Corning Celebrates its 1 Billionth Kilometer of Optical Fiber
September 28 2017 - 10:15AM
YASTEST
CORNING, N.Y.; SEPTEMBER 28, 2017 - Corning
Incorporated (NYSE: GLW) today announced a significant milestone -
delivering its 1 billionth kilometer of optical fiber. The company
celebrated with an event at its optical fiber manufacturing
facility in Wilmington, North Carolina, the world's first optical
fiber manufacturing facility, which today remains one of the
world's largest.
Corning invented the first low-loss optical fiber
in 1970, which helped launch the age of optical communications and
ultimately transformed the way the world creates, shares, and
consumes information. Since that time, Corning optical fiber has
been deployed in hundreds of thousands of networks across the
globe, from long-haul and submarine networks to access networks and
data centers.
"The invention of optical fiber ushered in a
communications revolution," said Wendell P. Weeks, Corning's
chairman, chief executive officer, and president. "This
life-changing innovation began with a group of people who had the
audacity to believe it was possible to transmit a beam of light
down a hair-thin strand of silica with minimal signal loss. Yet in
1970, I don't think even our most visionary scientist could have
imagined the speed or carrying capacity of today's fiber - or that
Corning would one day be celebrating delivering its 1 billionth
kilometer. Today, we continue to transform the way the world
connects with ongoing fiber innovations and end-to-end optical
solutions. In fact, I believe we're just getting started."
In an increasingly connected world, optical fiber
is the backbone of telecommunications networks. A single optical
fiber link can carry 20 terabits of data per second - enough to
support 4 million simultaneous HD video streams - and that capacity
is growing. Optical technology has enabled instantaneous video
downloads, online gaming, and always-on high-speed consumer
services, as well as life-changing applications such as
telemedicine, telecommuting, and smart city technology.
With its virtually unlimited bandwidth-carrying
capacity, durability, and simple installation techniques, optical
fiber will be critical in building next-generation networks and
delivering the technologies to enable 4G densification and the
transition to 5G, fiber-to-the-home amenities, and advanced
business services.
Today, Corning remains the worldwide market leader
and is the most widely deployed brand of fiber. Through continued
fiber innovation and deep customer relationships, Corning reached
the 1 billion kilometer milestone. Keeping its focus on the future,
the company will continue to invest in its optical communications
business to retain its industry leadership position.
For background, supporting information, or more
information about this significant milestone, visit our media
resource center or our external resource center.
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, with a 166-year track record of life-changing
inventions. Corning applies its unparalleled expertise in glass
science, ceramics 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.
Corning Optical Communications
Contact:
Justin
Nicolette
(828)
901-6994
nicolettj@corning.com
Media Relations Contact:
Joe Dunning
(607) 974-5006
dunningjm@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 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
Corning (NYSE:GLW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Corning (NYSE:GLW)
Historical Stock Chart
From Apr 2023 to Apr 2024