Corning Incorporated (NYSE: GLW) announced on Thursday that it is working with Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), to develop 5G mmWave infrastructure systems for enterprises and public venues. The 5G systems are designed to combine Qualcomm Technologies’ 5G and mmWave technology leadership with Corning’s industry-proven small-cell expertise to deliver affordable and easy-to-install 5G-ready networks indoors.
The Corning systems are expected to be among the first designed to deliver 5G–NR capability over mmWave spectrum in the indoor segment, which includes enterprises such as offices, university campuses, hospitals, hotels, shopping centers, and more. The 5G systems will leverage Corning’s virtualized RAN architecture to manage the attached mmWave small cells.
By utilizing the Qualcomm? FSM100xx 5G RAN platform, Corning has access to leading-edge mmWave capabilities that are designed to facilitate small, powerful, and power-efficient mmWave infrastructure for cost-effective and scalable indoor deployments.?
The working relationship is expected to enable Corning to implement new functionality around concurrent beamforming, advanced scheduling, and other features necessary to support the unique characteristics of indoor environments.? When combined with Corning’s LTE-based Enterprise RAN systems based on the Qualcomm FSM99xx 4G RAN platform, mobile operators can rapidly deploy 5G-NSA services.
“Corning has decades of experience designing, installing, and conditioning advanced cellular networks,” said Michelle Engarto, vice president, wireless product line management, Corning Optical Communications. “Our experience in network design and knowledge of varying and distinct customer requirements will benefit customers as we navigate the complexities associated with 5G mmWave indoors. By combining the technology leadership and experience from Corning and Qualcomm Technologies, we aim to offer a compelling and affordable solution for 5G mmWave systems specifically developed with the enterprise in mind.”
“Corning and Qualcomm Technologies have a history of delivering infrastructure innovation spanning LTE, LTE-U/LAA, CBRS, and more,” said Puneet Sethi, senior director, product management, Qualcomm Technologies, Inc. “We are now pleased to be ramping our fruitful relationship with Corning into the 5G era. We expect this marriage of Qualcomm Technologies’ 5G mmWave technology leadership with Corning’s industry-proven small-cell and enterprise expertise to deliver the capacity and performance benefits of 5G mmWave indoors, via development of cost effective, powerful, and scalable 5G mmWave infrastructure.”
Corning hardware is known for its small, elegant, low-power packages, and the goal is for customers to receive the same with this 5G solution, supported by Qualcomm Technologies 4G and 5G RAN offerings. Corning’s current 4G customers are expected to enjoy the benefits of 5G via a simple process that enables 5G-NSA service to their installations.
Details on the commercial availability of Corning’s new enterprise platform will be provided later this year. Visit Corning’s website to learn more about Corning’s in-building network solutions.
Qualcomm and FSM are trademarks of Qualcomm incorporated, registered in the United States and other countries.
Qualcomm FSM is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.
Caution Concerning Forward-Looking 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 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 effects of acquisitions, dispositions and other similar transactions by the Company, the effect of global business, financial, economic and political conditions; tariffs and import duties; currency fluctuations between the U.S. dollar and other currencies, primarily the Japanese yen, New Taiwan dollar, euro, Chinese yuan, and South Korean won; product demand and industry capacity; competitive products and pricing; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; possible disruption in commercial activities due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, or major health concerns; unanticipated disruption to equipment, facilities, IT systems or operations; effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; rate of technology change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and components performance issues; retention of key personnel; customer ability, most notably in the Display Technologies segment, to maintain profitable operations and obtain financing to fund their ongoing operations and manufacturing expansions and pay their receivables when due; loss of significant customers; changes in tax laws and regulations including the Tax Cuts and Jobs Act of 2017; and the potential impact of legislation, government regulations, and other government action and investigations.
For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.
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 uses its website (http://www.31renran.icu/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors, or supplemental to information contained in this or other press releases. 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 Corning Incorporated
Corning (www.31renran.icu) is one of the world's leading innovators in materials science, with a more than 165-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries.
Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display technology, automotive, and life sciences vessels. Corning's industry-leading products include damage-resistant cover glass for mobile devices; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for state-of-the-art communications networks; trusted products to accelerate drug discovery and delivery; and clean-air technologies for cars and trucks.