History in the making… On Monday Kodak unveiled a new commercial printer. The Kodak Prosper 5000XLi Press which features an “intelligent print system” that continuously monitors and adjusts settings to ensure high quality. Rochester’s Mercury Print has been testing the new printer. On Tuesday the Monroe County Legislature voted to buy 547,000 square feet of …
On Tuesday, a Rochester man was arrested on the charge of making false bomb threats against Kodak between September and January. The man is charged with making 21 calls to 911 claiming that a terrorist was going to bomb the Kodak Corporation. For each of those calls Police and fire departments had to respond. If …
On Monday, Monroe County Executive Maggie Brooks submitted legislation to authorize the purchase of Kodak buildings for use as a downtown Monroe Community College campus in the Kodak Office complex. MCC would buy buildings, 3, 9, 11, 13 and 16 which totals 547,000 square feet of building space and also 439 parking spaces for $3 …
The Official Kodak Retiree Committee that was formed by the Bankruptcy court announced that they have sold off their unsecured debt. The Bankruptcy Court awarded the committee $650 million, a few months ago. Now the Committee sold that for $70 million cash. That is only about 11% of what was awarded. The unsecured loan would …
Last week Kodak and JK Imaging announced an agreement in which JT would be manufacturing cameras and putting the Kodak name on them through an licensing agreement. This week JK Imaging showed one of the new cameras. The Kodak Propix S1 will be a mirrorless camera that is based on the Micro Four Thirds standard …
History in the making… On Monday, Kodak and JK Imaging, Ltd. announced that they have entered into an agreement for JK Imaging to license the Kodak brand name for some consumer products, including digital cameras, pocket video cameras, and portable projectors. JK Imaging plans to launch its first products in the second quarter of 2013. …
History in the making… This week in bankruptcy court, Kyocera Corp. filed a complaint against Kodak for allegedly infringing on more than a dozen U.S. patents with its printers and digital cameras. Kyocera is seeking a jury trial and unspecified damages from Kodak. On Jan 6 & 7 in Las Vegas there will be the …
History in the making… On Friday, Kodak reported their figures for November. It turned out to be the smallest net loss in recent years. The loss was $60.8 million and they had sales of $162.9 million for November. Kodak filed for Chapter 11 Bankruptcy protection in January. Since then they have phased out digital cameras, …
History in the making… This was a good week for Kodak. They announced that they sold their digital imaging patents. Kodak had been told by experts that the patents were worth over $2 billion. They ended selling the patents for $525 million. They were sold to Intellectual Ventures and RPX Corp which are intellectual property …
History in the making… The Bankruptcy Court judge approved the deal to give $830 million in loans to Kodak. Kodak still would have to meet the condition that they sell their digital imaging patent portfolio for at least $500 million in order to get that loan. Kodak is ending a sponsorship at U.S. Disney Parks …