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Corning to Acquire Optimum Manufacturing (posted 8/13/08)

August 13, 2008
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Corning Inc. recently announced that, through a subsidiary, it has signed an agreement to acquire Optimum Manufacturing Corp. for inclusion in its Specialty Materials segment. Located in Charlestown, N.H., Optimum is a manufacturer of precision-machined components serving the aerospace and defense, scientific, medical, and communications industries. Terms of the agreement were not disclosed.

“Corning is very pleased to strengthen our role in the opto-mechanical value chain through this acquisition,” said Andrew Filson, business director of Advanced Optics, Corning Specialty Materials. “By bringing precision opto-mechanical structures into the Corning portfolio, we not only broaden our optics capabilities but also create greater value for our customers by being able to offer integrated designs and assemblies.

“We are also pleased to have Tim Donovan, president of Optimum Manufacturing Corporation, join our aerospace and defense leadership team. Tim is highly regarded for his knowledge in advanced computer numerical control (CNC) programming, process development and design for manufacturability. Corning and Optimum share a rich history and I believe the integration of our capabilities will allow us to provide improved optical solutions for our customers.”

Optimum focuses on complex, technical projects; the company engineers and manufactures precision-machined components with extremely tight tolerances. In addition to high-end advanced components, Optimum also has extensive engineering and machine programming expertise.

For more information, visit www.corning.com. Optimum’s website is located at www.optimummfg.com.

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