Corning to Locate LCD Glass Finishing Facility in Beijing; Corning Will Be First TFT-LCD Glass Substrate Supplier with Production Facility on the China Mainland.

CORNING, N.Y. -- Corning Incorporated (NYSE:GLW) announced today that it will locate its liquid crystal display (LCD) glass substrate finishing facility, the first on the China mainland, in the Beijing Economic Technological Development Area. The amount of funding for the project was not disclosed.

Commenting on today's announcement Corning's Chief Executive Officer for Greater China, Clark S. Kinlin said, "I want to extend my sincere thanks and gratitude to the municipalities and authorities that we had the opportunity to work with during the selection process. As we have said many times, Corning is fully committed to the LCD industry in China and to growing with our customers in this important region of the world market. Today's announcement is further proof of that commitment."

"We are pleased that we are able to make this announcement today," said Nitin S. Kulkarni, president of Corning Display Technologies, China. "We recently concluded a rigorous site selection process, and while each location had much to offer we reached the decision that the Beijing Economic Technological Development Area is the appropriate location for our finishing facility."

Historically, Corning has been first in the LCD-producing regions in which the company operates; beginning with glass finishing and then assessing the need for other operations at a later date, based on market and customer demand. With its facility in China Corning is continuing its proven, strategic approach to developing new markets.

About Corning Incorporated

Corning Incorporated (www.corning.com) is a diversified technology company that concentrates its efforts on high-impact growth opportunities. Corning combines its expertise in specialty glass, ceramic materials, polymers and the manipulation of the properties of light, with strong process and manufacturing capabilities to develop, engineer and commercialize significant innovative products for the telecommunications, flat panel display, environmental, semiconductor, and life sciences industries.

Forward-Looking and Cautionary Statements

This press release contains forward-looking statements that involve a variety of business risks and other uncertainties that could cause actual results to differ materially. These risks and uncertainties include the possibility of changes or fluctuations in global economic and political conditions; tariffs, import duties and currency fluctuations; product demand and industry capacity; competitive products and pricing; manufacturing efficiencies; cost reductions; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; capital spending by larger customers in the liquid crystal display industry and other businesses; changes in the mix of sales between premium and non-premium products; facility expansions and new plant start-up costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political instability or major health concerns; ability to obtain financing and capital on commercially reasonable terms; adequacy and availability of insurance; capital resource and cash flow activities; capital spending; equity company activities; interest costs; acquisition and divestiture activities; the level of excess or obsolete inventory; the rate of technology change; the ability to enforce patents; product and components performance issues; changes in key personnel; stock price fluctuations; and adverse litigation or regulatory developments. These and other risk factors are identified in Corning's filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.