Corning, Inc. (GLW)

[$Pistol Pete$]

$GLW Corning Launches Multiuse Platform to Cost-Effectively Prepare Networks for 4G Densification and 5G

Source: GlobeNewswire


CORNING, N.Y.; JUNE 12, 2017 - Corning Incorporated (NYSE: GLW) has launched its multiuse platform, the industry's first solution to offer a combination of multifiber and single-fiber connection points, making it easier for carriers, operators, and municipalities to quickly deploy fiber-deep access networks. The multiuse platform will be featured in Corning's booth #401 at 2017 Fiber Connect, June 12-13 in Orlando, Florida.

Capable of supporting a mix of network architectures in the same fiber optic backbone, the multiuse platform is a major advancement for LTE connectivity and a 5G future.

"With current mobile demand and new wireless standards on the horizon, the need for easy access and reliable, secure connectivity will continue to surge," said Bob Whitman, vice president of market development, Carrier Networks, Corning Optical Communications. "As the leader in fiber optic networks, we're expanding our preconnectorized solutions with flexible deployment options that are cost-effective and future-ready. The multiuse platform's converged architecture is smaller and offers versatile components that can be customized to fit a wide variety of needs."

The multiuse platform includes:

A new local convergence cabinet that is significantly smaller and lighter than standard industry offerings. These cabinets house a variety of splitter types and accommodate pass-through fibers, making them easy to deploy across every network connection point. Plus, they enable a fully preterminated experience in the distribution network, eliminating the need for costly, disruptive field work. Technicians simply plug in feeder and distribution cables with factory-installed hardened connectors - meaning no field splicing is required from the cabinet out.
An expanded array of factory-installed, sealed network access points with single-fiber and multifiber options. Enabling fast, plug-and-play connectivity, these products now allow network operators to deliver a tailored mix of fiber counts for residential, business, wireless backhaul, and wholesale purposes - all from the same network location.
By eliminating splice points and offering an innovative plug-and-play cabinet, the multiuse platform's benefits include up to 50 percent savings in labor costs compared with field-termination methods, plus the assurance of factory-terminated performance. Furthering the value of traditional preconnectorized solutions, the new multiuse platform reduces total installed cost by up to 20 percent.

"Committed to enabling a world where everyone has access to broadband connectivity, Corning continuously invests in R&D to innovate technology that addresses customer challenges including speed of deployment, labor costs, performance, and network future-readiness," Whitman said.

Corning is the leader in optical fiber, cable, and connectivity solutions. Since ushering in the communications revolution with the invention of low-loss optical fiber more than four decades ago, we continue to leverage our core technologies, manufacturing assets, and close customer collaborations to deliver innovations that increase speed and capacity, while reducing installation costs, for next-generation networks.

Since 2004, Corning's preterminated products including the FlexNAP(TM) system and OptiTip® connector have enabled mass deployment of fiber to the home. Today, Corning's solutions have passed more than 35 million homes worldwide.

Also at Fiber Connect, Corning will highlight its end-to-end solutions, from the central office to the subscriber premises. Additionally, Corning experts will speak in technical forums about the short- and long-term benefits of optical fiber in access networks.

Among the Corning experts will be Kevin Bourg, optical network architect for Corning Optical Communications, who will present "Network Convergence of Carrier Services" at 9:45 a.m. on June 12. Bourg will demonstrate how a single converged fiber network supporting both wireline and wireless operations can deliver a 15-50 percent cost savings to operators.

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/news-events.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.

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Source: Corning Incorporated via Globenewswire