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Press release from Business Wire

Corning Cable Systems Awarded Passive Solutions for Multi-dwelling Units in the Australian NBN Fiber to the Home Deployment

Monday, November 14, 2011

Corning Cable Systems Awarded Passive Solutions for Multi-dwelling Units in the Australian NBN Fiber to the Home Deployment21:30 EST Monday, November 14, 2011 MELBOURNE, Australia (Business Wire) -- Corning Cable Systems Pty. Ltd., part of Corning Incorporated's (NYSE:GLW) Telecommunications segment, today announced that Corning has been selected as a primary supplier of optical fiber cable and hardware to NBN Co for the Australian government's National Broadband Network (NBN) initiative to bring high-speed broadband services to the residential single-family homes (SFU) and apartments buildings or multi-dwelling units (MDU). NBN intends to pass 93 percent of Australian homes and businesses (roughly 12 million, of which more than 30 percent are MDUs) with an open-access optical fiber network providing download speeds of 100 megabits per second within the next 10 years. Corning Cable Systems Pty. Ltd. and NBN Co have signed a contract for the supply of optical cable and hardware valued at up to AUS $310 million over five years. This award supplements the NBN Co contract awarded to Corning Cable Systems Pty. Ltd. in January 2011 for the supply of optical fiber cable and hardware for single-family residences valued at up to AUS $1.2 billion. As part of the January contract, Corning announced that it will invest approximately AUS $25 million in its Clayton, Melbourne facility, related equipment and personnel training. Additionally, it was announced that Corning Cable Systems Pty. Ltd. expects to add 300 to 400 jobs at the location during peak years. As a primary supplier of optical fiber cable and hardware for the Australian government's larger National Broadband Network, Corning Cable Systems Australia is able to efficiently provide solutions for the deployment of fiber directly to the residences within multi-dwelling units throughout Australia. Use of the Corning bend-insensitive ClearCurve® single-mode optical fiber within residential homes and high-rise apartments will help ensure a successful deployment. “Corning's multi-dwelling unit solutions meet the rigorous installation challenges found within existing homes and businesses and allow for fast and easy deployments using both pre-connectorised and conventional splice solutions,” said Rainer Dittrich, managing director of Corning Cable Systems Pty. Ltd. “Corning is delighted to work in cooperation with NBN Co and bring broadband solutions to this next segment of the Australian public.” For additional information on Corning Cable Systems products and services, contact a customer service representative at 1-800-743-2675, toll free in the United States, or (+1) 828-901-5000, international, or visit the Web site at www.corning.com/cablesystems. About Corning Incorporated Corning Incorporated (www.corning.com) is the world leader in specialty glass and ceramics. Drawing on 160 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. Corning IncorporatedMedia Relations:Joseph M. Dunning, 607-974-5006dunningjm@corning.comorInvestor Relations:Kenneth C. Sofio, 607-974-7705sofiokc@corning.comorFollow Corning: RSS Feeds | Facebook | Twitter | YouTubeFollow Corning Cable Systems: YouTube