Two interesting press releases came out from Kodak today: Kodak announced agreement to spin off Personalized Imaging and Document Imaging Businesses in a settlement with U.K. pension plan – another step toward exiting from chapter 11. Kodak also posts first quarter profit of $283 million. Press releases:
At the 2013 P&E show in China Kodak had on display a new Pixpro mirrorless (interchangeable lens?) camera with a design similar to the Olympus PEN series. I could not find any additional information on this model. Few months ago JK Imaging got the rights to use the Kodak brand name on their cameras and they introduced the Kodak Pixpro S1 Micro [...]
Kodak received a court approval for financing of up to $844 millions to “strengthens Kodak’s position to successfully execute its remaining reorganization objective” and hopefully get out of bankruptcy in mid-2013:
After Kodak announced that they will license their brand name, JK Imaging announced in Peking the Kodak Pixpro S1 Micro Four Thirds mirrorless camera with built-in WiFi and a CMOS sensor probably made by Sony. The official release will be in Q3 of 2013. One of the slides implies that the new camera is “Best designed for smartphone” which suggests some [...]
During CES Kodak announced that they licensed their brand name to JK Imaging for certain consumer products, including digital cameras, pocket video cameras, and portable projectors. In an interview with AP, Kodak’s representative confirmed that a new compact system camera will be part of the portfolio:
Kodak will get approximately $525 million for its patents portfolio. This was a necessary step in order to get the previously reported $793 million in financing in order to exit from bankruptcy and continue as a commercial printing company. Full press release:
Bloomberg reports that Eastman Kodak have arranged $793 million in financing in order to exit from bankruptcy and continue as a commercial printing company. One of the condition for the funding is the sell of Kodak’s patents for $500 million.
Yesterday Kodak published a press release announcing “continued performance improvement in segment profitability for the third quarter of 2012″. The company was able to reduce their expenses by 24% ($63 million). The operating loss for Q3 was $37 million ($87 million improvement from the previous year). The company’s profit margin increased by 2%: “Since our Chapter [...]
Kodak announced that is discontinuing the Professional T-MAX P3200 film due to “low sales volume”. In the past few months Kodak stopped producing digital cameras, sold its sensor business, increased the price of film by 15%, and discontinued three slide films in an effort to reorganize its business. Both Adorama and B&H currently have the T-MAX P3200 in stock. Via Petapixel
The Fuji X100 limited edition kit is now $100 off. Pentax K-30 now shipping in the US. The President of Olympus said that the OM-D E-M5 sensor is made by Sony.
