This is not a disruptive technology.
This addes to the field of mobile tech development because Corning has long made screens for a lot of cell phones that are out on the market today. This includes Apple, HTC, Samsung, Motorola and more. The screens they currently produce are known as Gorilla Glass. It is a special proprietary process that they use to strengthen their glass against scratches, making it almost impossible to scratch.
Lotus Glass will be just as strong as Gorilla Glass, but feature enhanced picture quality, better response times, higher resolutions and lower power consumption. For now Samsung seems to be the exclusive party utilizing this technology, but that could change.
This also has an economic impact on the market because many people will be forking out the cash to pick up a phone that has a new Lotus screen on it. Check out more at the official site http://www.corning.com/displaytechnologies/en/products/lotus/index.aspx