Corning and EnerSys Announce Collaboration to Help Speed 5G Deployment
July 15 2020 - 8:35AM
Corning Incorporated (NYSE:GLW) and EnerSys (NYSE:ENS) today
announced a strategic collaboration to speed 5G deployment by
simplifying the delivery of fiber and electrical power to
small-cell wireless sites.
The collaboration will leverage Corning's industry-leading
fiber, cable, and connectivity expertise and EnerSys’ technology
leadership in remote powering solutions. The companies are working
to solve infrastructure challenges in the deployment of 5G and
small cells in outside plant networks.
Corning and EnerSys will focus on two types of challenges facing
wireless service providers and network architects in the deployment
of outdoor small cells: electrical power and fiber connectivity.
Power is often assumed to be available when and where needed, but,
in reality, connections to small-cell sites from the electrical
grid are not always readily available – increasing deployment costs
and delaying network activation. Meanwhile, small cell locations
that optimize signal coverage may not align well with the fiber
pathways that provide the necessary backhaul. Identifying easily
placed fiber access points and the pathway to reach them is key to
avoiding costly delays.
The Corning and EnerSys collaboration will accelerate the
development of solutions to deliver distributed powering and
optical connectivity, helping telecommunications operators
ultimately move toward routine deployment of 5G.
“The deployment scale of 5G small cells is placing significant
pressure on utilities to provide power at each location, delaying
service availability,” said Michael O’Day, vice president, Corning
Optical Communications. “Corning and EnerSys will focus on
simplifying deployment by bringing together the delivery of optical
connectivity and power distribution – making installation faster
and less costly and providing much lower operational costs over
time. Corning continues to view 5G as a major driver of long-term
growth in the Optical Communications business, so we’re proud to
continue co-innovating with industry leaders to help accelerate 5G
deployment.”
“To realize its full potential, 5G deployment needs to become
efficient and predictable. Our collaboration with Corning is aimed
at simplifying the powering process and fiber connectivity to
fast-forward deployment,” said Drew Zogby, president, EnerSys
Energy Systems Global. “The output of this collaboration will
minimize logistics with power utilities, reduce the amount of time
for permitting and siting, simplify fiber connectivity, and lower
the overall cost of installation and deployment.”
Forward-Looking and Cautionary StatementsThis
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; the risk that a new program
such as this collaboration may not be successful or fully achieve
the objectives of the participants; and adverse litigation or
regulatory developments. These and other risk factors
are detailed in filings with the Securities and Exchange
Commission by Corning and EnerSys. Forward-looking statements
speak only as of the day that they are made, even if subsequently
made available by Corning or EnerSys on their respective websites
or otherwise, and Corning and EnerSys undertake no obligation to
update or revise them in light of new information or future
events.
Digital Media Disclosure – CorningIn
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 IncorporatedCorning
(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.
About EnerSysEnerSys, the global leader in
stored energy solutions for industrial applications, manufactures
and distributes reserve power and motive power batteries, battery
chargers, power equipment, battery accessories and outdoor
equipment enclosure solutions to customers worldwide. Motive power
batteries and chargers are utilized in electric forklift trucks and
other commercial electric powered vehicles. Reserve power batteries
are used in the telecommunication and utility industries,
uninterruptible power supplies, and numerous applications requiring
stored energy solutions including medical, aerospace and defense
systems. EnerSys provides highly integrated power solutions and
services to broadband, telecom, renewable and industrial customers.
Outdoor equipment enclosure products are utilized in the
telecommunication, cable, utility and transportation industries,
and by government and defense customers. The company also provides
aftermarket and customer support services to its customers from
over 100 countries through its sales and manufacturing locations
around the world.
Corning Media Relations Contacts:
John Arwood
(828) 320-3249
arwoodjm@corning.com
Gabrielle Bailey(607) 974-6394baileygr@corning.com
Corning Investor Relations Contact:Ann H.S.
Nicholson(607) 974-6716nicholsoas@corning.com
EnerSys Media Relations
Contact:
Steve
Heir
(610) 236-4040
mediacontacts@enersys.com
EnerSys Investor Relations Contact:Steve
Heir(610) 236-4040investorrelations@enersys.com
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