Corning Incorporated (NYSE: GLW) announced on Thursday that it is
working with Qualcomm Technologies, Inc., a subsidiary of Qualcomm
Incorporated (NASDAQ: QCOM), to develop 5G mmWave infrastructure
systems for enterprises and public venues. The 5G systems are
designed to combine Qualcomm Technologies’ 5G and mmWave technology
leadership with Corning’s industry-proven small-cell expertise to
deliver affordable and easy-to-install 5G-ready networks indoors.
The Corning systems are expected to be among the first designed
to deliver 5G–NR capability over mmWave spectrum in the indoor
segment, which includes enterprises such as offices, university
campuses, hospitals, hotels, shopping centers, and more. The 5G
systems will leverage Corning’s virtualized RAN architecture to
manage the attached mmWave small cells.
By utilizing the Qualcomm® FSM100xx 5G RAN platform, Corning has
access to leading-edge mmWave capabilities that are designed to
facilitate small, powerful, and power-efficient mmWave
infrastructure for cost-effective and scalable indoor
deployments.
The working relationship is expected to enable Corning to
implement new functionality around concurrent beamforming, advanced
scheduling, and other features necessary to support the unique
characteristics of indoor environments. When combined with
Corning’s LTE-based Enterprise RAN systems based on the Qualcomm
FSM99xx 4G RAN platform, mobile operators are expected to rapidly
deploy 5G-NSA services.
“Corning has decades of experience designing, installing, and
conditioning advanced cellular networks,” said Michelle Engarto,
vice president, wireless product line management, Corning Optical
Communications. “Our experience in network design and knowledge of
varying and distinct customer requirements will benefit customers
as we navigate the complexities associated with 5G mmWave indoors.
By combining the technology leadership and experience from Corning
and Qualcomm Technologies, we aim to offer a compelling and
affordable solution for 5G mmWave systems specifically developed
with the enterprise in mind.”
“Corning and Qualcomm Technologies have a history of delivering
infrastructure innovation spanning LTE, LTE-U/LAA, CBRS, and more,”
said Puneet Sethi, senior director, product management, Qualcomm
Technologies, Inc. “We are now pleased to be ramping our fruitful
relationship with Corning into the 5G era. We expect this marriage
of Qualcomm Technologies’ 5G mmWave technology leadership with
Corning’s industry-proven small-cell and enterprise expertise to
deliver the capacity and performance benefits of 5G mmWave indoors,
via development of cost effective, powerful, and scalable 5G mmWave
infrastructure.”
Corning hardware is known for its small, elegant, low-power
packages, and the goal is for customers to receive the same with
this 5G solution, supported by Qualcomm Technologies 4G and 5G RAN
offerings. Corning’s current 4G customers are expected to enjoy the
benefits of 5G via a simple process that enables 5G-NSA service to
their installations.
Details on the commercial availability of Corning’s new
enterprise platform will be provided later this year. Visit
Corning’s website to learn more about Corning’s in-building network
solutions.
Qualcomm and FSM are trademarks of Qualcomm incorporated,
registered in the United States and other countries.
Qualcomm FSM is a product of Qualcomm Technologies, Inc. and/or
its subsidiaries.
Caution Concerning Forward-Looking 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 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.
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
(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, 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
more than 165-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 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.
Media Relations Contact: Gabrielle
Bailey
(607) 974-6394BaileyGR@corning.com
Investor Relations Contact: Ann H.S. Nicholson (607)
974-6716 nicholsoas@corning.com
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