CORNING, N.Y. -- (BUSINESS WIRE) --
Corning Incorporated (NYSE: GLW) said today that the company's LCD glass production in Taiwan has not been impacted by the level 5 earthquake that shook Taiwan yesterday. The company issued the following statement:
"Management at our Tainan LCD glass facility has reported that there were no injuries or damage to the facility, and that all glass-making operations recovered within hours and are running normally. Also the earthquake had no impact to Corning's Taichung LCD glass plant."
Company officials reported that the Tainan facility did require some minor repairs which did not affect normal manufacturing operations or output.
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 instability 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; 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 Corning Incorporated
Corning Incorporated (www.corning.com) is the world leader in specialty glass and ceramics. Drawing on more than 150 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.
CONTACT:
Corning Incorporated
Media Relations
Daniel F. Collins, 607-974-4197
collinsdf@corning.com
or
Investor Relations
Kenneth C. Sofio, 607-974-7705
sofiokc@corning.com