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Thursday, 18 May 2017

Corning Lotus(TM) NXT Glass Chosen for Samsung Display's Flexible LTPS-OLED Line

     

Corning Lotus(TM) NXT Glass Chosen for Samsung Display's Flexible LTPS-OLED Line

 

 

Samsung Galaxy S8 and S8+ feature panels enabled by Lotus NXT Glass

 

CORNING, N.Y., MAY 18, 2017 - Corning Incorporated (NYSE: GLW) announces Samsung Display's selection of Corning Lotus(TM) NXT Glass as the carrier glass for its line of polyimide (PI) low-temperature polysilicon (LTPS) organic light-emitting diode (OLED) panels, which today power the Samsung Galaxy S8 and S8+.

 

Both the Galaxy S8 and S8+ contain a flexible OLED panel, which requires a carrier glass to support the panel's polyimide substrate during a demanding manufacturing process.

 

Samsung Display, a global leader in display panel technology and products, selected Lotus NXT Glass as its carrier glass due to its industry-leading dimensional stability, pristine surface quality, and its high and uniform UV transmission, which allows for efficient laser removal of the panel from its Lotus NXT Glass carrier. (Learn more about OLED technology and the role of a carrier glass.)

 

Samsung Display produces flexible LTPS-OLED panels for its customers, who use them in smartphones and tablets with the latest curved displays. Samsung Display's PI LTPS-OLED panels enabled by Lotus NXT Glass are most recently included in the Galaxy S8 and S8+, the newest products of Samsung Electronics Co., Ltd.

 

The Galaxy S8 and S8+, introduced on March 29, push the boundaries of traditional smartphones with their design. The Infinity Displays on both the Galaxy S8 and S8+ take up nearly the full front of the device to provide an optimal viewing experience. The Infinity Display's sleek dual-edge design provides the appearance of an overflowing surface, breaking down boundaries and expanding new opportunities, one edge at a time.

 

"Together with Samsung Display, we are enabling consumer electronic devices with leading industrial design, while improving the user experience," said Michael Kunigonis, business director, High Performance Displays, Corning Glass Technologies. "Lotus NXT Glass, the product of Corning's world-class glass formulation and fusion capabilities, helps panel makers compete in the dynamic mobile LTPS-OLED market. We optimized Lotus NXT Glass as both a carrier glass for flexible OLED panels and as a glass substrate for rigid OLED panels. We're excited to keep enabling the future of handheld OLED devices."

 

In addition to the use of Corning Lotus NXT Glass, the Galaxy S8 and S8+ also feature Corning® Gorilla® Glass 5, the latest generation of Corning's industry-leading cover glass. Gorilla Glass 5 raises the bar for protection against drops onto hard and rough surfaces, making it ideal for consumer electronic devices. Gorilla Glass 5 continues to deliver the damage resistance, optical clarity, and touch sensitivity for which Gorilla Glass is known.

 

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.

 

Digital Media Disclosure

In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated ("Corning") wishes to notify investors, media, and other interested parties that it intends to use its website (http://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors. The list of websites and social media channels that the company uses may be updated on Corning's media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company's SEC filings, press releases, conference calls, and webcasts.

 

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:                          

Kait Ripley

(607) 974-5748

ripleyks@corning.com                       

 

Brittany Salgado

(607) 974-4015

salgadobm@corning.com

 

Joseph Dunning

(607) 974-5006

dunningjm@corning.com

 

Investor Relations Contact:

Ann H.S. Nicholson

(607) 974-6716

nicholsoas@corning.com

 

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This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Corning Incorporated, One Riverfront Plaza , Corning NY 14831, U.S.A.
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