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Corning Incorporated : Corning Incorporated to Acquire Bargoa S.A.

      Corning Incorporated : Corning Incorporated to Acquire Bargoa S.A.



Acquisition to build on Bargoa's strong telecommunications presence in Brazil

CORNING, N.Y. -Corning Incorporated (NYSE: GLW) announced today that it has
signed an agreement with Abengoa (MCE: ABG) to acquire its Brazilian
subsidiary, Bargoa S.A., a leading provider of connectivity solutions for the
Brazilian telecommunications sector. The terms of the agreement are not being
disclosed. Pending regulatory approvals, the acquisition is expected to be
completed by the end of the second quarter in 2013.

With its main activities located in Rio de Janeiro, Brazil, Bargoa provides a
wide range of connectivity solutions in the rapidly growing Brazilian
telecommunications marketplace. Upon closing, Bargoa will be integrated into
Corning's telecommunications business segment. 

Corning currently plays an active role in the telecommunications industry in
Brazil, the largest economy in Latin America, and sixth largest economy in the
world. The acquisition will strengthen Corning's telecom activities in the
region - building on Bargoa's strong brand, high-quality manufacturing, and
flexible design capabilities. These competencies complement Corning's
innovative telecommunications portfolio and will enable the company to extend
its leadership as a connectivity solutions company.

"We are very excited about the opportunity to expand Corning's presence in
Brazil," said Clark S. Kinlin, executive vice president, Telecommunications
Business Group. "Bargoa has a proven history of delivering customer-driven
solutions based on excellent manufacturing capabilities. We look forward to
building a bright future in the Brazilian telecom market when Bargoa's
talented team joins us." 

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 thefinancial 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 fluctuationsandchanges in the mix of sales
between premium and non-premium products;new plant start-upor
restructuringcosts; 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 otherrisk factors
aredetailedin 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 160 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.

About Abengoa
Abengoa (MCE: ABG) is an international company that applies innovative
technology solutions for sustainable development in the energy and environment
sectors, generating electricity from the sun, producing biofuels, desalinating
sea water and recycling industrial waste. (www.abengoa.com)

About Bargoa S.A.
Bargoa is a company dedicated to the manufacturing of thermo injected
products, situated in Rio de Janeiro, Brazil. Since its founding in 1975,
Bargoa has grown year after year, thanks to a permanent effort in search of
more quality, as much as in relation to our products as in the training of our
employees and the update of the machines and working processes. Our company
currently makes use of all the means necessary to develop a great variety of
injected products and also integrated with elements of metallic or electronic
connection. (www.bargoa.com.br)

Media Relations Contact:
Daniel F. Collins
(607) 974-4197
collinsdf@corning.com

Investor Relations Contact:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com

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Source: Corning Incorporated via Thomson Reuters ONE
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