Daewon, Corning Sign Fiber Supply Agreement

CORNING, NY, Oct. 2 -- Corning Incorporated and Daewon Cable of Korea have signed a long-term supply contract for Corning SMF-28 single-mode fiber. Corning will provide approximately 90 percent of Daewon Cable's total single-mode fiber requirements through 2005.

Daewon is a significant supplier to the Korean telecommunications market, as well as other select global markets. Daewon was recently contracted to supply high-performance optical fiber cable to a Korea Telecom project, valued at US $8 million.