Stab-proof Gorilla Glass coming to TVs near you in 2011
By Vlad Savov 
posted August 1st 2010 6:59PM
posted August 1st 2010 6:59PM
Corning Announces New Capacity Investments
Expansions driven by strong demand for LCD substrates and Gorilla® glass
Planning full LCD glass production at new Beijing facility
CORNING, N.Y., July 21, 2010 – Corning Incorporated (NYSE:GLW) announced today that its board of directors has approved a capital expenditure plan to expand the company's LCD glass and Gorilla® glass manufacturing in response to strong market demand.
The company will invest approximately $800 million to construct a new LCD glass substrate facility in the People's Republic of China. With the support of the Beijing municipal government, Corning will locate the new facility in the Beijing Digital TV Industry Park within the Beijing Economic Technological Development Area. The manufacturing plant will have up to Generation 8.5 glass-melting and finishing capabilities. Groundbreaking is planned for September of this year, with production slated to begin in the first half of 2012.
Corning's investments will also include construction projects in other regions to expand capacity for two of its flagship products: EAGLE XG® LCD glass substrates and Gorilla glass. As previously announced, the company has restarted an expansion project at its Taichung (Taiwan) LCD glass facility and is ramping up idled capacity at its facility in Shizuoka, Japan to produce Gorilla glass for various applications. The company now intends to expand further in Taichung under the new capital expenditure plan, with additional capacity projected to come on line in the first half of 2012.
"These investments will position Corning to capture significant new sales opportunities from rapidly increasing demand for our Gorilla glass, while continuing to meet the demand for our EAGLE XG products," Wendell P. Weeks, chairman and chief executive officer, said. Corning expects Gorilla glass sales to exceed $200 million this year in its Specialty Materials segment, and estimates that sales could reach approximately $1 billion annually by 2011. Gorilla glass is a protective cover glass that provides superior damage and scratch resistance on hundreds of models of handheld devices and smart phones.
"The need for additional Gorilla glass capacity is based in part on the product's new application as a TV cover glass," Weeks explained. "Gorilla glass has already been embraced by information technology and handheld device makers, and the addition of the TV cover glass application creates a tremendous opportunity for further growth."
LCD substrate growth
"We continue to forecast strong growth for LCD glass for the next several years. This growth will be driven primarily by continued market penetration of LCD televisions, with significant gains in Asia and South America, and an accelerated technology replacement cycle in more mature global markets. Therefore, we are making the appropriate capacity investments to take advantage of this projected demand," said James P. Clappin, president, Corning Display Technologies, Asia.
"China is not only one of the world's leading consumers of LCD televisions; it is also poised to become a major producer of LCD panels for TV applications within the next several years. We are excited to be a part of this emerging market," Clappin added.
"China is quickly becoming a leader in LCD panel development, and Corning will be well positioned to grow with the China market through these capacity expansions," noted Eric S. Musser, chief executive officer of Corning Greater China. "These investments, combined with our earlier announcement to expand production of auto emissions-control products and establish a life science presence in China, underscore Corning's long-term commitment to the China market."
The company noted that continued higher-than-expected retail demand for LCD televisions, laptops, and desktop computers has resulted in an improved outlook for these consumer electronic products throughout the remainder of the year. Therefore, Corning now believes that annual LCD glass demand could be at the higher end of its forecasted range of 2.9 billion square feet to 3.1 billion square feet this year.
As a result of these investments, Corning has increased its forecast of capital expenditures to approximately $1.2 billion this year, up from its previous estimate of $1 billion. The company also expects that capital expenditures in 2011 will be higher than this year's current forecast. Corning will provide additional details on its investments during its second-quarter financial results investor conference call on Wednesday, July 28.
I don't see a reason to have this on your tv set cuz I just don't see tv breaking so easy in a household unless you move it around alot and drop it... But hell I am just one person and maybe others might need this and I don't own a wii either so can't say how many times u throw this at your tv but it really surprise me a wii controller bust your screen...
That video would have been a lot better if they compared it to some other phone and stabbed it with the pen too.
This is only for the brave of heart?@!
I'd take stab proof glass over this flimsy plastic shit I have on my cheapo HDTV. No question. Both for the safety of it and the ease of cleaning it.
This seems uneccesary for household use, but would be great for outdoor, public areas, or bars.
Great. Maybe the Statistics of all those LCD TV's getting smashed via Wii controller will drop!
Sweet this still doesn't fix my 46 inch LCD that my son threw a car at though!!!!
*Blows dust off wii, turns on and prepares to test glass*
Really? $60 is a lot on a purchase that can be several hundred to several thousand dollars?
Doesn't the Droid X has a LCD Gorilla Glass screen too?
If I'm buying a TV then $60 more is quite an acceptable extra charge for nearly indestructible glass. I'd simply look at it as a small insurance payment.
Should come free with every Wii, XBox or PS3, like the bumpers that come with the iPhone 4.
My in-laws 7 y.o. boy accidentally threw a Wii Remote into their new 42' flat panel. The results weren't pretty. I bet with this the TV would have been fine.
Now people don't have to worry about breaking their TVs when playing the Nintendo Wii or other games they get mad at!! :)
Oh, to live in a post Wii world.