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Corning Senior V.P. Dr. Jeffrey Evenson on the new ultra-thin and flexible glass being developed for technology surfaces.
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Speaking of technology perfect Segway here because some of the biggest names in Smartphones and tablets share one common trait that glass in their products.
Corning known for its super tough Gorilla Glass everyone from Samsung to Motorola to Nokia uses.
Is now developing something all electronic makers really want.
Thinner and lighter more flexible -- that's just as strong as Gorilla Glass.
Find out more about willow glasses it's called than what it might do for Corning's stock it's a Fox Business explicitly welcome Jeff even -- Corning's senior VP I've covered -- Jeff I I really like the glass story here even though you guys are a whole bunch of other industries we should mention we'll get to about a minute but.
Talk about willow class what makes it different what makes it special still under development stage when will it get to products.
We are sampling will right now to customers -- excited about willow we think it's a fundamentally new platform.
Willow glass is about 8% thinner than a dollar bill.
So it's -- -- then it's also flexible.
And it can be manufactured in rule role processes which we think over time is going to significantly reduce the cost of displays and our customers' manufacturing processes.
OK so when is it again OK so I just happening by -- -- hand me a dollar bill wait a minute it's.
Tell me again that the dimensions as -- pertains to dollar bills.
It is.
How is that possible and then it doesn't break.
Well glasses as a glass can be made very strong Corning has developed a lot of technology about how to formulate and process glass.
I do more new applications put demands on class we think the better it is for the growth and profitability of our our company.
And we think -- is going to make significant contributions over time.
You guys have been in everything from tablets to Smartphones.
Now I know because I was at the consumer electronic show way back in January and the big hot discussion for televisions.
We're called -- let's organic light emitting Diana televisions and they were super super -- What will be the application -- the volume.
I guess that you would hope to see for -- -- really come from.
We think initially that willow is going to be used to hide in both portable displays and potentially in larger televisions were -- -- thin is possible.
Certainly because of the reduced wheat.
And the theater nature that's most important in in mobile devices I think it will be used both for LCD displays as well as -- led displays.
And for new applications and display right now the typical Smartphone you have in your pocket has three pieces of Corning glass and it.
Willow -- the potential to add a fourth piece of glass to replace the touch sensor and give you much better optics.
Increase your battery life and better touch sensitivity.
And and you make it lighter -- I mean isn't that what everybody really wants -- -- like her later product Jeff.
Will ask you where the real volume for your business is coming right now because as we look at the stock -- and I don't understand.
Everybody's using your glass Lenovo Motorola Nokia the Microsoft surface -- is going to be using it Asus Acer LG -- -- -- -- I want you Packard.
Yet it's down about 26%.
Year over year so my question then becomes where do you see real volume and you see any pick up anywhere.
So gorilla has been a tremendously successful platform for us.
Over the last three years we've tripled the business sales each year.
We're now used by 35 brands those 35 Branson produced 750.
Different devices.
And our product is being used on 750.
Million units in the marketplace.
We expect continued strong growth from that product over time.
And as you see some things like windows eight.
I when you see large screens like perceptive pixel we think that our glass is going to get used in more places over time.
Well Microsoft surface so we know that Steve Ballmer said he expects to sell a million of those devices in the coming year.
We're watching it we're watching you guys Jeff it's good to see it thank you.
Thanks for having me it just -- stories got his degree in physics from MIT.
At his Ph.D.
in physics from Harvard so.
Company -- -- -- really Smart guy here and by the way Corning does have a dividend yield of about 2.3 percent.
-- bringing these stories of insider gadget but here you go you heard about willow glass right here exclusively on.
