Corning Develops High Index Gla – GuruFocus.com

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CORNING, NY, Jan. 24, 2022 (GLOBE NEWSWIRE) — Corning Incorporated (:GLW) today announced the launch of a new glass composition to advance the development of diffractive augmented and mixed reality waveguides (AR/MR) for portable devices. The optical advancements inherent in glass take the augmented reality experience to the next level with larger, clearer digital content that creates more engaging and immersive user experiences.

Corning’s Advanced Optics business efficiently delivers high-quality glass that has been designed, measured and cut to meet exact customer needs with unique end-to-end solutions, enabling advancements in the AR/MR market for nearly 100 years. ‘a decade. The new 2.0 High Index Lens joins the company’s AR/MR portfolio, which also includes 1.8 and 1.9 high index compositions.

New High Refractive Index Glass 2.0 from Corning Advanced Optics will enable a wider field of view (FOV) and improved optical clarity, including best-in-class light transmission for the blue wavelength in wearable devices AR/MR. Compared to glass compositions with lower refractive index values, OEMs can achieve a superior field of view with fewer pieces of glass, enabling lighter, sleeker, and more economical helmet designs. Corning’s Glass 2.0 composition, along with its comprehensive solutions for flatness metrology and precision glass laser cutting, will bring the AR/MR industry one step closer to mass consumer adoption. . Corning Glass 2.0 is available in wafer diameters of 150mm, 200mm and 300mm and in a range of thicknesses with industry-leading geometric tolerances.

“Our new High Index Glass 2.0 exemplifies Corning’s commitment to providing advanced glass solutions for augmented reality applications,” said David Velasquez, vice president and general manager of Corning Advanced Optics. “Our technologies bring the details below the surface to life. Over the next few years, through new glass compositions, support capabilities, and innovative solutions, Corning will help enable the adoption of AR in our daily lives.

The launch of this new composition builds on Corning’s leadership in glass and ceramic science, optical physics and its proprietary manufacturing platforms. This expertise has enabled the company to be the first to market ultra-flat, high-index glass wafers for leading consumer electronics companies seeking AR/MR waveguide devices.

“These headsets require very precise, very flat glass in the eyepiece for a wide field of view and superior image quality, and our deep knowledge of glass allows Corning to drive innovation in this application space” , Velasquez continued.

Corning will present its new 2.0 glass composition at SPIE AR | VR | MR and SPIE Photonics West event in San Francisco from January 24-28.

Caution Regarding Forward-Looking Statements
Statements in this release that are not historical facts or information and that contain words such as “will”, “believe”, “anticipate”, “expect”, “intend”, “plan”, “seek”, “see”, “would” and “target” and similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and include estimates and assumptions relating to economic, competitive and legislative developments. These statements relate to future events which, by their nature, address matters which are, to varying degrees, uncertain. These estimates are subject to change and uncertainties which are, in many cases, beyond our control. There can be no assurance that future developments will meet management’s expectations. Actual results could differ materially from those we expect, depending on the outcome of various factors. We do not undertake to update any forward-looking statements.

Although the Company believes that these forward-looking statements are based on reasonable assumptions regarding, among other things, current estimates and forecasts, general economic conditions, its knowledge of its business and key performance indicators that affect the Company, actual results could differ materially. Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements include, but are not limited to: the duration and severity of the COVID-19 pandemic 19, and its impact in our business on demand, operations, our global supply chains and stock prices; our ability to increase our margins through the implementation of price increases, operational changes and other cost reduction measures; the effects of acquisitions, divestitures and other similar transactions; global economic trends, competition and geopolitical risks, or an escalation of sanctions, tariffs or other trade tensions between the United States and China or other countries, and related impacts on supply chains and the global strategies of our businesses; changes in macroeconomic and market conditions and market volatility (including developments and volatility resulting from the COVID-19 pandemic), including inflation, interest rates, securities values ​​and others financial assets, precious metals, oil, natural gas and other commodity prices and exchange rates (especially between the US dollar and Japanese yen, New Taiwan dollar, Euro, Chinese yuan and the South Korean won), and the impact of such changes and volatility on our financial condition and business; product demand and industry capacity; competitive products and prices; the availability and costs of critical components and materials; development and marketing of new products; order activity and demand from major customers; the amount and timing of our cash flow and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the expected level or repurchase shares at the expected levels; possible disruption of business operations or our supply chain due to terrorist activity, cyberattacks, armed conflict, political or financial instability, natural disasters, international trade disputes or major health concerns; loss of intellectual property due to theft, cyber attack or disruption of our IT infrastructure; an unforeseen disruption to our supply chain, equipment, facilities, computer systems or operations; effect of regulatory and legal developments; the ability to match capital expenditures to anticipated levels of customer demand rate for technological change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and component performance issues; retention of key personnel; the ability of customers to maintain profitable operations and obtain financing to fund ongoing operations and manufacturing expansions and to pay receivables as they become due; loss of important customers; changes in tax laws and regulations; the impacts of audits by tax authorities; and the potential impact of legislation, government regulations and other government actions and investigations; and other risks detailed in Corning’s filings with the SEC.
For a complete list of risks and other factors, please see the risk factors and forward-looking statements described in our annual reports on Form 10-K and our quarterly reports on Form 10-Q.

Web Disclosure
Consistent 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 advise investors, the media and other interested parties that it uses its website (https://www.corning.com/worldwide/en/about-us/news-events.html) to post important company information, including information that may be considered material to investors, or additional to the information contained in this or other press releases. The list of websites and social media channels used by the Company may be updated from time to time on Corning’s media and website. Corning encourages investors, the media, and other interested parties to review information that Corning may post through its website and social media channels as described above, in addition to the Company’s filings with the SEC, press releases, conference calls and webcasts.

About Corning Incorporated
Corning (www.corning.com) is one of the world’s leading innovators in materials science, with 170 years of experience in life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and improve people’s lives. Corning succeeds through sustained investments in RD&E, a unique combination of materials and process innovation, and deep, trust-based relationships with customers who are world leaders in their industries. Corning’s capabilities are versatile and synergistic, enabling the company to evolve to meet changing market needs, while helping its customers seize new opportunities in dynamic industries. Today, Corning’s markets include optical communications, mobile consumer electronics, display, automotive and life sciences.

Contact person for media relations:
Gabrielle Bailey
(607) 974-6394
[email protected]

MK Cornfield
(607) 974-6935
[email protected]

Contact with Investor Relations:
Ann HS Nicholson
(607) 974-6716
[email protected]

Related Resources:
Reality Revealed with Corning Augmented Reality Solutions

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