Corning Celebrates Sullivan Park Expansion Groundbreaking

Corning Celebrates Sullivan Park Expansion Groundbreaking

November 14, 2007

Governor Applauds Commitment to Continued Investment in New
York


    CORNING, N.Y., Nov. 14 /Xinhua-PRNewswire/ -- Corning
Incorporated (NYSE: GLW) broke ground on Nov 13, 2007 on a
previously announced $300 million facility improvement plan
for the company's Sullivan Park Research and Development
campus near Corning, N.Y.  New York Governor Eliot Spitzer
helped lead the ceremonial groundbreaking, along with
Corning leadership, employees and invited dignitaries. 

    (Logo: http://www.xprn.com/xprn/sa/200708141205-min.jpg
)

    The expansion plan at Corning's world-leading research
center includes significant renovation of an existing
research and development building and construction of a new
facility.  Results are expected to include increased
operational efficiency, flexibility, space utilization and
energy efficiency. All phases of this project are expected
to be completed by 2013, with expenditures phased over the
course of this six-year period. 

    Corning Chairman and Chief Executive Officer Wendell P.
Weeks set the stage as he spoke to Corning's long history of
successful innovation.  Next year marks 100 years of
dedicated research at Corning -- an achievement that only
five U.S. companies can claim.  "Today's
groundbreaking represents an important milestone in our
continuing commitment to excellence in research and
development, and to the southern tier of New York
State," Weeks said. 

    Weeks traced Corning's history of research
breakthroughs from developing the glass envelope to
commercialize Thomas Edison's electric light bulb, to
cathode ray tubes that enabled the growth of television, to
today's newest game-changing technology, ultra-bendable
fiber. 

    "Today's announcement demonstrates that great
companies like Corning are investing in Upstate New York's
innovation economy because they understand its
potential," said Governor Spitzer.  "These are
the type of key projects that will continue to drive the
revival of the Upstate economy and the Southern Tier."


    Corning Chief Technology Officer Dr. Joseph A. Miller
spoke of Corning as an organization that thrives on
creating first-of-a-kind, life-changing innovations.  He
attributed Corning's ongoing success in research and
development to a special recipe: a centralized and
collaborative R&D environment, a vibrant innovation
heritage, and a community of talented employees to whom
Miller dedicated the event.  "They are delivering the
inventions and innovations that will not only grow Corning,
but will contribute to the well-being of this region,"
Miller said. 

    Assistance for this expansion project has been offered
by the Empire State Development Corporation, the New York
State Energy Research and Development Authority, and the
New York State Department of Transportation in the forms
of: a $1.5 million capital grant; up to $1.5 million in
project funding; and up to $750,000 in Industrial Access
Program funding, respectively.  The Industrial Access
Program funding is to be applied for by the town or county.


    About Corning Incorporated
 
    Corning Incorporated ( http://www.corning.com ) is the
world leader in specialty glass and ceramics.  Drawing on
more than 150 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.


    Forward-Looking and Cautionary Statements

    This press release contains forward-looking statements
that involve a variety of business risks and other
uncertainties that could cause actual results to differ
materially. These risks and uncertainties include the
possibility of changes or fluctuations in global economic
and political conditions; tariffs, import duties and
currency fluctuations; product demand and industry
capacity; competitive products and pricing; manufacturing
efficiencies; cost reductions; availability and costs of
critical components and materials; new product development
and commercialization; order activity and demand from major
customers; capital spending by larger customers in the
liquid crystal display industry and other businesses;
changes in the mix of sales between premium and non-premium
products; facility expansions and new plant start-up costs;
possible disruption in commercial activities due to
terrorist activity, armed conflict, political instability
or major health concerns; ability to obtain financing and
capital on commercially reasonable terms; adequacy and
availability of insurance; capital resource and cash flow
activities; capital spending; equity company activities;
interest costs; 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; changes in key
personnel; stock price fluctuations; and adverse litigation
or regulatory developments.  These and other risk factors
are identified in Corning's filings with the Securities and
Exchange Commission.  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.


    For more information, please contact:

     Kelli Hopp-Michlosky
     Tel:   [phone]
     Email: [e-mail]