C. Gkhan Doran, Division Vice President and General Manager, Corning International, said, "We're excited for the opening of our center of excellence in Gurugram. It will allow us to showcase our field-proven products and solutions and accelerate the local industry by developing fully virtualized and innovative, cloud-managed solutions for public and private 5G enterprise networks. The center reinforces our commitment to the region and reflects our desire to facilitate an open ecosystem - one that encourages the development of diverse wireless-network solutions."
Marc Bolick, Vice President, Corning Wireless said, "Innovation is one of our core values at Corning. As the inventor of low-loss optical fiber and as the world leader in passive optical communications, we are uniquely positioned to help network operators capture the opportunities of 5G in one of the world's fastest-growing economies."
"Corning India's Wireless Software Development Center of Excellence will enable Corning India's wireless teams to support the development of innovative software solutions for public and private 5G-enterprise networks, work on wireless product concepts, and focus on system engineering," said Dr. Shirish Nagaraj, Chief Technologist, Wireless, and Director, Wireless R&D, Corning Optical Communications.
"Corning is committed to providing telecom operators and industry users with an agile and customizable network infrastructure. With the new center in Gurugram, Corning will be able to meet the growing needs of its global customers, while focusing additional research and development resources on wireless-network planning and deployment solutions," said Sudhir Pillai, Managing Director, Corning India. "Locating the center in Gurugram demonstrates our continued commitment to investing in India."
About Corning Incorporated
Corning (www.corning.com) is one of the worlds 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 peoples 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. Cornings capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping its customers capture new opportunities in dynamic industries. Today, Cornings markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.
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. 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 impact across our businesses on demand, personnel, operations, our global supply chains and stock price; global economic trends, competition and geopolitical risks, or an escalation of sanctions, tariffs or other trade tensions, and related impacts on our businesses global supply chains and strategies; changes in macroeconomic and market conditions, market volatility, interest rates, capital markets, the value of securities and other financial assets, precious metals, oil, natural gas and other commodities and exchange rates (particularly between the U.S. dollar and the Japanese yen, new Taiwan dollar, euro, Chinese yuan and South Korean won), consumer demand, and the impact of such changes and volatility on our financial position and businesses; product demand and industry capacity; competitive products and pricing; availability and costs of critical components, materials, equipment, natural resources and utilities; 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; disruption to Cornings, our suppliers and manufacturers supply chain, logistics, equipment, facilities, IT systems, operations or commercial activities due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, international trade disputes or major health concerns; loss of intellectual property due to theft, cyber-attack, or disruption to our information technology infrastructure; effects of acquisitions, dispositions and other similar transactions; effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; our ability to increase margins through implementation of operational changes, pricing actions and cost reduction measures without impacting revenues; rate of technology change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and components performance issues; attraction and retention of key personnel; customer ability 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, regulations and international tax standards; 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.
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