Corning Incorporated (NYSE: GLW) announced today it has been named a 2018 ENERGY STAR® Partner of the Year – Sustained Excellence recipient by the U.S. Environmental Protection Agency for continued commitment to energy efficiency.
“We’re honored to be named an ENERGY STAR Partner of the Year for the fifth year in a row,” said Wendell P. Weeks, Corning’s chairman, chief executive officer and president. “This is a tremendous accomplishment that illustrates our ongoing commitment to responsible energy management. We’re proud to make a positive difference 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. As Corning receives its fifth consecutive Partner of the Year recognition, it is proud to also record three straight years achieving Sustained Excellence.
“The 2018 ENERGY STAR Partners of the Year have demonstrated real leadership, showing how American families and businesses can save energy, save money, and reduce air emissions,” said Bill Wehrum, EPA assistant administrator for Air and Radiation.
Corning launched its Global Energy Management (GEM) program in 2006 to create and execute effective energy strategies. Since then, the program has grown to include energy teams at every Corning facility around the world.
“Corning operates with a focus on sustainability, and we strive for continuous improvement in everything we do,” said Lisa Ferrero, senior vice president and chief administrative officer. “Delivering new energy savings, year after year, shows our commitment to both of these priorities, so to have ENERGY STAR consistently validate these efforts as best practices is very meaningful for us.”
Corning’s GEM teams implement energy- and water-saving projects, such as integrating water recycling systems, improving process and equipment energy efficiency, and installing LED light fixtures and solar panels. Since 2006, these efforts have improved Corning’s energy efficiency by more than 35 percent and have saved the company nearly half a billion dollars.
“The energy landscape has changed vastly over the past decade, and our relationship with ENERGY STAR is more valuable than ever,” said Patrick Jackson, director, GEM. “It’s been integral in the development and progress of our program, and achieving this recognition for the past five years is proof we’re on the right track. We look forward to achieving new energy management goals to help protect our planet’s resources.”
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 20 in Washington, D.C.
“Congratulations to Corning and its energy teams on the company’s fifth ENERGY STAR Partner of the Year award,” said former New York State Gov. George E. Pataki, whose administration helped Corning form its GEM program at a time when energy management was a fairly new concept for many large manufacturers. “I’m very pleased to see the progress Corning has made since its program’s inception, and hope this encourages other companies to follow suit in practicing energy efficiency.”
In 2016 alone, ENERGY STAR-certified products, homes, buildings, and plants helped Americans save over $30 billion in energy costs and approximately 400 billion kilowatt-hours of electricity while achieving broad emissions reductions.
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.
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, 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 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.