Corning, Samsung Form Componet Venture

Corning, New York, February 14, 2000 -- Corning Incorporated (NYSE: GLW) and Samsung Electronics announced today that they have formed a new equity-venture company to mass- produce micro-optic products used to expand the capacity of the Internet. The new company, Samsung Corning Micro-Optics, will manufacture dense wavelength division multiplexing (DWDM) packaged components using revolutionary robotics and other automation developed by Samsung in key manufacturing steps currently done manually. As a result, the company expects enormous benefits in capacity, reproducibility, unit cost and reduced cycle time. Terms of the agreement were not disclosed.

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