This could be a game changer....
Lead with technology again.
Yes, they finally got an order, a good sign, still way in the future I believe, but glad to see at least one customer wants to buy - you need to start with the first one - wish they had said more about who and how much.
That's great but solar is collapsing and GLW makes almost all its money from TV screens. GLW is definitely undervalued, but its amazing that its almost profitless on everything except big-screen glass. One would think that Gorilla glass, for example, might actually make some money (but it doesn't). Oh well, at least its really obvious what GLW needs to do with big-screen glass production. Its as though the big-screen manufacturers want to sell out of inventory! We know this can only be a short-term situation!
Uh, if you think gg is profitless...you need to read the earnings report. LOOK for big profit in specialty materials in Q1.
Reasons for expense write offs in this division previously. Margins in Spec Materials will be OUTSTANDING in Q1.
Also, LOOK for profits in Telecom and Environmental this year.
This ain't no one trick pony, with 5 segments poised.....like a cobra....ready to strike!!
This is a game changer. And, my favorite part is that it is made in Kentucky!! American jobs!
"Corning's photovoltaic glass substrates are also 50% stronger with less than half the thickness of the glass commonly used today in thin-film PV modules. Corning's photovoltaic glass is being produced at its Harrodsburg, Kentucky plant, where Corning(R) Gorilla(R) Glass, a protective cover for high-end display devices, and EAGLE XG(R) glass, the leading substrate within the display industry, were also developed."
You should realize that all initial sales of all flat glass (fusion made) products for Corning are made in Kentucky (Harrodsburg plant). That is where the first LCD glass was made, that was where the first Gorilla Glass was made - unfortunately, this is more like a development facility, and when high volume comes, Corning moves the business to Asia (like LCD and Gorilla). Would be nice to see more U.S. business, but since customers aren't here, and shipping costs are high, it is understandable, though unfortunate, why Corning moves manufactuing overseas.
>>Corning has been an important holding for us over the years. They have been the leader in all kinds of glass substrates that relate to energy and communications. Lately, the stock has been in the tank, but this new technology, IMO, will bring about a recover. Solar is getting more price competitive, and the sun is likely good for at least the next million years, which probably exceeds our lifetime. This will even the "playing field" with China. <<
GLW is a Third Indudtrial Revelution leader in energy and communications.
This is a huge market and they can dominate both the solar thermal with mirrors and Photovolcanic with the glass panels as the solar energy is just getting stated.
“The substantial efficiency improvement of our glass technology has been demonstrated in lab and customer trials. Now, this order validates the need for engineered glass to drive higher conversion efficiency and can provide module makers with a competitive advantage.”
Corning’s PV glass substrates can increase current thin-film module efficiency by 20% to 30%. The glass has high transmission, allowing more sunlight into the semiconductor layer. Corning’s substrates are also high-temperature tolerant. Because the glass can withstand higher temperature deposition, more uniform semiconductor films may be applied, which increases overall conversion efficiency.
John Duke, business director for Corning Photovoltaic Glass Technologies, said, “Corning is committed to offering innovative glass substrates that enable increased solar conversion efficiency. This is just the beginning.”
That's like stating the obvious, of course the first order is just the beginning - this could have long term potential - hope it is profitable, as the solar industry is really down and dirty on pricing - but if Corning has a good (great) product, at least they have one new business on the horizon.