Kodak Leaves Bankruptcy
Kodak has emerged from bankruptcy to begin operating as a commercial printing company.
Bloomberg has reported that the firm will now focus on making touch-screen sensor components and film for the movie industry, while the products and services will be solely focused on businesses rather than consumers.
Antonio Perez, Kodak chief executive officer, told the news provider: “We have emerged as a technology company serving imaging for business markets. We have been revitalised by our transformation and restructured to become a formidable competitor.”
He went on to say that Kodak is now a “totally new company”, but emphasised that the company now has breakthrough technologies and differentiated value propositions.
The company’s board will be replaced with a new one, with two-thirds of these personnel being new members, while the document imaging and personalised imaging businesses will be owned by the pension fund covering Kodak’s UK workforce.
Posted by Barry Ashmore.