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.