-to-life pictures.
Corning unveiled Lotus NXT Glass - its
third-generation composition for high-performance displays - on
June 1. It features outstanding total pitch variation - an integral
element to panel performance that enables exceptionally high
resolutions and vividly bright displays.
"We're excited to build on our long tradition of
collaboration with Samsung Display," said Michael Kunigonis,
business director, High Performance Displays, Corning Glass
Technologies. "With the adoption of Lotus NXT Glass for the Galaxy
Note5, Corning is helping Samsung produce stunning and vivid
displays that meet the performance expectations of today's
consumers."
In addition to Lotus NXT Glass, the Galaxy Note5
features Corning®
Gorilla® Glass 4 - the
latest generation of the industry-leading cover glass now used on
more than 4 billion devices. Gorilla Glass 4 offers improved
performance in resisting breakage from drops on rough surfaces,
making it ideal for consumer electronic devices.
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.
Media Relations
Contacts:
Kait
Laubscher
(607) 974-5748
laubscheks@corning.com
Joseph Dunning
(607) 974-5006
dunningjm@corning.com
Investor Relations
Contact:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
View Videos:
Corning Unveils Corning Lotus(TM) NXT Glass | Learn About
Total Pitch Variation
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#1961014
Corning (NYSE:GLW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Corning (NYSE:GLW)
Historical Stock Chart
From Sep 2023 to Sep 2024