Corning MetroCor Optical Fiber Awarded R&D Magazine 2001 'R&D 100 Award'.

Business & Technology Editors

CORNING, N.Y.--(BUSINESS WIRE)--Oct. 2, 2001

Corning Incorporated (NYSE:GLW) announced today that Corning(R) MetroCor(TM) optical fiber was selected for the esteemed R&D Magazine 2001 "R&D 100 Award."

The award will be presented at a ceremony on October 4th at the Chicago Museum of Science & Industry in Chicago, Illinois. The award recognizes the 100 most technologically significant new products of the year. This is the second award Corning has been presented on behalf of MetroCor fiber in 2001.

R&D Magazine's award committee selected MetroCor fiber based on its innovative design that allows network providers long-term, cost-effective solutions for the unique demands of high-speed metro ring networks. Award recipients were critiqued on their ability to bring new conveniences, increase well-being, and revolutionize the way we live. Corning continues to extend its industry leadership by securing technological awards for optical fiber products. In 1999, Corning(R) LEAF(R) fiber was awarded the "R&D 100 Award."

Curt Weinstein, director, Metro Fiber, Corning commented, "We are very pleased to have MetroCor fiber acknowledged as one of the most technologically significant new products of the year. We truly believe that MetroCor fiber's leading-edge technology has opened the door to addressing metropolitan bottleneck issues by offering network providers distinct capabilities and economic advantages. We are confident that MetroCor fiber will continue to prove itself as one of the most technologically advanced products available."

MetroCor fiber meets the telecommunications industry's needs by enabling metropolitan networks to carry high-density data traffic while reducing complexity and network costs. Allowing for a seamless transition from standard to higher data rate applications, MetroCor fiber is compatible with single-mode fibers. By reducing the electrical regeneration and dispersion compensation required to maintain signal integrity, MetroCor fiber directly addresses the significant bandwidth growth rate that metropolitan areas and private enterprise networks are currently facing.

As the demand for cost-effective bandwidth solutions for the metropolitan market continues to grow, MetroCor fiber is becoming the advanced fiber of choice for leading metro network providers. To date, key MetroCor fiber customers include Carrier1, Fiberworks, Level 3 Communications, LightSpeed Fiber Network, Looking Glass Networks, Telergy Incorporated, Qwest Communications, Procter & Gamble, Charter Communications, and Williams Communications.

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, information technology and other communications-related industries. The company also uses advanced materials to manufacture products for scientific, semiconductor and environmental markets. Corning revenues for 2000 were $7.1 billion.