EAST SYRACUSE, N.Y. & CORNING, N.Y.--(BUSINESS WIRE)--PPC Broadband Inc. (“PPC”), a Belden brand (NYSE:BDC), and Corning Optical Communications RF LLC, a subsidiary of Corning Incorporated (NYSE:GLW), are pleased to announce an important technical collaboration in the broadband connectivity field.
This global technical collaboration encompasses a range of connectivity inventions, and creates broader availability of connectivity solutions for system operators worldwide. The agreement resolves pending patent infringement and related proceedings between the companies involving Corning’s EFC series of coaxial cable connectors. The specific terms of the agreement are confidential.
“This technical collaboration recognizes the value of intellectual property covering our innovative connectivity technology and expands our commitment to the industry as our customers build advanced networks to meet the future needs of broadband,” said Dave Jackson, president of PPC. “The technology improves the reliability and efficiency of broadband communication networks, thus enabling advanced service offerings.”
“We are pleased to have reached an agreement on what we expect to be a long-term technical collaboration with the PPC team on this interconnect technology,” said Mike Bell, senior vice president and general manager, Optical Connectivity Solutions, Corning Optical Communications. “We expect the macro trends enabling the growth of this technology to continue in the future, as bandwidth intensity, cloud computing, and the number of devices connected to the internet continue to grow exponentially.”
Forward-Looking and Cautionary 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 Belden’s and 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 effect of global political,
economic and business conditions; conditions in the financial and credit
markets; currency fluctuations; tax rates; product demand and industry
capacity; competition; reliance on a concentrated customer base;
manufacturing efficiencies; cost reductions; availability of critical
components and materials; new product commercialization; pricing
fluctuations and changes in the mix of sales between premium and
non-premium products; new plant start-up or restructuring costs;
possible disruption in commercial activities due to terrorist activity,
armed conflict, political or financial instability, natural disasters,
adverse weather conditions, 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; retention of key personnel; stock price
fluctuations; and adverse litigation or regulatory developments. These
and other risk factors are detailed in Belden’s and Corning’s filings
with the Securities and Exchange Commission. Forward-looking statements
speak only as of the day that they are made, and Belden and Corning
undertake no obligation to update them in light of new information or
future events.
Digital Media Disclosure
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 intends to use its website (http://www.corning.com/worldwide/en/about-us/news-events.html)
to publish important information about the company, including
information that may be deemed material to investors. 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 PPC – a Belden Brand
With more patents in connector
technology than any other company worldwide, PPC has pioneered many of
the advancements available in the broadband industry today and is a
proven leader in the design and manufacture of connector technology for
the telecommunications and satellite industries around the globe.
Headquartered in East Syracuse, N.Y., PPC also has locations in Denmark,
St. Kitts, and China. More information is available at www.ppc-online.com.
About Corning Incorporated
Corning (www.corning.com)
is one of the world’s leading innovators in materials science. For more
than 160 years, Corning has applied its unparalleled expertise in
specialty glass, ceramics, and optical physics to develop products that
have created new industries and transformed people’s lives. Corning
succeeds through sustained investment in R&D, a unique combination of
material and process innovation, and close collaboration with customers
to solve tough technology challenges. Corning’s businesses and markets
are constantly evolving. Today, Corning’s products enable diverse
industries such as consumer electronics, telecommunications,
transportation, and life sciences. They include damage-resistant cover
glass for smartphones and tablets; precision glass for advanced
displays; optical fiber, wireless technologies, and connectivity
solutions for high-speed communications networks; trusted products that
accelerate drug discovery and manufacturing; and emissions-control
products for cars, trucks, and off-road vehicles.