Corning holds grand opening ceremony for LCD glass plant in China

Beijing plant will supply panel makers on the China mainland

Corning, N.Y. (BUSINESS WIRE) - Corning Incorporated (NYSE:GLW) today hosted a grand opening ceremony for the company's new liquid crystal display (LCD) glass substrate manufacturing facility in the People's Republic of China.

The plant, located in the Beijing Economic Technological Development Area, is the company's first TFT-LCD glass production facility on the China mainland. The opening continues Corning's trend of entering an LCD-producing region as local market demand expands. Corning currently has LCD glass facilities in the U.S., Japan, Korea and Taiwan.

"Today marks the latest chapter in Corning's history of investment in China, where our businesses have responded to the varied needs of the region's many high-technology industries," said Wendell P. Weeks, chairman and chief executive officer, Corning Incorporated. "This plant reflects our commitment to grow with our customers and to support one of China's most important industries."

John P. Bayne, president, Corning Display Technologies China, hosted the grand opening celebration, together with Weeks and James P. Clappin, president, Corning Display Technologies.

"As an industry leader in TFT-LCD glass and other advanced display products, Corning is committed to providing customers with reliable supply across our global network," said Bayne. "This facility demonstrates our commitment to China and the growing TFT industry. We have added and will continue to add many people to our organization, including highly skilled technicians and engineers, as we continue to ramp operations over the coming months."

Previously, Corning stated that it expects global demand for liquid crystal display glass to grow 25% to 30% in 2008, representing an increase of more than 450 million square feet of glass to about 2.2 billion square feet by year-end. While much of that growth is driven by the demand for LCD televisions, smaller applications like LCD monitors, notebooks, and portable devices are also strong factors in overall glass demand.

About Corning Incorporated

Corning Incorporated (www.corning.com) is the world leader in specialty glass and ceramics. Drawing on more than 150 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy and metrology.

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 in global economic and political conditions; currency fluctuations; product demand and industry capacity; competition; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; changes in the mix of sales between premium and non-premium products; new plant start-up costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political instability or major health concerns; adequacy of insurance; equity company activities; 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; stock price fluctuations; and adverse litigation or regulatory developments.

Additional 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.

Corning
Media Relations:James E. Terry, 607-974-7343 terryje@corning.com or M. Elizabeth Dann, 607-974-4989 dannme@corning.com or Media Relations - China:Lydia Lu, 011-86-21-5467-4666 x1900 lulr@corning.com or Investor Relations:Kenneth C. Sofio, 607-974-7705 sofiokc@corning.com

Epson starts volume production of new HTPS TFT panels

Epson starts volume production of new HTPS TFT panels compatible with SXGA+ - release of products compatible with high-luminance models

Tokyo (BUSINESS WIRE) - Epson (TOKYO:6724) has begun volume production of 0.96 inch (2.54 cm diagonal) high-temperature polysilicon (HTPS) TFT panels for 3LCD front projectors compatible with SXGA+.

The new panels use the latest D7 design rule process to achieve higher aperture ratios, allowing them to offer SXGA+ resolution as well as increased brightness. Further, the panels make use of high light-resistant liquid crystal material to ensure the greater light resistance also needed to increase brightness.

Due to such factors as the increasingly common practice of making presentations at companies and the growing trend of using IT in the education market, the data projector market is expected to continue to expand at an annual rate of approximately 15% (projection based on market research by Epson).

The growth in the uses of data projectors has led to demands for higher resolution and wider displays, as well as for greater brightness to meet the increasing needs presented by the use of data projectors in a wide range of situations. In order to respond to these market demands, Epson has been continuously engaged in efforts for commercialization of panels with higher aperture ratios using its own original highaperture process technology called the D series which was developed based on the process technology of each generation.

The use of D7 process technology has increased the aperture ratio to 77%, a boost of 43% over that produced by currently existing process technology. As a result, where a 0.96-inch SXGA+ panel using conventional process technology produced product luminance of 3,000 to 3,500 lm, the new panel is able to achieve product luminance of 4,000 to 5,000 lm. Due to the greater brightness, luminous intensity per unit area of the panel also increased. The light quantity per unit area, which is 11.71 lm/mm2 when the luminance is 3,500 lm, increased 42% to 16.71 lm/mm2 when the luminance is 5,000 lm.

In order to achieve greater brightness, it is important to increase brightness by increasing the aperture ratio, and also to realize greater light resistance so as to enable the product to withstand light of stronger intensity.

The 0.96-inch SXGA+ panels being put into volume production will satisfy the needs of the market for higher resolution and greater brightness by employing panels based on D7 process technology, and by utilizing LCD materials that further improve light resistance.

Plans call for the lineup of products utilizing this high light-resistant liquid crystal material to be expanded and released on the market.

Features of the new panels Aperture ratio of 77% (143% of currently existing panel) achieved for 0.96-inch SXGA (1400 x 1050) employing D7 process technology Possible to further increase brightness by using high light-resistant liquid crystal material Plans call for dedicated optical compensator (optional) to be provided for enhancing contrast New panel specifications Name Existing product L3P10Y-8x LCD type TN TN Liquid crystal material Conventional liquid crystal material High light-resistant liquid crystal material Process technology D4 D7 Effective pixels 1400 x 1050 (SXGA+) 1400 x 1050 (SXGA+) Panel size (diagonal) 0.96 inch (2.45 cm) 0.96 inch (2.45 cm) Pixel pitch 14 micrometers 14 micrometers Aperture ratio 54% 77% Related web pages Epson has established the following web pages to promote understanding of HTPS and 3LCD technologies.

http://www.epson.jp/device/e/index.htm http://www.3lcd.com/ Please see these pages for further details.

About Epson
Epson is a global leader in imaging products including printers, 3LCD projectors and small- and medium-sized LCDs. With an innovative and creative culture, Epson is dedicated to exceeding the vision and expectations of customers worldwide with products known for their superior quality, functionality, compactness and energy efficiency.

For more detailed corporate data, please visit http://www.epson.co.jp/e/company/overview.htm Seiko Epson Corp.Jasper
Credland, +81-(0)266-58-1705 Brand Strategy & Communications Dept. http://www.epson.co.jp/e/contact/