Corning Opens Technology Center at Adlershof in Berlin
New Center Will Support Optical Connectivity Technology Solutions for Cornings Telecommunications Segment Customers
BERLIN--(BUSINESS WIRE)-- Corning Incorporated (NYSE: GLW) today hosted a ceremony marking the opening of the Corning Technology Center Berlin, located in the Adlershof Science and Technology Park. Through the establishment of this technology center in the Park, Corning will be able to pursue faster innovation, build upon its commitment to customer collaboration, and engage in a mix of potential industrial, academic, and technology activities.
The new center is home to Corning Cable Systems Germany-based members of Cornings global Technology organization. Its Adlershof Park location makes the center easily accessible from Corning Cable Systems lead commercial office for Europe, the Middle East, and Africa, also located in Berlin.
Innovation has been a Corning hallmark for more than 160 years, said keynote speaker Wendell P. Weeks , chairman and CEO, Corning Incorporated. We have been a pioneer in the field of telecommunications since Corning scientists invented the first low-loss optical fiber in 1970. In the 42 years since then, we have produced a steady stream of innovations that increase the efficiency and reduce the cost of optical networks. Yet, we have barely scratched the surface in terms of unleashing the massive capacity and lightning-fast speeds that fiber-optic networks can deliver. This center will help us create next-generation technologies to enable the on-demand information that consumers and enterprises value.
The opening ceremony was hosted by Weeks, Clark S. Kinlin , executive vice president, Corning Telecommunications Business Group, and Torsten Nath, director, Corning Cable Systems Technology, EMEA. Speakers also included Governing Mayor of Berlin Klaus Wowereit and Hardy Schmitz, CEO, WISTA-Management GmbH. Invited guests included customers and representatives of the universities and institutes located at the Adlershof Technology Park.
We are committed to collaboration with our customers to understand their needs and develop breakthrough optical connectivity solutions to their toughest problems, Kinlin said This collaboration was instrumental in helping us develop our Fiber to the Home and ClearCurve® product solutions. We view our participation in the Adlershof community as an important extension of this customer commitment.
The Corning Technology Center Berlin is affiliated with Cornings global research and development network, including telecommunications technology groups around the world; the Corning Research Center, Taiwan, located at the Industrial Technology Research Institute (ITRI) in HsinChu, Taiwan; the Corning Technology Center in Shizuoka, Japan; the Corning Science Center in St. Petersburg, Russia; the Corning European Technology Center located in Fontainebleau, France; and Sullivan Park, the companys world headquarters for R&D in Corning, New York, USA.
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 Cornings 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 Cornings 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 160 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.
The Corning Technology Center Berlin is part of Corning Cable Systems GmbH & Co KG.
Stretched across nearly 1,038 acres, the Adlershof Science &Technology Park features the Humboldt University of Berlin as well as 11 renowned science institutes and, in 2011, 922 companies that operate in disciplines ranging from Photonics, Optical and Solar Technologies to Material and Microsystems Technology. As Germanys largest technology park, Adlershof has nearly 15,000 employees and 8,000 students operating there daily.
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Source: Corning IncorporatedCopyright Business Wire 2012