Corning Incorporated Named ENERGY STAR Partner of the Year for 10th Year in a Row

CORNING, N.Y., March 30, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) has been named an ENERGY STAR Partner of the Year by the U.S. Environmental Protection Agency (EPA) for the 10th consecutive year. The award highlights the company’s ongoing commitment to energy efficiency and the effectiveness of its energy management programs. Only 10 companies have consistently achieved ENERGY STAR Partner of the Year for a decade.

In addition, for the eighth year in a row, Corning received the ENERGY STAR Sustained Excellence Award. The U.S. EPA presents this award to partners who have earned ENERGY STAR Partner of the Year recognition for a minimum of two consecutive years and have demonstrated how they’ve surpassed their annual achievements from previous years.

The two awards recognize Corning’s ongoing efforts to enhance energy efficiency while reducing the company’s greenhouse gas emissions and carbon footprint.

“At Corning, we believe in applying our people’s talent and expertise to help build a more sustainable world – and that includes reducing our carbon footprint,” said Wendell P. Weeks, chairman and chief executive officer. “This year’s ENERGY STAR Partner of the Year recognizes a decade of continual improvement in our energy efficiency. Our team members around the world continue to deliver – even as they raise the bar year after year.”

Corning’s 2023 ENERGY STAR Partner of the Year award reflects the company’s new and expanding energy management initiatives, which have helped advance Corning’s approach to water and waste management. The company also entered a solar-array power-purchase agreement to increase the company’s use of renewable energy by 400% by 2030.

“What drives our approach to sustainability is the idea that we can make a difference,” said Mark Steen, Ph.D., vice president of sustainability and climate initiatives. “Our tenth consecutive ENERGY STAR Partner of the Year award speaks to the difference we’ve made by investing in progress – increasing our energy efficiency over the past decade while meeting our customers’ needs, and advancing our sustainability efforts well into the future.”

“As we accelerate historic efforts to address climate change, public-private partnerships will be essential to realizing the scale of our ambition,” said EPA Administrator Michael S. Regan. “I applaud this year’s ENERGY STAR award winners for working with EPA to deliver a clean energy future that saves American consumers and businesses money and creates jobs.” 

Corning is a part of a select group of businesses and organizations that have achieved this award, which is the EPA’s most prestigious. For a complete list of 2023 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 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 our supply chain, 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, 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; 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 our 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 Contacts:        

Meredith Hoing        
(202) 774-0799
hoingmj@corning.com

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

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