Evolution of Smartphones Led by Cutting-edge Display Technologies
CORNING, N.Y., August 23, 2010 – Corning Incorporated (NYSE: GLW), a world leader in specialty glass and ceramics, announced today that Corning® Gorilla® glass has been designed into the Samsung Electronics Galaxy S, a newly released premium smartphone.
The Samsung Galaxy S features a four-inch super AMOLED display, while weighing roughly 119 grams in a slim, highly durable design. The enhanced super AMOLED display is enabled in part by using Corning Gorilla glass as the protective cover. Gorilla glass is an environmentally friendly alkali-aluminosilicate thin sheet glass that is both scratch resistant and durable.
BJ Kang, senior manager of Samsung Electronics said, "Advanced display technology plays a crucial role in meeting consumers' growing expectations on high-end mobile devices, especially smartphones. Corning's Gorilla glass has helped maximize Galaxy S's unique smartphone features by enabling a high-quality touch display."
Haeng Hee Lee, president of Corning Korea Company Ltd added, "Device makers are challenged with designing stylish yet durable products. The Galaxy S is a fine example of a premium device created through the combination of Corning's specialty glass and Samsung's mobile display technologies. Corning's Gorilla glass enables device makers to introduce durable display products with innovative designs."
More than 20 major makers of PC and handheld devices have already recognized the benefits of Gorilla glass by designing it into more than 225 devices, and more than 55 models will be released over the next six months.
Forward-Looking and Cautionary 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 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; and adverse litigation or regulatory developments. These and other risk factors are detailed in Corning's filings with the Securities and Exchange Commission. 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.
About Corning Incorporated
Corning Incorporated (www.corning.com) is the world leader in specialty glass and ceramics. Drawing on more than 150 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy and metrology.
Samsung Galaxy S