Corning Celebrates 150 Years of Innovation.

Business Editors/Hi Tech Writers

CORNING, N.Y.--(BUSINESS WIRE)--March 29, 2001

Corning Incorporated (NYSE:GLW) today kicks off its 150th anniversary year, celebrating an incredible century and a half of world-changing innovations. In an era when many companies seem to come and go overnight, Corning's ability to anticipate market needs and constantly reinvent itself has enabled the company to flourish throughout its history, and place it at the forefront of technology and innovation for the 21st century. Corning is one of only 16 companies in the Fortune 500 to mark its sesquicentennial.

"We are deeply proud of this historic anniversary and tremendously excited about the next 150 years," said John W. Loose, chief executive officer of Corning. "Corning has a heritage of innovation that has been called one of the great scientific traditions in American business. Throughout our history we have developed world-changing innovations that have created entirely new industries; including the light bulb for Thomas Edison, technology to mass-produce television tubes, and optical fiber."

Loose added, "As we celebrate our distinguished heritage throughout the year, we are also firmly focused on the future. We are confident that Corning will continue to play a leading role in bringing new technologies and innovations to the world. With our exceptional people and strong commitment to research and development, the possibilities for the future are endless."

Corning's milestone anniversary comes at a time when the company is enjoying market leading positions in some of the hottest areas of technology including optical fiber, photonics, optical networking devices, information display and advanced materials. As the Internet and e-commerce continue to drive the need for faster, more reliable bandwidth, Corning's optical networking products are in high demand. Today, Corning is a world's leading supplier of optical fiber and is focused on developing new products designed to enable the next generation of high-speed networks and systems.

Founded as the Corning Flint Glass Company in 1851, Corning quickly began its long history of inventive solutions by making the first light bulb for Thomas Edison in 1879. Throughout the years, Corning has continued to reinvent itself and transform society through such advances as mass-produced television tubes, ceramic substrates for reducing auto pollution, DNA microarrays used in genomic research, flat-panel displays for computer screens, and low-loss optical fiber, which helped to launch the Information Age.

Established in 1851, Corning Incorporated (www.corning.com) creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning manufactures optical fiber, cable and photonic products for the telecommunications industry; and high-performance displays and components for television and other communications-related industries. The company also uses advanced materials to manufacture products for scientific, semiconductor and environmental markets. Corning's revenues in 2000 were $7.1 billion.