Corning Incorporated : Corning Lotus(TM) Glass Sole Source for Century
Technology Corporation's LTPS Panels
CTC's panels featuring Corning's advanced glass in mass production
CORNING, N.Y., May 22, 2013-Corning Incorporated (NYSE: GLW) and Century
Technology Corporation (CTC) today affirmed CTC's selection of the Corning
Lotus(TM) Glass platform for CTC's line of low-temperature polysilicon (LTPS)
panels. The announcement came at the Society for Information Display's Display
Week in Vancouver, British Columbia, where Corning (booth #801) is featuring
CTC's latest products.
Corning is the exclusive provider of specialty glasses for CTC's LTPS
By providing intrinsic thermal and dimensional stability, the Corning Lotus
Glass platform enables crisp resolutions, fast refresh rates, and bright
pictures found in high-performance displays. This stability plays an integral
role during panel makers' high-temperature manufacturing processes by allowing
precise component alignment.
CTC, partially owned by Foxconn, is located in Shenzhen, Guangdong, China. Its
LTPS and in-plane switching (IPS) technologies are targeted at small- and
medium-sized panels used in high-resolution smartphones and tablet PCs.
CTC first introduced a fully functional LTPS line in December 2011 and
manufactures its panels on Gen 5.1 glass substrates. Corning will showcase
CTC's 4.7-, 4.8-, and 5-inch LTPS panels during Display Week.
"We have developed a strong alliance with Corning over the years," Sun YueWei,
senior executive vice president, Foxconn, said. "CTC has used Corning Lotus
Glass to develop successfully a number of high-performance products for
today's smartphones and mobile applications that feature more than 300 pixels
per inch. Our collaboration with Corning enables us to bring our revolutionary
visions to fruition."
"The fact that the Corning Lotus Glass platform is the sole glass CTC uses in
its LTPS manufacturing processes speaks to both the exceptional performance of
Lotus Glass, and the strong relationship between Corning and CTC," John Bayne,
vice president and general manager, Corning High Performance Displays, said.
"CTC has helped advance the growth of the high-performance display segment,
and we are pleased to be working with them in such close collaboration."
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 Century Technology Corporation
Century Technology Corporation, engaged in Gen 5.1 panel manufacturing, was
founded in 2004. CTC began mass production and successfully entered the supply
chain in February 2009. CTC has a strategic venture with Foxconn in Longhua,
Media Relations Contacts - Corning:
John A. O'Hare
Joseph M. Dunning
Media Relations Contact - Century Technology Corporation:
Investor Relations Contact - Corning:
Ann H.S. Nicholson
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information contained therein.
Source: Corning Incorporated via Thomson Reuters ONE
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