Corning Remains Key Supplier to Lucent's Optical Systems - Company Business and Marketing

Cambridge Telcom Report, August 23, 1999

Corning Incorporated (NYSE:GLW) has issued a statement in response to inaccurate rumors that it is no longer a supplier of optical amplifiers to Lucent Technologies' WaveStar OLS 400G system. Corning confirmed that it is currently shipping amplifiers and other products to Lucent for the WaveStar 400G system and that the corresponding agreement with Lucent announced in February of 1998 remains intact. The company also said that it is expanding its manufacturing capacity to meet growing demand for its optical amplifiers from Lucent and other customers worldwide.

Commenting on the rumors, Gerry Fine, vice president and general manager of Corning's Photonic Technologies Division, said, "Reports that we are no longer supplying optical amplifiers for the WaveStar 400G system are unfounded. We have been a leading supplier of dense WDM amplifiers to Lucent since 1995, are the world's leading supplier of DWDM amplifier modules, and are confident that we will strengthen our leadership position in 2000 and beyond."

The company's Photonics Technologies Division had sales of $275 million last year and increased revenues 100 percent in the second quarter of 1999, compared with the second quarter of 1998.

Established in 1851, Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning manufactures optical fiber, cable and photonic products for the telecommunications industry; and high-performance displays and components for television and other communications-related industries. The company also uses advanced materials to manufacture products for scientific, semiconductor and environmental markets. Corning's revenues in 1998 were $3.5 billion. More information on the company is available at www.corning.com.