Corning Redefines Tough with Corning® Gorilla® Glass Victus® 2

Rhea-AI Summary

Corning Incorporated (GLW) has introduced Gorilla Glass Victus 2, enhancing durability to withstand drops on rough surfaces like concrete. This new glass composition maintains scratch resistance while improving drop performance from heights of up to 1 meter on concrete and up to 2 meters on asphalt. Notably, 84% of consumers prioritize durability when purchasing smartphones, underscoring market demand. The product is currently under evaluation by multiple customers and is expected to be available in the coming months, reinforcing Corning's position in the mobile consumer electronics market.

Positive

• Gorilla Glass Victus 2 improves drop resistance on rough surfaces like concrete.
• Maintains scratch resistance up to four times better than competitors.
• Currently evaluated by multiple customers, indicating strong market interest.

Negative

• None.

The Newest Gorilla Glass Better Survives Drops on Rougher Surfaces, Like Concrete

CORNING, N.Y., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today unveiled its newest glass innovation, Corning® Gorilla® Glass Victus® 2. Corning continues to push the boundaries of glass by expanding its Corning® Gorilla® Glass portfolio. With a new glass composition, Gorilla Glass Victus 2 delivers improved drop performance on rough surfaces like concrete, the world’s most abundantly engineered material, while preserving the scratch resistance of Gorilla Glass Victus.

“Smartphones are the center of our digital lives, and the requirement for exceptional scratch and drop resistance has only increased with our growing reliance on clear, damage-free displays,” said David Velasquez, vice president and general manager, Gorilla Glass. “Surfaces matter, and rough surfaces like concrete are everywhere.”

Corning’s extensive research has shown that 84% of consumers across three of the largest smartphone markets – China, India, and the United States – cite durability as the number one purchasing consideration behind brand itself.

“We challenged our scientists not only to create a glass composition that was durable enough to better survive drops from waist height onto rougher surfaces than asphalt, but to improve cover-glass performance for larger and heavier devices,” said Velasquez. “With more sophisticated and varied designs, today’s smartphones are nearly 15% heavier, and screen sizes are up to 10% larger, than they were four years ago – increasing both the stress on the cover glass and the probability of damage. Gorilla Glass Victus 2 redefines tough for consumers and OEMs.”

In lab tests, Gorilla Glass Victus 2 survived drops of up to one meter on a surface replicating concrete. Competitive aluminosilicate glasses from other manufacturers typically failed when dropped from half a meter or less. In addition, Gorilla Glass Victus 2 continued to survive drops up to two meters on a surface replicating asphalt and maintained scratch resistance up to four times better than competitive aluminosilicate.

For more than a decade, Gorilla Glass has helped revolutionize the way we communicate and transform the mobile consumer electronics industry. With nearly half a billion global consumers yet to transition to smartphones, Gorilla Glass will continue to solve tough consumer challenges and meet the needs of current and future smartphone users.

Gorilla Glass Victus 2 is currently being evaluated by multiple customers and is expected to reach the market within the next few months.

Gorilla Glass has been designed into more than 8 billion devices by more than 45 major brands. Throughout the company’s Mobile Consumer Electronics (MCE) market access platform, Corning continues its legacy of innovation with its market-leading cover glasses as well as glass and optics for semiconductor products that enhance performance, deliver new connectivity features, enable new designs, and support immersive user experiences with augmented reality and 3D sensing.

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 Corning's, 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.

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 (https://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 its customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.

Media Relations Contact:        
Gabrielle Bailey

(607) 974-6394

baileygr@corning.com

Jamie Post

(607) 974-4843

Postjl@corning.com

Investor Relations Contact:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com

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FAQ

What is Gorilla Glass Victus 2 from Corning?

Gorilla Glass Victus 2 is a new glass innovation that enhances durability, specifically designed to better survive drops on rough surfaces like concrete.

How does Gorilla Glass Victus 2 perform compared to other glasses?

In tests, Gorilla Glass Victus 2 survived drops from up to 1 meter on concrete and 2 meters on asphalt, outperforming competitive glasses which often fail at lower heights.

What percentage of consumers prioritize durability in smartphones?

84% of consumers in major markets like China, India, and the U.S. cite durability as their top purchasing consideration.

When is Gorilla Glass Victus 2 expected to hit the market?

Gorilla Glass Victus 2 is expected to reach the market within the next few months after evaluation by multiple customers.

What is the stock symbol for Corning Incorporated?

The stock symbol for Corning Incorporated is GLW.