Corning and Foseco Sign Long-Term Supply Contract for High-Efficiency Metal Casting Filters.

Business Editors

CORNING, N.Y.--(BUSINESS WIRE)--Aug. 5, 2002

Corning Incorporated (NYSE:GLW) and Foseco Metallurgical Inc. today announced they have signed a new three-year contract to supply Corning extruded ceramic molten metal filters to Foseco.

The agreement, valued at approximately $40 million, will provide the foundry industry in North America with Corning extruded ceramic molten metal filters, used by foundries to improve the quality and yields of metal castings.

Under the contract, Foseco will continue to provide warehouse, distribution, technical support and marketing services for Corning's extruded ceramic filters, branded Celtex(R) in North America.

Foseco, a leading provider of foundry equipment and supplies, has distributed and marketed Corning-manufactured molten metal filters in North America for almost two decades. Corning invented the extruded ceramic filter and patented the extrusion process for manufacturing in the early 1970s and has been a leading ceramic filter supplier for the past three decades.

Steven P. Suttle, vice president and general manager, Corning Environmental Technologies, said, "We are extremely pleased that we can continue delivering a full range of premium-quality, high-performance Corning filters to customers in cooperation with our long-time North American distribution partner, Foseco."

Corning extruded ceramic molten metal filters provide foundries with a high-performance, easy-to-apply method for removing impurities from molten metal as it is being cast. Extruded ceramic molten metal filters provide fast, consistent flow rates, which lead to higher yields, improved quality, and lower production costs for foundries. The filters are used to produce castings, including high-integrity casting components used by automotive, light- and heavy-duty truck and agricultural equipment manufacturers in locations throughout the world.

Combining Foseco's marketing and distribution expertise with Corning's material science expertise gives foundry customers a reliable source of superior filtration products. Corning extruded ceramic molten metal filters are available in a variety of sizes and cell geometries to meet a broad range of foundry needs worldwide. To learn more about Corning extruded ceramic molten metal filter products, visit: http://www.corning.com/environmentaltechnologies.

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 2001 were $6.3 billion.