Energy management recognized for fourth consecutive year
CORNING, N.Y.; APRIL 6, 2017 - Corning Incorporated (NYSE: GLW) announced today it has been named a 2017 ENERGY STAR ® Partner of the Year - Sustained Excellence recipient by the U.S. Environmental Protection Agency for its continued commitment to energy efficiency.
Partner of the Year is the EPA's most prestigious award, with the Sustained Excellence designation reserved for those achieving Partner of the Year status several years in a row. This is Corning's fourth consecutive year earning Partner of the Year recognition, and its second year achieving Sustained Excellence .
Corning launched its Global Energy Management program (GEM) in 2006 to create and execute effective energy strategies. Since then, the program and its teams have saved the company more than $454 million in cumulative energy costs. GEM teams help Corning's facilities around the world implement energy-saving projects, such as installing solar panels , new water recycling systems , and LED light fixtures .
"GEM's work and our valued partnership with ENERGY STAR align with Corning's overall commitment to sustainability," said Lisa Ferrero , senior vice president and chief administrative officer. "We believe that a focus on positive energy-related business practices helps us strengthen our company, maintain the trust of our stakeholders, and better serve our customers and the community."
Corning is part of a select group of manufacturers among the businesses and organizations named an ENERGY STAR Partner of the Year. All recipients will be recognized on April 26 in Washington, D.C.
"This award proves that from our plants, to our research labs, to our staff offices, Corning employees are dedicated to energy efficiency," said Patrick Jackson, director of Corning's GEM program. "Winning Partner of the Year status for a fourth year in a row not only means we use our energy wisely, but that we're constantly improving our practices and coming up with creative ways to meet new goals. It's our hope that these efforts will protect our planet for future generations."
The EPA introduced ENERGY STAR in 1992 as a voluntary labeling program designed to identify and promote energy-efficient products to reduce greenhouse gas emissions. In 2015 alone, ENERGY STAR and its partners saved American businesses and consumers 503 billion kilowatt hours and $34 billion on their energy bills, while achieving broad emission reductions. For a complete list of 2017 winners and more information about ENERGY STAR's awards program, visit www.energystar.gov .
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 ENERGY STAR ENERGY STAR has 16,000 partners working to protect the environment through greater energy efficiency, including manufacturers, retailers, public schools, hospitals, real estate companies, and home builders. Since 1992, ENERGY STAR and its partners have saved American families and businesses $430 billion on their energy bills and 4.6 trillion kilowatt-hours of energy, while achieving broad emissions reductions-including 2.8 billion metric tons of greenhouse gas emissions. ENERGY STAR ® is the simple choice for energy efficiency. For 25 years, EPA's ENERGY STAR program has been America's resource for saving energy and protecting the environment. Join the millions already making a difference at energystar.gov .
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 Contact - Corning: Joe Dunning (607) 974-5006 dunningjm@corning.com
Media Relations Contact - ENERGY STAR: Kristinn Sharpe (202) 343-9062 Sharpe.Kristinn@epa.gov
Investor Relations Contact: Ann H.S. Nicholson (607) 974-6716 nicholsoas@corning.com
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