{"id":517621,"date":"2021-07-26T15:33:07","date_gmt":"2021-07-26T19:33:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/corning-partners-with-hyundai-mobis-to-enable-augmented-reality-head-up-display-systems\/"},"modified":"2021-07-26T15:33:07","modified_gmt":"2021-07-26T19:33:07","slug":"corning-partners-with-hyundai-mobis-to-enable-augmented-reality-head-up-display-systems","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/corning-partners-with-hyundai-mobis-to-enable-augmented-reality-head-up-display-systems\/","title":{"rendered":"Corning Partners with Hyundai Mobis to Enable Augmented Reality Head-Up Display Systems"},"content":{"rendered":"

\nNew product category creates today\u2019s most immersive and connected driving experiences
\n<\/h2>\n
\n

CORNING, N.Y. , July 26, 2021 (GLOBE NEWSWIRE) — Corning Incorporated<\/a> (NYSE: GLW) today announced a new product category for its Automotive Glass Solutions. Corning<\/a>\u00ae<\/sup><\/a> Curved Mirror Solutions<\/a> are now key components in a new Augmented Reality (AR) Head-Up Display (HUD) system by Hyundai Mobis. Hyundai Motor Company debuted the technology in the 2021 IONIQ 5 electric crossover utility vehicle earlier this year.<\/p>\n

In 2020, nearly 5 million cars sold had HUD technology. By 2025, that number is expected to double as major automakers quickly adopt AR technology to complement other enhanced connectivity features in automobiles. Corning\u2019s high-quality, distortion-free solutions are helping automakers create today\u2019s most immersive and connected driving experiences.<\/p>\n

\u201cHigh-quality mirrors are key components in the Mobis HUD system. They help drivers clearly view critical safety information, which is projected 7.5 meters onto the road in front of drivers,\u201d said YoungHoon Han, vice president, Hyundai Mobis. \u201cOur longtime collaboration with Corning has made it possible for us to launch an AR HUD with a large field of view and sharp imaging.\u201d<\/p>\n

Compared with traditional technologies, Corning mirrors enable a larger total display area across the windshield with a projection distance that is five times greater.<\/p>\n

\u201cAs automotive experiences are becoming more connected, immersive, and interactive, drivers are demanding the most advanced features \u2013 such as augmented reality \u2013 in their vehicles,\u201d said Mike Kunigonis, vice president and general manager, Corning Automotive Glass Solutions. \u201cCorning technologies enable a truly unique driving experience, which is why Hyundai Mobis has designed our Curved Mirror Solutions into its next generation of head-up displays.\u201d<\/p>\n

HUDs use mirrors to project driving information such as navigation and speed \u2013 which would normally be viewed from the instrument cluster \u2013 onto windshields, putting it directly within the driver\u2019s line of sight. AR HUDs advance this technology by essentially turning the windshield into an immersive display screen, projecting large and dynamic images onto the road.<\/p>\n

For HUDs to achieve this level of interactivity and immersion, the systems require high-quality mirrors. Corning has leveraged its industry-leading glass science and optical physics expertise to enable these new experiences with Hyundai Mobis. Through the joint industrialization effort, Hyundai Mobis has unveiled a series of new AR HUD systems using Corning Curved Mirror Solutions to meet automakers\u2019 performance and reliability requirements at scale.<\/p>\n

\n Caution Concerning Forward-Looking Statements<\/strong>\n <\/p>\n

The statements contained in this release that are not historical facts or information and contain words such as \u201cwill,\u201d \u201cbelieve,\u201d \u201canticipate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cseek,\u201d \u201csee,\u201d \u201cwould,\u201d and \u201ctarget\u201d and similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and include estimates and assumptions related to economic, competitive and legislative developments. Such statements relate to future events that by their nature address matters that are, to different degrees, uncertain.\u00a0These estimates are subject to change and uncertainty which are, in many instances, beyond our control. There can be no assurance that future developments will be in accordance with management\u2019s expectations. Actual results could differ materially from those expected by us, depending on the outcome of various factors. We do not undertake to update forward-looking statements.\u00a0<\/p>\n

Although the company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, current estimates and forecasts, general economic conditions, its knowledge of its business, and key performance indicators that impact the company, actual results could differ materially.\u00a0 The company does not undertake to update forward-looking statements. \u00a0Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to: the duration and severity of the COVID-19 pandemic, and its impact across our businesses on demand, operations and our global supply chains; the effects of acquisitions, dispositions and other similar transactions; 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; loss of intellectual property due to theft, cyber-attack, or disruption to our information technology infrastructure; unanticipated disruption to our supply chain, 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, to maintain profitable operations and obtain financing to fund ongoing operations and manufacturing expansions and pay receivables when due; loss of significant customers; changes in tax laws and regulations; the impacts of audits by taxing authorities; the potential impact of legislation, government regulations, and other government action and investigations; and other risks detailed in Corning\u2019s SEC filings.<\/p>\n

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.<\/p>\n

\n Web Disclosure <\/strong>\n <\/p>\n

In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (\u201cCorning\u201d) wishes to notify investors, media, and other interested parties that it uses its website (https:\/\/www.corning.com\/worldwide\/en\/about-us\/news-events.html<\/a>) 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\u2019s 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\u2019s SEC filings, press releases, conference calls, and webcasts.<\/p>\n

\n About Corning Incorporated<\/strong>\n <\/p>\n

Corning (www.corning.com<\/a>) is one of the world’s leading innovators in materials science, with a 170-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, automotive, and life sciences.<\/p>\n

\n Media Relations Contact:<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
Gabrielle Bailey
(607) 974-6394\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
baileygr@corning.com<\/a><\/p>\n

Emily Steves
(607) 974-7185
stevesem@corning.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
Investor Relations Contact:<\/strong>
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com<\/a><\/p>\n

\n Follow Corning:<\/strong>
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\n RSS Feeds<\/u>
\n <\/a> | Facebook<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a><\/p>\n<\/p>\n


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<\/div>\n","protected":false},"excerpt":{"rendered":"

New product category creates today\u2019s most immersive and connected driving experiences CORNING, N.Y. , July 26, 2021 (GLOBE NEWSWIRE) — Corning Incorporated (NYSE: GLW) today announced a new product category for its Automotive Glass Solutions. Corning\u00ae Curved Mirror Solutions are now key components in a new Augmented Reality (AR) Head-Up Display (HUD) system by Hyundai Mobis. Hyundai Motor Company debuted the technology in the 2021 IONIQ 5 electric crossover utility vehicle earlier this year. In 2020, nearly 5 million cars sold had HUD technology. By 2025, that number is expected to double as major automakers quickly adopt AR technology to complement other enhanced connectivity features in automobiles. Corning\u2019s high-quality, distortion-free solutions are helping automakers create today\u2019s most immersive and connected … <\/p>\n

Continue reading “Corning Partners with Hyundai Mobis to Enable Augmented Reality Head-Up Display Systems”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-517621","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCorning Partners with Hyundai Mobis to Enable Augmented Reality Head-Up Display Systems - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/corning-partners-with-hyundai-mobis-to-enable-augmented-reality-head-up-display-systems\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corning Partners with Hyundai Mobis to Enable Augmented Reality Head-Up Display Systems - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New product category creates today\u2019s most immersive and connected driving experiences CORNING, N.Y. , July 26, 2021 (GLOBE NEWSWIRE) — Corning Incorporated (NYSE: GLW) today announced a new product category for its Automotive Glass Solutions. Corning\u00ae Curved Mirror Solutions are now key components in a new Augmented Reality (AR) Head-Up Display (HUD) system by Hyundai Mobis. Hyundai Motor Company debuted the technology in the 2021 IONIQ 5 electric crossover utility vehicle earlier this year. In 2020, nearly 5 million cars sold had HUD technology. By 2025, that number is expected to double as major automakers quickly adopt AR technology to complement other enhanced connectivity features in automobiles. 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Corning\u00ae Curved Mirror Solutions are now key components in a new Augmented Reality (AR) Head-Up Display (HUD) system by Hyundai Mobis. Hyundai Motor Company debuted the technology in the 2021 IONIQ 5 electric crossover utility vehicle earlier this year. In 2020, nearly 5 million cars sold had HUD technology. By 2025, that number is expected to double as major automakers quickly adopt AR technology to complement other enhanced connectivity features in automobiles. 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