Belden & Corning Optical Communications RF LLC to Collaborate on Global, Broadband Connectivity Technology
EAST SYRACUSE, N.Y. & CORNING, N.Y.--(BUSINESS WIRE)-- PPC Broadband Inc. (“PPC”), a Belden brand (NYSE:BDC), and Corning Optical Communications RF LLC, a subsidiary of Corning Incorporated (NYSE:GLW), are pleased to announce an important technical collaboration in the broadband connectivity field.
This global technical collaboration encompasses a range of connectivity inventions, and creates broader availability of connectivity solutions for system operators worldwide. The agreement resolves pending patent infringement and related proceedings between the companies involving Corning’s EFC series of coaxial cable connectors. The specific terms of the agreement are confidential.
“This technical collaboration recognizes the value of intellectual property covering our innovative connectivity technology and expands our commitment to the industry as our customers build advanced networks to meet the future needs of broadband,” said
“We are pleased to have reached an agreement on what we expect to be a long-term technical collaboration with the PPC team on this interconnect technology,” said
Forward-Looking and Cautionary Statements
This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Belden’s and Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. 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 Belden’s and Corning’s filings with the
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About PPC – a Belden Brand
With more patents in connector technology than any other company worldwide, PPC has pioneered many of the advancements available in the broadband industry today and is a proven leader in the design and manufacture of connector technology for the telecommunications and satellite industries around the globe. Headquartered in