At Hunkeler Innovationdays in Lucerne, Switzerland, today, Kodak introduced the new Kodak Prosper 5000XLi press with Intelligent Print System. The device combines the field-proven performance of the Prosper press platform with new press management technology that constantly monitors and adjusts settings to ensure the highest quality output.
ROCHESTER, NY—Eastman Kodak has completed a transaction for the sale and licensing of its digital imaging patents for net proceeds of $527 million. The transaction, which achieves one of Kodak’s key restructuring objectives, follows other recent developments that included final court approval last week for the company’s interim and exit financing.
The completion of the sale transaction enables Kodak to repay a substantial amount of its initial DIP loan, satisfy a key condition for its newly approved financing facility, and position its core Commercial Imaging business for future growth and success.
What is striking about the round of installations this year over last, we are hearing about far fewer installation problems and challenges with substrates. We are hearing more about the costs and need to expand post-processing capabilities rather than installation or performance of the presses themselves. Business cases are still strong but, unlike the earliest adopters, those needs were not as acute, so they had the luxury of hanging back and biding their time until that time was right.
EFI proved that "what happens in Vegas doesn't have to stay in Vegas," especially for the roughly 800 attendees who could select from more than 150 breakout and training sessions at the EFI Connect users' group meeting held here Jan. 15-18 at the Wynn Las Vegas. Sessions covered MIS/ERP software, Web-to-print systems, industrial inkjet printers and Fiery technology.
ROCHESTER, NY—Citing a shifting marketing landscape and the need to take a different approach to connecting with customers more often and more effectively, Kodak announced that will not exhibit at PRINT 2013 in Chicago, nor IPEX 2014 in London. And, going forward, the company will significantly reduce its participation in conventional trade shows and rely more on its North American demo centers in Dayton, OH; Rochester, NY; and Vancouver.
Citing a shifting marketing landscape and the need to take a different approach to connecting with customers more often and more effectively, Kodak announced that will not exhibit at PRINT 2013 in Chicago, nor IPEX 2014 in London. And, going forward, the company will significantly reduce its participation in conventional trade shows and rely more on its North American demo centers in Dayton, OH; Rochester, NY; and Vancouver.
1-800-Postcards has recently enhanced its digital printing capabilities even further by investing in a Kodak NexPress SX3300 Press, and is reportedly the only provider in Manhattan that utilizes the Kodak NexPress Digital Color Platform. In addition to investing in NexPress technology, it also uses NexPress Thermal Direct Non Process Plates for high-quality offset printing.
Kodak will receive approximately $525 million, a portion of which will be paid by a group of 12 intellectual property licensees organized by Intellectual Ventures and RPX Corp. Each licensee will receive rights with respect to the digital imaging patent portfolio and certain other Kodak patents.
Finch Paper has launched its FIT (Fluid + Ink + Toner) Color Management and Workflow Services progra
