New company's device strategy focuses on bringing premium materials and craftsmanship to millions
CORNING, N.Y.; JUNE 2, 2017 - Corning Incorporated (NYSE: GLW) announced today that Corning ® Gorilla ® Glass 5, Corning's toughest cover glass yet, has been chosen as the cover material for the Essential Phone.
Launched earlier this week, the Essential Phone features a three-sided, borderless display with a Corning Gorilla Glass 5 cover. This is the first device from Essential Products , a newly formed company founded by Andy Rubin, the co-founder of Android.
"We are pleased to collaborate with Andy and the team at Essential as they launch their first smartphone device. Corning Gorilla Glass 5 delivers the best-in-class drop performance for their new smartphone," said John Bayne, vice president and general manager, Corning Gorilla Glass . "As one of the primary architects of the Android operating system, Andy has had a major impact on the smartphone ecosystem. We see Essential's choice of Corning as a supplier - and Gorilla Glass 5 as a key material - as a clear indication of the advantage of our products, our brand, and the value we bring to industry innovators like Essential."
"One of the founding principles of Essential is to deliver premium materials and craftsmanship and the best technology experiences to millions. To develop our new phone, we chose to work with the glass experts at Corning to bring the drop performance and damage resistance of Corning Gorilla Glass 5 to our customer base," said Andy Rubin, chief executive officer, Essential Products, Inc.
Corning's lab tests show that Gorilla Glass 5 survives drops onto rough, unforgiving surfaces up to four times better than competitive glass designs. Customers are adopting Corning Gorilla Glass 5 at a rate two times faster than earlier versions of Gorilla Glass over the same time period.
Full product specifications for the Essential Phone can be found at www.essential.com .
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.
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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: Taryn Manuele (607) 974-6716 manueletl@corning.com
M. Elizabeth Dann (607) 974-4989 dannme@corning.com Investor Relations Contact: Ann H.S. Nicholson (607) 974-6716 nicholsoas@corning.com
