Oak Frequency Control Group Unveils New Name: Corning Frequency Control Inc.

Business & High Tech Editors

CORNING, N.Y.--(BUSINESS WIRE)--Sept. 8, 2000

Leading manufacturer of precision frequency control

devices remains committed to excellent customer service

and developing innovative products

Today, the Oak Frequency Control Group (OFCG) name will be retired as the group officially adopts its new name: Corning Frequency Control Inc.

The name change is a result of Corning Incorporated's (NYSE:GLW) recent acquisition of Oak Industries, OFCG's former parent company. Corning Frequency Control will strengthen Corning Incorporated's position as an industry-leading supplier of opto-electronic and photonic devices to the telecommunications industry worldwide.

Facilities throughout North America, Europe, and Asia will begin to reflect the new Corning Incorporated logo in September 2000. Worldwide implementation of Corning Frequency Control's new look and name will continue into 2001.

All of the companies which formerly comprised OFCG will continue to operate as subsidiaries of Corning Frequency Control Inc. Several brand names are now consolidated into the Corning Frequency Control product line, including Croven Crystals (Whitby, ONT); HES (Kansas City, KS); McCoy Crystals (Mercersburg, PA); OCC (Shanghai, China); OFC (Mount Holly Springs, PA) and Piezo-Crystal (Carlisle, PA). In Europe, the Tele Quarz brand (Neckarbischofsheim, Germany) will be retained, along with the new Corning Frequency Control brand.

For Corning Frequency Control's customers, the name change provides additional benefits and maintains the same high level of customer commitment. The products and services within Corning Frequency Control will remain unchanged. Furthermore, customers can expect the same quality of service and the same dedication of account teams that they have depended on since 1936, combined with an even higher level of technical innovation made possible through Corning Incorporated.

"The consolidation of our frequency control products under our new Corning Frequency Control name will have a positive effect for our customers," said Bob Ecklin, Executive Vice President of Corning Incorporated. "Our focused approach will help position the Corning brand for success in the precision frequency control segment of today's competitive communications industry. Corning is committed to building an unrivaled, customer-focused products organization with both a global reach and a strong commitment to quality."

Corning Frequency Control designs and manufactures precision crystal oscillators, resonators, and filters that serve as stable frequency references for a broad range of wireless and wireline communications technologies. Applications include cellular, personal communications systems (PCS), wireless base stations, telecom switching systems, and WAN/LAN equipment, including optical networking, test instrumentation, and satellite communications. For more information, contact a Corning Frequency Control representative, or visit our website at http://www.corning.com/frequency.

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.