Energy management program recognized for sixth consecutive year
CORNING, N.Y. - Corning Incorporated (GLW) announced today it has been named a 2019 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 an Energy Star Partner of the Year for the sixth year in a row," said Wendell P. Weeks, Corning`s chairman, chief executive officer, and president. "This recognition validates our ongoing commitment to sustainability and illustrates that how we do things is as important as what we achieve - for our employees, our communities, and our planet."
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 sixth consecutive year earning Partner of the Year recognition and its fourth year achieving Sustained Excellence.
"I applaud the 2019 ENERGY STAR award winners," said Bill Wehrum, EPA assistant administrator for Air and Radiation. "Their innovation and leadership enhance America`s economic competitiveness. Reducing costly energy waste improves air quality and public health while protecting the environment."
Corning launched its Global Energy Management (GEM) program in 2006 to create and execute effective energy strategies. Today, the program has grown to include teams at every Corning facility around the world that implement energy- and water-saving projects, such as integrating water recycling systems, recycling heat generated by equipment, installing LED lights, and utilizing solar panels.
In its 2019 award application, Corning highlighted:
- Improving companywide energy productivity by 35 percent since 2006.
- Cutting greenhouse gas emissions by more than 2.3 million metric tons since 2006, equivalent to the carbon dioxide emissions from nearly 250,000 homes in the U.S. over a one-year period.
- Investing in renewable energy, including constructing a solar array at its plant in Oneonta, New York, and at two facilities in Taiwan.
- Joining Apple`s China Clean Energy Fund.
- Launching an Employee Community Solar Program, in which employees can source portions of their home`s electricity from community solar fields.
- Achieving ENERGY STAR® Challenge for Industry at 20 global manufacturing plants since 2015.
- Reducing energy intensity at its optical fiber and cable plants by 50 percent.
- Providing high-tech equipment to help combat harmful algal blooms in the Finger Lakes region of New York and sponsoring an annual community meeting to educate the public on the impact of HABs.
- Surpassing half a billion dollars in energy savings for the company since 2006.
"The GEM teams at all of Corning`s facilities and plants around the world have really stepped up when it comes to looking for innovative ways to conserve energy and water," said Patrick Jackson, director of GEM. "It is their dedication toward energy efficiency improvements that has led to Corning`s success and recognition with ENERGY STAR."
Corning is part of a select group of manufacturers among the businesses and organizations earning ENERGY STAR Partner of the Year. All recipients will be recognized on April 11 in Washington, D.C.
In 2017 alone, ENERGY STAR and its partners helped Americans save $30 billion in energy costs. For a complete list of 2019 winners and more information about ENERGY STAR`s awards program, visit energystar.gov/awardwinners.
Forward-Looking and Cautionary Statements
This press release contains "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning`s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the effect of global political, economic and business conditions; conditions in the financial and credit markets; currency fluctuations; tax rates; product demand and industry capacity; competition; reliance on a concentrated customer base; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; pricing fluctuations and changes in the mix of sales between premium and non-premium products; new plant start-up or restructuring costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political or financial instability, natural disasters, adverse weather conditions, or major health concerns; adequacy of insurance; equity company activities; acquisition and divestiture activities; the level of excess or obsolete inventory; the rate of technology change; the ability to enforce patents; product and components performance issues; retention of key personnel; stock price fluctuations; and adverse litigation or regulatory developments. These and other risk factors are detailed in Corning`s filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.
Digital Media 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 intends to use 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. 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. For more than 160 years, Corning has applied its unparalleled expertise in specialty glass, ceramics, and optical physics to develop products that have created new industries and transformed people`s lives. Corning succeeds through sustained investment in R&D, a unique combination of material and process innovation, and close collaboration with customers to solve tough technology challenges. Corning`s businesses and markets are constantly evolving. Today, Corning`s products enable diverse industries such as consumer electronics, telecommunications, transportation, and life sciences. They include damage-resistant cover glass for smartphones and tablets; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for high-speed communications networks; trusted products that accelerate drug discovery and manufacturing; and emissions-control products for cars, trucks, and off-road vehicles.
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Source: Corning Incorporated via GlobeNewswire