GLW Corning Inc

Corning Incorporated (NYSE: GLW) today introduced its latest innovation to help telecommunications network operators meet exploding demand for bandwidth: 5G-ready terminals and connectors that are miniaturized to accommodate more fiber connections in smaller spaces.

Corning’s Evolv™ Hardened Connectivity Solutions with Pushlok™ Technology are designed to simplify fiber deployment for all types of communications networks. As connectivity requirements continue to grow – with video streaming, remote work, e-commerce and related applications – network operators must deploy more fiber in space-constrained environments. That need will accelerate with 5G deployments.

Corning engineers designed Evolv HC Solutions to meet those needs: Pushlok hardened connectors are half the size of existing offerings, connecting to terminals that are up to four times smaller. The smaller size allows operators to lower their costs, speed their deployments, and stay ahead of demands for high-speed connectivity.

“With the Evolv HC Solutions and Pushlok Technology, Corning is working with our customers to reduce barriers in deploying 5G-ready networks,” said Bob Whitman, vice president of market development, Carrier Networks, Corning Optical Communications. “More and more often, installers must deploy fiber in tight spaces not originally designed for today’s density of connections – and all types of network operators are looking to deploy more quickly and economically. That’s why they’ll find our miniaturized solutions so valuable, wherever they need to go.”

Among the benefits of the Evolv HC Solutions for network operators:

Versatility and cost savings: The compact, easy-to-install terminals can be deployed in the ground, on a pole or facade, or on a strand. Operators can save up to $500 per terminal location by shrinking handhole and pedestal size, reusing existing infrastructure, reducing pole-attachment fees and streamlining permitting.

Aesthetics: Operators can deploy terminals for any type of fiber-to-the-premises network with minimal visual impact, which can speed approval time by local and municipal governments.

Ease of installation: Pushlok Technology enables simple one-handed drop installation, with tactile and audible feedback. Lightweight Evolv terminals streamline aerial and facade routing and improve utilization of congested conduits and handholes. The ease of installation and optimized field handling reflect Corning’s knowledge and experience gained from passing 55 million homes worldwide with its hardened connectivity solutions.

“These optical solutions are a prime example of Corning’s innovation portfolio in action,” Whitman said. “We’re leveraging our unparalleled expertise in optical physics and precision forming to co-innovate with our customers to solve their toughest technology problems – creating another competitive advantage that will help Corning deliver for customers and outperform the passive optical market over time.”

Look for more industry-leading innovations as Corning adds to the Evolv product portfolio. Learn more about Evolv HC Solutions, see a video and sign up to receive exclusive updates on new products at our product information page.

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 duration and severity of the recent COVID-19 (coronavirus) outbreak, and its ultimate impact across our businesses on demand, operations and our global supply chains; 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.

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About Corning Incorporated

Corning (www.corning.com) is one of the world's leading innovators in materials science, with a 169-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 mobile consumer electronics, optical communications, automotive technologies, life sciences technologies, and display technologies.

Media Relations Contacts:  

John Arwood              (828) 320-3249arwoodjm@corning.com

Gabrielle Bailey(607) 684-4557baileygr@corning.com            Investor Relations Contact:

Ann H.S. Nicholson (607) 974-6716 nicholsoas@corning.com

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