Corning Unveils Product To Cut Automobile Emissions.

CORNING, N.Y.--(BUSINESS WIRE)--March 2, 1999--Corning Incorporated (NYSE:GLW) introduced a new product today that it says will enable automobile manufacturers to reduce emissions by as much as 70 percent over current national standards. The company's new 900/2 catalytic converter substrate is designed to be used at the core of catalytic converters to allow automobile manufacturers to meet the nation's Super Ultra Low Emission Vehicle (Super ULEV) standards, which begin in the year 2004. The substrate was unveiled at the Society of Automotive Engineers International Congress and Exposition in Detroit.

According to the company, its new catalytic converter substrate will allow automobile manufacturers to meet the tough new standards without having to increase the size of today's catalytic converters. Corning said it believes automobile manufacturers will begin using the substrate in advance of the regulations and that some manufacturers could use them as early as next fall to reduce fleet-average emissions of automobiles, trucks and sport-utility vehicles.

The substrate will be coated with a precious-metal catalyst and then positioned at the core of the catalytic converter. Hot, untreated exhaust gases will pass through the substrate, where they will react with the catalyst and convert to harmless gases and water vapor.

"We think the 900/2 substrate will play a critical role in the development of cleaner vehicles in the 21st century," said Adriane M. Brown, vice president and general manager of Corning's Environmental Products Division. "This is the latest step in Corning's drive to develop practical solutions to help the auto industry move toward zero-level emissions."

Corning Incorporated invented the ceramic catalytic converter substrate more than 25 years ago and is a supplier today to all of the world's major automobile manufacturers.

Established in 1851, Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning manufactures optical fiber, cable and photonic components 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 total revenues in 1998 were $3.5 billion. More information on the company is available at www.corning.com, Corning's website.