Corning Incorporated (NYSE:GLW) has been named an ENERGY STAR
Partner of the Year by the U.S. Environmental Protection Agency
(EPA) for the 10th consecutive year. The award highlights the
company’s ongoing commitment to energy efficiency and the
effectiveness of its energy management programs. Only 10 companies
have consistently achieved ENERGY STAR Partner of the Year for a
decade.
In addition, for the eighth year in a row, Corning received the
ENERGY STAR Sustained Excellence Award. The U.S. EPA presents this
award to partners who have earned ENERGY STAR Partner of the Year
recognition for a minimum of two consecutive years and have
demonstrated how they’ve surpassed their annual achievements from
previous years.
The two awards recognize Corning’s ongoing efforts to enhance
energy efficiency while reducing the company’s greenhouse gas
emissions and carbon footprint.
“At Corning, we believe in applying our people’s talent and
expertise to help build a more sustainable world – and that
includes reducing our carbon footprint,” said Wendell P. Weeks,
chairman and chief executive officer. “This year’s ENERGY STAR
Partner of the Year recognizes a decade of continual improvement in
our energy efficiency. Our team members around the world continue
to deliver – even as they raise the bar year after year.”
Corning’s 2023 ENERGY STAR Partner of the Year award reflects
the company’s new and expanding energy management initiatives,
which have helped advance Corning’s approach to water and waste
management. The company also entered a solar-array power-purchase
agreement to increase the company’s use of renewable energy by 400%
by 2030.
“What drives our approach to sustainability is the idea that we
can make a difference,” said Mark Steen, Ph.D., vice president of
sustainability and climate initiatives. “Our tenth consecutive
ENERGY STAR Partner of the Year award speaks to the difference
we’ve made by investing in progress – increasing our energy
efficiency over the past decade while meeting our customers’ needs,
and advancing our sustainability efforts well into the future.”
“As we accelerate historic efforts to address climate change,
public-private partnerships will be essential to realizing the
scale of our ambition,” said EPA Administrator Michael S. Regan. “I
applaud this year’s ENERGY STAR award winners for working with EPA
to deliver a clean energy future that saves American consumers and
businesses money and creates jobs.”
Corning is a part of a select group of businesses and
organizations that have achieved this award, which is the EPA’s
most prestigious. For a complete list of 2023 winners and more
information about ENERGY STAR’s awards program, visit
energystar.gov/awardwinners.
Caution Concerning Forward-Looking
StatementsThe statements contained in this release that
are not historical facts or information and contain words such as
“will,” “believe,” “anticipate,” “expect,” “intend,” “plan,”
“seek,” “see,” “would,” and “target” and similar expressions are
forward-looking statements. These forward-looking statements are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and include estimates and
assumptions related to economic, competitive and legislative
developments. Such statements relate to future events that by their
nature address matters that are, to different degrees,
uncertain. These estimates are subject to change and
uncertainty which are, in many instances, beyond our control. There
can be no assurance that future developments will be in accordance
with management’s expectations. Actual results could differ
materially from those expected by us, depending on the outcome of
various factors. We do not undertake to update forward-looking
statements.
Although the Company believes that these forward-looking
statements are based upon reasonable assumptions regarding, among
other things, current estimates and forecasts, general economic
conditions, its knowledge of its business, and key performance
indicators that impact the Company, actual results could differ
materially. The Company does not undertake to update
forward-looking statements. Some of the risks, uncertainties
and other factors that could cause actual results to differ
materially from those expressed in or implied by the
forward-looking statements include, but are not limited to: the
duration and severity of the COVID-19 pandemic, and its impact
across our businesses on demand, operations and our global supply
chains; the effects of acquisitions, dispositions and other similar
transactions; 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; loss of intellectual property
due to theft, cyber-attack, or disruption to our information
technology infrastructure; unanticipated disruption to our supply
chain, 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, to maintain profitable operations and obtain financing to
fund ongoing operations and manufacturing expansions and pay
receivables when due; loss of significant customers; changes in tax
laws and regulations; the impacts of audits by taxing authorities;
the potential impact of legislation, government regulations, and
other government action and investigations; and other risks
detailed in Corning’s SEC filings. 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.
Web 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 uses its website
(https://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, or
supplemental to information contained in this or other press
releases. 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 170-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 optical communications, mobile consumer electronics,
display, automotive, solar, semiconductors, and life sciences.
Media Relations
Contacts:
Meredith Hoing
(202) 774-0799 hoingmj@corning.com
Investor Relations Contact: Ann H.S. Nicholson
(607) 974-6716 nicholsoas@corning.com
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