Corning® Gorilla® Glass 5 Chosen for Essential Products' First Smartphone
June 02 2017 - 8:30AM
New company's device strategy focuses on bringing premium
materials
and craftsmanship to millions
CORNING, N.Y.; JUNE 2, 2017 - Corning
Incorporated (NYSE: GLW) announced today that Corning®
Gorilla® Glass 5,
Corning's toughest cover glass yet, has been chosen as the cover
material for the Essential Phone.
Launched earlier this week, the Essential Phone
features a three-sided, borderless display with a Corning Gorilla
Glass 5 cover. This is the first device from Essential Products, a
newly formed company founded by Andy Rubin, the co-founder of
Android.
"We are pleased to collaborate with Andy and the
team at Essential as they launch their first smartphone device.
Corning Gorilla Glass 5 delivers the best-in-class drop performance
for their new smartphone," said John Bayne, vice president and
general manager, Corning Gorilla Glass. "As one of the primary
architects of the Android operating system, Andy has had a major
impact on the smartphone ecosystem. We see Essential's choice of
Corning as a supplier - and Gorilla Glass 5 as a key material - as
a clear indication of the advantage of our products, our brand, and
the value we bring to industry innovators like Essential."
"One of the founding principles of Essential is to
deliver premium materials and craftsmanship and the best technology
experiences to millions. To develop our new phone, we chose to work
with the glass experts at Corning to bring the drop performance and
damage resistance of Corning Gorilla Glass 5 to our customer base,"
said Andy Rubin, chief executive officer, Essential Products,
Inc.
Corning's lab tests show that Gorilla Glass 5
survives drops onto rough, unforgiving surfaces up to four times
better than competitive glass designs. Customers are adopting
Corning Gorilla Glass 5 at a rate two times faster than
earlier versions of Gorilla Glass over the same time period.
Full product specifications for the Essential
Phone can be found at www.essential.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.
Digital Media
Disclosure
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 intends to
use 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. 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. 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:
Taryn
Manuele
(607) 974-6716
manueletl@corning.com
M. Elizabeth
Dann
(607)
974-4989
dannme@corning.com
Investor Relations Contact:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
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This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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
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