2013-08-28 23:03:03 -
AUO's newest AMOLED panels feature Corning Lotus(TM) Glass
CORNING, N.Y. - Corning Incorporated (NYSE: GLW) today announced a technical
collaboration through its High Performance Displays organization with AU
Optronics Corp. (NYSE: AUO). Corning is exhibiting AUO's 5-inch HD720 AMOLED
panels that feature Corning Lotus(TM) Glass in its booth (M1220) at Touch Taiwan
AUO selected the Corning Lotus Glass platform for its 5-inch HD720 AMOLED panels
because of the glass substrate's outstanding thermal and dimensional stability,
which facilitates efficient panel manufacturing during rigorous, high-
temperature processing. These HD AMOLED panels, used in smartphones, feature a
resolution of 720 x 1280.
Corning Lotus Glass offers exceptional total pitch variation performance - a
critical requirement for all high-performance display panels, such as AMOLED. In
addition, Corning Lotus Glass provides superior surface quality, excellent
thickness control, and
low body defect levels, which enable accurate component
alignment. Through these attributes, Corning Lotus Glass allows panel makers to
meet the precise manufacturing requirements necessary to produce high
resolutions, rapid response rates, vibrant images, and elevated functionality
required for emerging high-performance devices.
AMOLED technology is known for its vivid color and high contrast with a self-
emitting light source that intrinsically helps display devices reduce power
consumption. AUO's proprietary pixel design for high-resolution mobile devices
provides a variety of smartphone display solutions to its customers.
"Given our long-standing relationship with Corning and its rich history of
innovation, this high-performance, displays-focused collaboration was a natural
progression," said Frank Ko, vice president of Technology and Strategic
Development Office, AUO. "Corning's continuous product development supports our
market success by allowing us to leverage new technologies and offer innovative
product solutions to our customers."
Established in 1996, AUO provides optoelectronic solutions and offers a wide
variety of display technologies, including UHD 4K, ultra-high resolution, ultra-
slim, narrow bezel, flexible displays, transparent displays, LTPS, OLED, and
"AUO is one of the world's leaders in display technologies and design,
constantly devoting efforts to meet diverse market trends," said John Bayne,
vice president and general manager, Corning High Performance Displays. "Because
of its resiliency and strategic capabilities, we are excited to continue our
collaboration with it as we both innovate to meet new display requirements."
Touch Taiwan 2013 is being held in Taipei and runs until Aug. 30.
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.
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.
About AU Optronics
AU Optronics Corp. (AUO) is one of the world's leading providers of
optoelectronic solutions. AUO offers a full range of panel sizes and
comprehensive applications ranging from 1.5 inches to 65 inches. Based on its
profound R&D and manufacturing experience, AUO continues to develop advanced
display technologies of the next generation. AUO extended its market to the
green energy industry in 2008. By building a vertically integrated high-
efficiency solar value chain, AUO provides its customers with high-efficiency
solar solutions. AUO currently has global operations in Taiwan, Mainland China,
the U.S., Japan, South Korea, Singapore, the Netherlands, Czech and Slovakia.
Additionally, AUO is the first pure TFT-LCD manufacturer to be successfully
listed at the New York Stock Exchange (NYSE). AUO has also been named to Dow
Jones Sustainability World Index for three consecutive years from 2010 to 2012.
AUO generated NT$378.5 billion (US $13.03 billion) in sales revenue in 2012. For
more information, please visit www.AUO.com.
* 2012 year end revenue converted at an exchange rate of NTD 29.05 : USD 1.
Media Relations Contacts - Corning:
Media Relations Contacts - AUO:
886-3-5008800 ext 7259
886-3-5008800 ext 3206
Investor Relations Contact:
Ann H.S. Nicholson
View Video: Corning Lotus(TM) Glass
Follow Corning: RSS Feeds | Facebook | Twitter | YouTube
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Corning Incorporated via Thomson Reuters ONE