ROCHESTER, N.Y., July 20 --
Eastman Kodak Company announced that it is exploring strategic
alternatives related to its digital imaging patent portfolios, a move
reflecting the current heightened market demand for intellectual
Kodak’s portfolios include more than 1,100 U.S. patents pertaining to
capturing, processing, storing, organizing, editing, and sharing
digital images, as well as imaging monetization applications, which are
fundamental to the digital imaging industry. Those patents represent
approximately 10% of Kodak’s patent portfolio.
To assist in this effort, Kodak has retained Lazard LLC as its
adviser. As the effort proceeds, Kodak will continue to pursue its
successful patent licensing program as well as all litigation related to
its digital imaging technology.
“Given recent trends in the marketplace for intellectual property, we
believe the time is right to explore smart, opportunistic alternatives
for our digital imaging patent portfolios,” said Laura G. Quatela,
Kodak’s General Counsel and a Senior Vice President of the company.
"This effort reaffirms our commitment to the three pillars of our
intellectual property strategy – design freedom, access to new markets
and partnerships, and cash generation."
Kodak invented the digital camera and since then has pioneered many
of the major advances in digital imaging devices, systems and services.
The company’s portfolios of more than 1,100 digital imaging patents –
plus foreign counterparts and related patent applications – comprise the
world’s richest collection of imaging-related technology.
As the world's foremost imaging innovator, Kodak helps consumers,
businesses, and creative professionals unleash the power of pictures and
printing to enrich their lives.
To learn more, visit http://www.kodak.com and follow our blogs and more at http://www.kodak.com/go/followus.
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