1. CFO Forum Technology company meeting Amir Shwartz Finance Director June 2013

2. 2© Corning Incorporated 2013 Agenda Corning MobileAccess- Introduction Wireless Business environment Acquisition & integration Q&A Corning Corp- Introduction

3. 3© Corning Incorporated 2013 Acquisition & integration Q&A Corning Corp- Introduction Agenda Corning MobileAccess- Introduction Wireless Business environment

4. 4© Corning Incorporated 2013 The Wireless Environment MobilityAccessCapacity 7 Billion New Wireless Devices by 2015 Borderless Networks Indoor ↔ Outdoor Browser ↔ Apps Local ↔ Global Demand Outpacing Supply Indoor mobile data usage is already 2x outdoor data usage. It is expected to grow 80% by 2016 ANYONE, ANYWHERE, ANYTIME

5. 5© Corning Incorporated 2013 Exponential Growth in Demand is Shifting Indoors Trends Global mobile data traffic -grew 70% in 2012 and will grow 13-fold from 2012 to 2017 (CAGR of 66%) ■WiFi and Mobile Devices ~55% of all IP traffic in 2017 ■Video and Mobile Web primary drivers ■Indoor mobile data usage is already 2x outdoor data usage and will continue to increase Source: Mobile Experts 2012 Source: Cisco VNI, 2013 Global IP Traffic 23% CAGR

6. 6© Corning Incorporated 2013 Corning MobileAccess- Introduction Wireless Business environment Acquisition & integration Q&A Corning Corp- Introduction Agenda

7. 7© Corning Incorporated 2013 Who is Corning MobileAccess? CMA is a leader in the Distributed Antenna Systems (DAS) market A Leading Provider Of In-building Wireless Connectivity Solutions ■Founded in 1998 – Headquartered in VA ■R&D Technology & Operation Center in Israel ■250 employees WW ■3500+ Installations worldwide Solution of choice for state-of-the-art facilities seeking superior wireless coverage ■Flexible architectures that meet diverse customer needs including cellular, public safety, and other enterprise apps. ■Solutions that evolve to support 4G and the changing user environment

8. 8© Corning Incorporated 2013 MobileAccess 1000/2000 Modular Wireless Portfolio Radio Interface (RIU) ■BTS/BDA Conditioning ■Combines Services Base Unit ■RF over Fiber ■Up to 8 Remotes Network Controller ■End-to-end management ■SNMP & NMS Support MA-330 ■Campus Distribution ■RF over Fiber Head End Remotes MA-1000/1200 ■Stackable Remote Units Up to 4 Services MA-850 ■WLAN Integration ■802.11 a/b/g MA-2000 MRC ■Multi-Operator ■High Capacity Antenna Multi-Service Antenna ■Broadband Services ■Mobile, WLAN, Telemetry, 2-way radio

9. 9© Corning Incorporated 2013 Introducing MobileAccessVE Cellular-over-LAN ■Every existing LAN connection can be a Cellular connection ■Co-exists with Ethernet Traffic by Leveraging Existing Unshielded Category Cables ■Completely Transparent to WLAN Performance ■ Ethernet signals and PoE passed on to APs as they do without a VE overlay Cellular RF traffic travels on separate intermediate frequency of Ethernet LAN cabling than WLAN RF traffic Cisco WLAN AP Switch WLAN “802.11n” Cellular Service Operator signal Source VE Cellular Controller VE Access Pod

10. 10© Corning Incorporated 2013 MobileAccess Significant milestones in the company life (Pre Corning) Year Company structure Business Milestones capital raising Business environment 989900010203040506070809101112 Company establishment as a split off from Foxcom Chapter 11 Corp transfer to the US Corning Acquisition First significant Enterprise customer- Boeing GE healthcare Full turn key based supply chain VE development Manufacturing in China $ 18 M $ 25 M $ 10 M $ 6 M $ 11 M $ 15 M Hi tech Bubble explode iPhone 3 lunch iPhone 3 lunch Sub prime crisis iPhone 4 lunch iPhone 4 lunch $1 M $ 7 M 2 nd Product line First product line

11. 11© Corning Incorporated 2013 Corning MobileAccess- Introduction Wireless Business environment Acquisition & integration Q&A Agenda Corning Corp- Introduction

12. 12© Corning Incorporated 2013 Who is Corning? Corning Incorporated ■Corning is the world leader in specialty glass and ceramics ■Corning create and make keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences ■Corning succeed through sustained investment in R&D, 160 years of materials science and process engineering knowledge, and a distinctive collaborative culture Founded 1851 R&D Lab Established 1908 Headquarters: Corning, New York Employees: ~30,000 worldwide Sales (2012): $8 Billion Fortune 500 Rank (2012): 328

13. 13© Corning Incorporated 2013 Who is Corning? A Culture of Innovation Processes for mass producing television bulbs 19471879 Glass envelope for Thomas Edison’s light bulb 1915 Heat-resistant Pyrex ® glass First low-loss optical fiber 19701984 AMLCD glass for computers and large screen TVs 1972 Ceramic substrates for automotive catalytic converters Silicones (Dow Corning) 1934 Glass ceramics 1952 2009 Fusion draw process 1960 Damage resistant cover glass

14. 14© Corning Incorporated 2013 TelecomEnvironmental Technologies Life SciencesSpecialty MaterialsOther Products & Services Display Technologies Who is Corning? Diverse Businesses and Markets ■LCD Glass Substrates ■Glass Substrates for OLED and LTPS-LCD ■Display Futures ■New Business Development ■Drug Discovery Technology ■Equity Companies ■Cormetech, Inc. ■Dow Corning Corp. ■Eurokera, S.N.C. ■Samsung Corning Precision Glass Company, LTD (SCP) ■Emissions-Control Products ■Cell Culture & Bioprocess ■Assay & High- Throughput Screening ■Genomics & Proteomics ■General Laboratory Products ■Display Optics & Components ■Semiconductor Optics & Components ■Aerospace & Defense ■Astronomy ■Optical Metrology ■Ophthalmic ■Telecom Components ■Specialty Glass ■Light-duty gasoline vehicles ■Light-duty and heavy-duty diesel vehicles ■Stationary ■Optical Fiber ■Optical Cable ■Fiber Optic Hardware ■Copper Hardware Corning Cable Systems Headquarters: Hickory, NC Employees: ~10,000 worldwide Sales (2012): $2.2 Billion

15. 15© Corning Incorporated 2013 Wireless Business environment Q&A Corning Corp- Introduction Agenda Corning MobileAccess- Introduction Acquisition & integration

16. 16© Corning Incorporated 2013 MobileAccess pre acquisition Pre acquisition- growing phase Constant Growth ■Constant Revenue growth over the years. ■Looking for the breakthrough. ■Playing in the big league field- Significant market share in the US. ■Technology ledger. ■Efficient supply chain enable short delivery timing. ■Limited cash to support ramp up. ■Low Profitability. 989900010203040506070809101112 Carriers Strategic Partners

17. 17© Corning Incorporated 2013 Why Corning Acquired MobileAccess Win Win Situation Corning ■Wireless is not all that Wireless. ■Wireless trends driving optical fiber at network edge. ■MobileAccess Market position ■SOW ■Innovation ■Technology Center Capabilities. ■DAS market grow significantly and Corning wants to be part of it. ■Build Corning Telecom Solutions end to end presence. MobileAccess ■Perfect match- purchase for expansion. ■Cash flow needs to support the growth. Market trends ■Market consolidation (Tyco/ADC, Commscope/Andrew

18. 18© Corning Incorporated 2013 Integration How to Make the best out of it !! Key approach queries ■How to integrate speed growing business? ■Right Business Structure ■Integration type (Cost, expansion ect) ■How to leverage from Corning? How the integration was done.. ■Minimum intervention- Contribute where you can leverage. ■Purchase to Expend. ■High management attention. ■Business structure- move to matrix structure on second integration tear. ■Mutual CRM system. ■Maintain Key Employees. ■Full Corning DAS development was transfer to the Israeli Technology center. ■Quality, Quality, Quality… ■Change of HC structure. ■Build Multinational Corporate behavior.

19. 19© Corning Incorporated 2013 Finance Integration Compliance and Transparency Key points ■Transparency Creation ■Personal ■Reporting Mechanism ■Meet target ■Process alignment ■Process adjustment to support $Large scale growth. ■SOX compliance ■Tax strategy ■Treasury ■ERP system ??? Unique business environment in Israel ■Tax regulation (ITA, OCS…) ■IP considerations ■Transfer price Methodology. ■Compensation structure including social benefits

20. 20© Corning Incorporated 2013 Wireless Business environment Acquisition & integration Corning Corp- Introduction Agenda Corning MobileAccess- Introduction Q&A

22. 22© Corning Incorporated 2013 Exponential Growth in Demand is Shifting Indoors Data ExplosionNew TechnologyNew SpectrumIndoor Networks Generates huge bandwidth demands Market Implication Requires new ways for signal distribution Market Implication Drives flexible broadband fiber solutions Market Implication Drives fiber- wireless into buildings Market Implication 1.570.20 Bits/ sec/Hz LTE3G 1.570.20 Bits/ sec/Hz 4G3G 8x increase! Frequency Bands Wireless Services Market will require flexible broadband solutions to support both Enterprise and Operator based in-building wireless networks

23. 23© Corning Incorporated 2013 Exponential Growth in Demand is Shifting Indoors Data Explosion4G/LTENew SpectrumData Offload Generates huge bandwidth demand Implication Drives fiber deeper & smaller cells Implication Drives need for more flexible equipment Implication Drives networks into buildings Implication Bands Operators Many more devices that are more powerful ■2G phone – 100 kbps ■iPhone – 1s Mbps ■Laptop – 10s Mbps Data hungry applications ■Video and Internet New technology required to meet the demand More valuable spectrum required for networks Users are indoors with poor “call quality” ■4G needs strong signal for maximum data rate ■4G uses multiple antennas to increase data rate ■Multiple bands & technologies per operator ■Band structure varies by operator/region ■Get off the “air” and on to “wires” quickly ■Offload to DAS, WiFi or pico/femtocells

24. 24© Corning Incorporated 2013 CMA Product Portfolio Operator and Enterprise Solutions MobileAccess1000/2000 Single & Multi-carrier/Multi-Service DAS MobileAccessVE Cellular-over-LAN Large Venues & Campuses (E.G. Stadium, Hospital, Convention Cntr) Enterprise Buildings (E.G. Medical Office Bldgs, MDUs) Operator / Enterprise Needs ■ Multiple Operator Cellular Voice & Data Coverage ■Wireless Medical Telemetry ■ Campus Solutions ■Cost-effective higher power option Operator/ Enterprise Needs ■ Single or Dual Operator Cellular Voice & Data Coverage ■4G upgrades & retrofits ■ Wi-Fi (802.11a/b/g/n)

25. 25© Corning Incorporated 2013 Corning Incorporated Corning is the world leader in specialty glass and ceramics TelecomEnvironmental Technologies Life SciencesSpecialty MaterialsDisplay Technology Quick facts ■We create and make keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications & life sciences. ■We succeed through sustained investment in R&D, 160 years of materials science and process engineering knowledge, and a distinctive collaborative culture. Fortune 500 rank(2012) 328 Employees: 30,000 Headquarters: Corning, NY Founded: 1851

26. 26© Corning Incorporated 2013 Who is Corning? A Culture of Innovation 18791915194719521960 1970 1972 1984 2009 Processes for mass producing television bulbs Glass envelope for Thomas Edison’s light bulb Heat-resistant Pyrex® glass First low-loss optical fiber AMLCD glass for computers and large screen TVs Ceramic substrates for automotive catalytic converters Silicones (Dow Corning) Glass ceramics Fusion draw process Damage resistant cover glass

27. 27© Corning Incorporated 2013 MobileAccess pre acquisition Pre acquisition- growing phase Constant Growth ■Constant Revenue growth over the years. ■Looking for the breakthrough. ■Playing in the big league field- Significant market share in the US. ■Technology ledger. ■Efficient supply chain enable short delivery timing. ■Limited cash to support ramp up. Key milestones/ Decision making ■Compliance with Global Market leaders (GE, US government, Medical). ■Who is the customer. ■Market FOCUS. ■Focusing in filed of expertise- Sales and Development. ■Building potential exit-stand alone or build to purchase. ■R&D Development- Development during recession. 989900010203040506070809101112 Carriers Strategic Partners