CORNING, N.Y.– Corning Incorporated (NYSE:GLW) today announced that its SMF-28® Ultra fiber recently received the “Overall SCTE 2015 Technological Innovation of the Year Award” at the Society of Cable Telecommunications Engineers’ (SCTE) Summer Lecture event in Bicester, U.K.
The first in the market to combine the benefits of industry-leading attenuation and improved macrobend performance in one fiber, SMF-28 Ultra fiber also received the best technological innovation award in the category of “Best Broadband Network Transmission Solution.”
“Network owners have a lot to consider when choosing the right fiber for access networks. Fortunately, technology advances have now removed the need to trade-off between desirable properties,” said Barry Linchuck, division vice president and director, Worldwide Marketing, Corning Optical Fiber. “Corning’s revolutionary process innovations deliver lower attenuation and improved macrobend performance with no design compromise.”
“This has been a fantastic year for our awards, with an impressive selection of entries showing the scope of innovation in the industry,” said Dr. Roger Blakeway, president of SCTE.
“We are honored by SCTE’s recognition of Corning’s demonstrated leadership in optical fiber innovation and extremely pleased with the positive feedback from our customers. With millions of kilometers of SMF-28 Ultra fiber deployed in nearly every continent in the world, we are excited about the opportunities that it offers our customers,” Linchuck added.
Open to the entire broadband industry, the awards are for technological innovation in the broadband arena and may be for a product, system or concept. The item nominated must have been introduced into the marketplace between Jan. 1 and Dec. 31, 2014. The best overall submission received the SCTE 2015 Technological Innovation of the Year Award. The awards were announced on July 8, 2015.
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 SCTE (www.theSCTE.eu)
Founded in 1945, the SCTE is an educational society and non-profit organization whose aim is to raise the standard of broadband engineering in the telecommunications industry. The Society is dedicated to fostering training and career advancement for technical professionals in the field.
About Corning Incorporated
Corning (www.corning.com) is one of the world’s leading innovators in materials science. For more than 160 years, Corning has applied its unparalleled expertise in specialty glass, ceramics, and optical physics to develop products that have created new industries and transformed people’s lives. Corning succeeds through sustained investment in R&D, a unique combination of material and process innovation, and close collaboration with customers to solve tough technology challenges. Corning’s businesses and markets are constantly evolving. Today, Corning’s products enable diverse industries such as consumer electronics, telecommunications, transportation, and life sciences. They include damage-resistant cover glass for smartphones and tablets; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for high-speed communications networks; trusted products that accelerate drug discovery and manufacturing; and emissions-control products for cars, trucks, and off-road vehicles.
Media Relations Contacts:
Investor Relations Contact:
Ann H.S. Nicholson