Corning Incorporated�(NYSE: GLW) today announced it has acquired�SpiderCloud Wireless Inc.,�a leading provider of in-building wireless solutions.
The acquisition of SpiderCloud�s innovative solutions and the company�s position as a preferred provider to key wireless customers create unique market access opportunities for Corning.
SpiderCloud will become part of the�Corning Optical Communications�segment, and aligns with the business� strategy of growing annual sales from $3 billion in 2016 to $5 billion in 2020 through innovation and acquisitions.
These risks and uncertainties include: the effect of global political, economic and business conditions;�conditions in the�financial and credit markets;�currency fluctuations;�tax rates; product demand and industry capacity; competition; reliance on a concentrated customer base; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; pricing fluctuations�and�changes in the mix of sales between premium and non-premium products;�new plant start-up�or restructuring�costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political or financial instability, natural disasters, adverse weather conditions, or major health concerns; adequacy of insurance; equity company activities; 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; retention of key personnel; stock price fluctuations; and adverse litigation or regulatory developments.�These and other�risk factors are�detailed�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.
Corning succeeds through sustained investment in R&D, a unique combination of material and process innovation, and close collaboration with customers to solve tough technology challenges.