Eastman Kodak Co, which invented the hand-held cameras, has recently filed for bankruptcy protection. It had filed for Chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York. According to a recent report, Kodak is mulling to sell its loss making photography unit and betting big on digital printing. 

It is worth noticing that bankruptcy allows sales of the photography divisions and patents to pay off employee benefits and creditors. 

However, efforts to turn Kodak into a company that makes sophisticated printers for the publishing, packaging, and advertising businesses will require lots of cash.

Analysts believe, Kodak’s 11,000 patents could fund the company. Also, it can sue other tech companies for more licensing fees, a move that the company has pursued more aggressively in recent weeks. As per a recent report, Eastman Kodak Company has accused Samsung Electronics Co. Ltd, Apple and RIM for infringing Kodak’s digital imaging patents. 

It is observed; these days the company is promoting its Flexcel technology, which can print quickly on diverse materials. Kodak's inks are made of longer lasting pigments, unlike the watery dye used in most devices, allowing quicker drying and smaller machines. 

Perez, Hewlett-Packard Co's former inkjet chief, believes Kodak's new commercial printers will displace older systems by producing pages faster and cheaper on different materials with digital flexibility. 

Let’s hope, Kodak will soon re-establish itself as a leader in digital printing. 

ITVoir NewsDesk