Corning First Western Company to Open Independent Laboratory in Russia to Conduct Optics and Photonics Research.ST. PETERSBURG, Russia--(BUSINESS WIRE)--May 28, 1998--Corning Incorporated (NYSE NYSE See: New York Stock Exchange :GLW GLW Glasgow Airport (UK) GLW Gross Laden Weight GLW Good Lady Wife (Australia) ), the world's largest producer of optical fiber, has become the first western company to open an independent laboratory in Russia to conduct research in the fields of optics and photonics which are increasingly used in telecommunication networks. The laboratory, located in St. Petersburg, will initially employ approximately 30 Russian scientists, all of whom formerly worked at the Vavilov State Optical Institute or the Institute of Silicate silicate, chemical compound containing silicon, oxygen, and one or more metals, e.g., aluminum, barium, beryllium, calcium, iron, magnesium, manganese, potassium, sodium, or zirconium. Silicates may be considered chemically as salts of the various silicic acids. Chemistry, which are also located in St. Petersburg. "By integrating the St. Petersburg laboratory into our global research effort, we not only tap into extensive Russian expertise in optics and photonics, but strengthen our relationship with the scientific community in Russia," said Roger G. Ackerman, Corning's chairman and chief executive officer. Corning also has research contracts with the General Physics Institute and the Institute of Chemical Physics, both located in Moscow, where research is focused on the fields of fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber and photochemistry photochemistry, study of chemical processes that are accompanied by or catalyzed by the emission or absorption of visible light or ultraviolet radiation. A molecule in its ground (unexcited) state can absorb a quantum of light energy, or photon, and go to a . The company, which is credited with developing the first commercial optical fiber nearly 30 years ago, has laboratories located in the U.S., France and Japan, and now Russia. Corning has increased its worldwide research, development and engineering budget by almost 60 percent in the past three years, and spent over $250 million in 1997. The company is in the process of doubling the size of its flagship laboratory in Corning, New York Corning, New York is the name of two places in Steuben County, New York, although it most frequently means the City of Corning.
In addition to the St. Petersburg laboratory, Corning also has an equity venture in Russia, Samara Samara, river, Russia Samara (səmä`rə), river, c.360 mi (580 km) long, rising in the foothills of the S Urals, European Russia. It flows generally northwest, and joins the Volga River at Samara. Optical Cable Company, Ltd., which manufactures optical fiber cables for telecommunication applications. Established in 1851, Corning Incorporated creates leading-edge technologies for the fastest growing segments of the world's economy. For communications and communications-related industries, Corning manufactures optical fiber and optical networking components, high-performance glass and components for television, and other electronic displays and equipment. Corning also manufactures advanced materials for scientific and environmental markets. Corning's total revenues in 1997 were $3.5 billion.
CONTACT: Monica L. Ott
(607) 974-8769
ottml@corning.com
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