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Convergence
India 2005
March
16, 2005
Corning, AUO sign supply agreement
for Generation 6 LCD glass
UNITED
STATES -- Corning Inc. recently announced the execution
of a long-term purchase and supply agreement for large-size
liquid crystal display (LCD) glass substrates with AU
Optronics Corp.
Under
the agreement, Corning Display Technologies Taiwan Co.
Ltd. will supply significant quantities of Generation
6 LCD glass to AU Optronics (AUO) for its new LCD fabrication
facility in Taichung, Taiwan. As part of the agreement,
AUO will prepay Corning in several installments. AUO
will use the installments in form of credits against
future glass purchases over the life of contract.
James
P. Clappin, general manager of display technologies
business and president of display technologies Asia,
Corning, said: "This agreement exemplifies the
solid relationship that AUO and Corning have forged
from the beginning of Taiwan's LCD industry. Both companies
win by sharing a clear line of sight into our mutual
supply and demand needs for Generation 6 substrates.
AUO is assured of an ongoing supply of premium quality
LCD glass to meet its customer requirements."
Contact:
Corning Display Technologies Taiwan Co. Ltd.
Tel: +1-607-974-8769
ottml@corning.com
www.corning.com
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