Erie, Pa., Native Appointed President of Corning Technologies and Elected to Corning's Board of Directors.

Business Editors

CORNING, N.Y.--(BUSINESS WIRE)--Dec. 6, 2000

Peter F. Volanakis, a native of Erie, Pa., was today named president of Corning Technologies for Corning Incorporated (NYSE:GLW) and was elected to the company's board of directors, effective January 1, 2001. In his new position, Volanakis will lead Corning's active-matrix liquid crystal display; life science and microarray technology; environmental; semiconductor equipment; projection television lens; television glass; and specialty materials businesses. Mr. Volanakis currently serves as executive vice president and general manager for Corning's Display, Science Products and Specialty Materials units.

Volanakis, 45, joined Corning in 1982. During his nearly 20-year career at Corning, he has held a variety of senior management positions in the optical products, environmental products, cable systems and display products divisions in the U.S. and abroad.

Corning's Information Display and Advanced Materials sectors are responsible for producing some of today's most in-demand technologies such as glass for LCD displays, ceramics used in catalytic converters to control automobile emissions, and microarrays for DNA research and drug development. The global market for LCD glass is currently estimated at $1 billion and is expected to grow approximately 40% next year.

Volanakis holds a bachelor's degree in economics from Dartmouth College and a master's in business administration from Dartmouth's Tuck School. He is a board member of the Samsung Corning and Samsung Corning Precision Glass Corporations, Corning Asahi Video Products and American Video Products. Volanakis was raised in Springfield, Mass., and Erie, Pa., where he attended Fairview High School. He currently resides in Corning, N.Y., with his wife Cathy and his two children, Annie, 16, and Charlie, 14. His parents, Peter and Freda Volanakis, currently reside in Erie, Pa., and Longboat Key, Florida.

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 and other communications-related industries. The company also uses advanced materials to manufacture products for scientific, semiconductor and environmental markets. Corning's revenues in 1999 were $4.7 billion.