PerkinElmer Inc. and Corning Incorporated (NYSE: GLW), today announced that the two companies have entered into a strategic agreement to advance the development of next-generation label-free detection technologies.

The agreement will allow Corning and PerkinElmer to combine their world-class expertise in optical label-free and multi-modality detection to develop and deliver next-generation detection platforms for life sciences research. Label-free detection is an enabling technology targeted at addressing many of the challenges in early-stage lead optimization in the drug discovery process.

Dr. Richard M. Eglen, president, Bio-discovery, PerkinElmer, said, “Collaborating with a world-renowned company such as Corning provides a key opportunity to combine Corning’s innovative optical label-free detection technology with PerkinElmer’s existing multi-label detection systems to provide drug discovery and life science researchers with deeper insights into biomolecular and cellular interactions.”

“Scientists around the world have used the optical label-free technology of the Corning® Epic® system for their groundbreaking research and we have been pleased with the new biological discoveries that the technology has enabled,” said Mark A. Beck, senior vice president, Corning Life Sciences. “We are excited to be working with an industry leader like PerkinElmer to develop next-generation label-free technologies in order to create the potential for additional breakthrough discoveries.”

About Corning Incorporated

Corning Incorporated (www.corning.com) is the world leader in specialty glass and ceramics. Drawing on more than 150 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy and metrology.

About PerkinElmer, Inc.

PerkinElmer, Inc. is a global leader focused on improving the health and safety of people and the environment. The Company reported revenue of approximately $2 billion in 2008, has around 8,500 employees serving customers in more than 150 countries, and is a component of the S&P 500 Index. Additional information is available through www.perkinelmer.com or 1-877-PKI-NYSE.