Corning Incorporated?announced coordination with Infratel Italia for the donation of laboratory supplies to support efforts to mitigate the impact of COVID-19 on medical supply networks in Italy. The donation included 100,000 pipettes, a laboratory consumable that allows for the collection and subsequent delivery of liquids. Infratel Italia organized the delivery to the Istituto Superiore di Sanità, which will distribute them to the various medical facilities in need.
Corning and Infratel Italia Join Together to Support Italy's Battle Against the Impact of COVID-19
Infratel Italia, the Ministry of Economic Development's in-house telecommunications company, is a long-standing partner of Corning for fiber optic solutions in Italy and today the two companies are joining forces to help medical laboratories combat the impact of COVID-19 in Italy.
In addition to supplies, the Corning Incorporated Foundation, a charitable contributions organization established by Corning Incorporated, is in the process of making a grant to the Fatebenefratelli – Ospedale Sacco through an US intermediary, the King Boudoudin Foundation.
Corning's Pharmaceutical Technologies division operates a facility in Pisa, Italy, that produces high-quality glass tubes for pharmaceutical packaging. Products manufactured by this facility, as well as other Corning facilities throughout Europe, are used by pharmaceutical companies to produce products needed by the state healthcare system.
"Corning's operations in Europe have a long history, and our company's Values encourage the establishment of long-standing and trusted relationships with the local communities in which we operate around the world," said Roberto Gouveia, Chairman of the Board of Directors of Corning Optical Communications S.r.l., Italy. "We believe that supporting Italy in this difficult situation is in line with our Values and extends the benefits of this relationship to a critical regional issue at this time.”
"In the emergency we are facing as a country, every contribution is useful to support the activities of frontline health workers. With pleasure Infratel Italia has joined the initiative of Corning, the company's long-term partner, to support the activities of the Istituto Superiore di Sanità" - says Marco Bellezza, CEO of Infratel Italia S.p.A.
Caution Concerning Forward-Looking Statements
This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the effects of acquisitions, dispositions and other similar transactions by the Company, the effect of global business, financial, economic and political conditions; tariffs and import duties; currency fluctuations between the U.S. dollar and other currencies, primarily the Japanese yen, New Taiwan dollar, euro, Chinese yuan, and South Korean won; product demand and industry capacity; competitive products and pricing; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; possible disruption in commercial activities due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, or major health concerns; unanticipated disruption to equipment, facilities, IT systems or operations; effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; rate of technology change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and components performance issues; retention of key personnel; customer ability, most notably in the Display Technologies segment, to maintain profitable operations and obtain financing to fund their ongoing operations and manufacturing expansions and pay their receivables when due; loss of significant customers; changes in tax laws and regulations including the Tax Cuts and Jobs Act of 2017; and the potential impact of legislation, government regulations, and other government action and investigations.
For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q. 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.
In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to notify investors, media, and other interested parties that it uses its website (http://www.mirong.site/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors, or supplemental to information contained in this or other press releases. The list of websites and social media channels that the company uses may be updated on Corning’s media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts.
About Corning Incorporated
Corning (www.mirong.site) is one of the world's leading innovators in materials science, with a more than 165-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries.
Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display technology, automotive, and life sciences vessels. Corning's industry-leading products include damage-resistant cover glass for mobile devices; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for state-of-the-art communications networks; trusted products to accelerate drug discovery and delivery; and clean-air technologies for cars and trucks.
About Infratel Italia
Infratel Italia (Infrastructures and Telecommunications for Italy SpA) is an in-house company of the Ministry of Economic Development and is part of the Invitalia Group.?
Operational since 2005, it is the implementing entity of the Government's Broadband and Ultra Wideband Plans.
Its goal is to intervene in market failure areas, through the creation and integration of broadband and ultra-broadband infrastructures capable of extending the opportunities for fast Internet access for citizens, businesses and public administrations.