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Corning Named 2021 ENERGY STAR® Partner of the Year

Energy management program recognized for eighth consecutive year

CORNING, N.Y., April 13, 2021 (GLOBE NEWSWIRE) — Corning Incorporated (NYSE: GLW) today announced it has been named a 2021 ENERGY STAR® Partner of the Year – Sustained Excellence recipient by the U.S. Environmental Protection Agency (EPA) for continued commitment to energy efficiency.

“We’re honored to be named a 2021 ENERGY STAR Partner of the Year,” said Wendell P. Weeks, chairman and chief executive officer. “We continuously strive to better our company, our communities, and our environment. Last year, for the first time, we announced 12 global sustainability goals, three of which highlighted our environmental commitments to energy, water, and waste management. In our ongoing commitment to sustainability, we look forward to achieving those goals, setting new ones, and continuing our partnership with the EPA.” 

Partner of the Year is the EPA’s most prestigious award, with the Sustained Excellence designation reserved for companies achieving Partner of the Year status several years in a row and making continued improvements to their energy management programs. This is Corning’s eighth consecutive year earning Partner of the Year recognition and its sixth consecutive year achieving Sustained Excellence.

“ENERGY STAR award-winning partners are showing the world that delivering real climate solutions makes good business sense and promotes job growth,” said EPA Administrator Michael S. Regan. “Many of them have been doing it for years, inspiring all of us who are committed to tackling the climate crisis and leading the way to a clean energy economy.”

Corning launched its Global Energy Management program in 2006 to create and execute effective energy strategies. The program has grown to include teams that implement energy- and water-savings projects at Corning facilities worldwide.

In its 2021 award application, Corning highlighted:

  • Improving companywide energy productivity by more than 31% since 2006
  • Continuing investment in renewable energy and ranking among the top 25 corporate solar energy users in the U.S. by the Solar Energy Industries Association
  • Achieving the ENERGY STAR Challenge for Industry at eight additional Corning manufacturing facilities in 2020, for a total of 37 global sites
  • Earning recognition from ENERGY STAR industrial partners as a 2020 Top Project winner for a water-conservation and byproduct-recycling project at Corning’s Concord, North Carolina, facility
  • Surpassing $570 million in energy savings for the company since 2006

Corning is a part of a select group of businesses and organizations that achieved this award. For a complete list of 2021 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.

Caution Concerning Forward-Looking Statements

The statements contained in this release that are not historical facts or information and contain words such as “will,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “seek,” “see,” “would,” and “target” and similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and include estimates and assumptions related to economic, competitive and legislative developments. Such statements relate to future events that by their nature address matters that are, to different degrees, uncertain. These estimates are subject to change and uncertainty which are, in many instances, beyond our control. There can be no assurance that future developments will be in accordance with management’s expectations. Actual results could differ materially from those expected by us, depending on the outcome of various factors. We do not undertake to update forward-looking statements. 

Although the Company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, current estimates and forecasts, general economic conditions, its knowledge of its business, and key performance indicators that impact the Company, actual results could differ materially.  The Company does not undertake to update forward-looking statements.  Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to: the duration and severity of the COVID-19 pandemic, and its ultimate impact across our businesses on demand, operations and our global supply chains; the effects of acquisitions, dispositions and other similar transactions; global business, financial, economic and political conditions; tariffs and import duties; currency fluctuations between the U.S. dollar and other currencies, primarily the Japanese yen, new Taiwan dollar, euro, Chinese yuan and South Korean won; product demand and industry capacity; competitive products and pricing; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; possible disruption in commercial activities due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, or major health concerns; loss of intellectual property due to theft, cyber-attack, or disruption to our information technology infrastructure; unanticipated disruption to equipment, facilities, IT systems or operations; effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; rate of technology change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and components performance issues; retention of key personnel; customer ability, most notably in the Display Technologies segment, to maintain profitable operations and obtain financing to fund ongoing operations and manufacturing expansions and pay receivables when due; loss of significant customers; changes in tax laws and regulations including the 2017 Tax Cuts and Jobs Act; the impacts of audits by taxing authorities; the potential impact of legislation, government regulations, and other government action and investigations; and other risks detailed in Corning’s SEC filings.

For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q.

Web 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 uses 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, or supplemental to information contained in this or other press releases. 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, with a 170-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people’s lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning’s capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning’s markets include optical communications, mobile consumer electronics, display, automotive, and life sciences.

Media Relations Contact:   
Pamela Porter                                     
(607) 974-9980                                              
[email protected]
           
Investor Relations Contact:
Ann H.S. Nicholson
(607) 974-6716
[email protected]

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