Shares of Corning Incorporated (NYSE:GLW) ended Friday session in green amid volatile trading. The shares closed up +0.02 points or 0.09% at $22.62 with 13.06 million shares getting traded. Post opening the session at $22.54, the shares hit an intraday low of $22.48 and an intraday high of $22.68 and the price vacillated in this range throughout the day. The company has a market cap of $23.32 billion and the numbers of outstanding shares have been calculated to be 1.04 billion shares.
Corning Incorporated (GLW) on AUGUST 30, 2016 announced its groundbreaking innovation – Corning® Gorilla® Glass SR+. Specifically designed for wearable devices, this new glass composite significantly reduces visible scratches while delivering the toughness, optical clarity and touch sensitivity that make Gorilla Glass famous.
With rigorous daily activity, consumers put their wearable devices to the test, leaving them exposed to damage. To overcome the challenges facing the screens on these devices, Corning scientists developed a new glass composite engineered to better endure the bumps, knocks and scrapes wearables encounter while maintaining the optical clarity and touch sensitivity required for on-the-go connectivity.
In a league of its own
In lab tests, Corning Gorilla Glass SR+ demonstrated superior scratch resistance approaching that of alternative luxury cover materials, while delivering up to 70 percent better damage resistance against impacts and 25 percent better surface reflection than those alternative materials. Such step improvements in optical performance enable longer battery life and improved outdoor readability.
“In early 2015, Corning launched Project Phire with the goal of engineering glass-based solutions with the scratch resistance approaching luxury cover materials, combined with the superior damage resistance of Gorilla Glass,” said Scott Forester, director, innovation products, Corning Gorilla Glass. “Corning Gorilla Glass SR+ delivers a superior combination of properties that is not available in any other material – it is in a class of its own.”
Leveraging its strengths in glass science and fusion manufacturing, Corning leads the cover glass industry it created nearly 10 years ago. Corning Gorilla Glass has been used on more than 4.5 billion devices worldwide, including more than 1,800 product models across 40 major brands. With the introduction of Corning Gorilla Glass SR+, the one company that has been innovating with glass for 165 years offers manufacturers of wearable devices a clear alternative to luxury cover materials.
Corning Gorilla Glass SR+ is commercially available and is expected to be on product models from leading global brands later this year.
Shares of Fidelity National Information Servcs Inc (NYSE:FIS) ended Friday session in red amid volatile trading. The shares closed down -1.56 points or -2.04% at $75.09 with 12.35 million shares getting traded. Post opening the session at $76.38, the shares hit an intraday low of $74.87 and an intraday high of $76.39 and the price vacillated in this range throughout the day. The company has a market cap of $24.19 billion and the numbers of outstanding shares have been calculated to be 327.83 million shares.
On September 9, 2016 FIS Cardless CashTM, the market-leading mobile solution that avoids using a plastic card at the ATM to withdraw funds, continues to expand its availability for consumers. Already possessing one of the nation’s largest mobile phone-to-ATM networks, FIS™ (FIS), a global leader in financial services technology, has partnered with CO-OP Financial Services to expand Cardless Cash to CO-OP ATM’s menu of Terminal Driving services.
CO-OP provides members of participating credit unions with surcharge-free access to accounts through its nationwide ATM network. It will add FIS Cardless Cash to its menu of CO-OP ATM Terminal Driving services, with a pilot expected to launch in the first quarter of 2017.
“Cardless Cash combines innovation, efficiency, convenience and security to create both a valuable end-user service and a new revenue source for financial institutions,” said Anthony Jabbour, chief operating officer, Banking & Payments, FIS. “This partnership extends FIS’ leadership as one of the largest Cardless Cash ecosystems and will further drive end-user adoption of the capability.”
“CO-OP focuses on providing credit unions the latest technology that strengthens member connections,” said Todd Clark, president/CEO, CO-OP Financial Services. “This partnership will provide credit union members additional convenience, combined with the latest in transaction security.”