CORNING, N.Y., March 14, 2017 - Corning Incorporated (NYSE: GLW ) today announced that it was recently recognized by the 2017 Lightwave Innovation Reviews for its MiniXtend ® cable with binderless* FastAccess ® technology .
Presented annually by Lightwave , the Lightwave Innovation Reviews program distinguishes top products and solutions available within the optical networking industry as determined by a panel of third-party judges. Judges include industry executives and analysts from a wide variety of service providers, technology developers, industry analysts, and journalists.
The recognized MiniXtend cables combine Corning's micro cabling solution with its time-saving binderless FastAccess technology. Designed for installation in microduct systems using air-assisted installation methods, the cables are up to 50 percent smaller than standard loose-tube cables and offer high fiber counts in a small footprint. FastAccess technology is a groundbreaking innovation in cable design that eliminates the use of a binder, waterblocking yarns, and waterblocking tapes. It also enables up to 70 percent faster cable access and reduced risk of buffer tube damage.
"On behalf of the Lightwave Innovation Reviews, I would like to congratulate Corning on their score," said Rob Stuehrk, Lightwave Group publisher. "The judges noted the MiniXtend cable's small diameter was particularly noteworthy and beneficial to users. And, one of the judges commented that duct space is rapidly vanishing, in no small part because installing new duct is becoming cost - and regulation - prohibitive. The ability to fit 144 fibers into 8.1mm bodes well for the MiniXtend cable and, of course, for the organizations that use it."
"Corning has once again developed a notable product that facilitates installation in this growing market, and Lightwave is proud to have played a part in its recognition," Stuehrk added.
"We are excited to receive this honor, and especially proud that such a distinguished panel of judges recognizes the value our MiniXtend cable provides," said John Igel, vice president and general manager, Corning Optical Fiber and Cable. "We look forward to providing our customers with even more groundbreaking products, helping to address the tough challenges they see daily."
Corning will highlight its latest fiber and cabling innovations, including the newest enhancement to the award-winning MiniXtend product family and FastAccess technology portfolio, at the 2017 Optical Networking and Communication Conference & Exhibition (OFC), March 21-23 in Los Angeles.
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/...vents.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.
About Lightwave For more than 30 years, Lightwave ( www.lightwaveonline.com ) has delivered trusted technical, application and business insights to senior-level decision makers for optical communications worldwide. Lightwave serves technology vendors, communications carriers and major enterprises with a complete and nuanced picture of the optical communications business environment. Lightwave is a valued information source for information related to FTTx, networking, equipment design, MSO optics, and test and measurement for corporate executives, department heads, project managers, network engineers and others making strategic decisions that are critical to the success of their businesses. Lightwave is a unit of PennWell Corporation. About the 2017 Lightwave Innovation Reviews The Lightwave Innovation Reviews is in its fourth year of recognizing and celebrating the industry's most unique products and solutions that help optical communications professionals worldwide drive improvements and innovation in optical technology. Executives at Ciena, Intel, Lumentum, LightCounting Market Research, and Adva were among the third-party judges for the 2017 Innovation Reviews. Criteria used in the Innovation Reviews rankings include, first and foremost, unique technology or application thereof, innovation, ease of use, efficiency, reliability and contribution to profitability.
*Corning's proprietary binderless FastAccess technology refers to the combination of a Corning FastAccess technology jacket with an innovative technology used to bind cable construction through the manufacturing process eliminating the use of binder yarns and waterblocking tapes to greatly expedite and de-risk the cable access procedure.
Corning Optical Communications Contact: Justin Nicolette (828) 901-6994 nicolettj@corning.com
Media Relations Contact: Joe Dunning (607) 974-5006 dunningjm@corning.com
Investor Relations Contact: Ann H.S. Nicholson (607) 974-6716 nicholsoas@corning.com
