CORNING, N.Y.; APRIL 23, 2019- Corning Incorporated (GLW) announced that it has formalized an agreement with OtterBox to market Amplify, a new line of screen protectors for smartphones, tablets and other mobile devices. Built on Corning`s glass science and engineering expertise, this latest solution for the mobile consumer electronics industry addresses many of the challenges faced by consumers using existing screen protectors - including the desire for better scratch resistance and durability to handle everyday use, while preserving the beauty of their device.
"Corning saw an opportunity to improve performance for those seeking added protection for their mobile devices," said John Bayne, senior vice president and general manager, Corning® Gorilla® Glass. "Many of the existing screen protection products were under-serving the market. The collaboration with OtterBox couples Corning`s industry-leading expertise in glass technology and proprietary manufacturing processes with OtterBox` s world-class customer service and superior global market access."
Corning joined forces with the No.1 selling smartphone case brand in the U.S. with the firm belief that the combination of their complementary strengths has established a new standard in glass screen protection.
"Consumers are spending more and more money on their smartphones," said OtterBox Chief Executive Officer Jim Parke. "Their phone screen is the window into their world and a gateway to their most important memories. They want that protected. By working with Corning, we will be able to meet those demands better than ever before."
Amplify screen protectors are made from an ion-exchanged aluminosilicate glass composition that has been specially formulated for screen protectors. On average, Amplify screen protectors provide up to five times better scratch performance and 25 percent less visible scratches than the leading glass alternative in lab tests. Amplify is designed for long-lasting protection and is easy to install.
Amplify screen protectors are now available on Otterbox.com and in corporate Verizon retail stores in the U.S.
Caution Concerning Forward-Looking 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 effects of acquisitions, dispositions and other similar transactions by the Company, the effect of 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; unanticipated disruption to 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, most notably in the Display Technologies segment, to maintain profitable operations and obtain financing to fund their ongoing operations and manufacturing expansions and pay their receivables when due; loss of significant customers; changes in tax laws and regulations including the Tax Cuts and Jobs Act of 2017; and the potential impact of legislation, government regulations, and other government action and investigations.
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. 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.
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About Corning Incorporated
Corning (www.corning.com) is one of the world`s leading innovators in materials science, with a more than 165-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 technology, automotive, and life sciences vessels. Corning`s industry-leading products include damage-resistant cover glass for mobile devices; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for state-of-the-art communications networks; trusted products to accelerate drug discovery and delivery; and clean-air technologies for cars and trucks.
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Source: Corning Incorporated via GlobeNewswire