Kodak Licenses Projector Patents to IMAX

With this new digital age, many things are transitioning to digital methods. However, Eastman Kodak hasn't quite handled the transition to digital photography as smoothly as some of the competition, though when your company is more than 100 years old, staying on top of things isn't always as easy as it used to be. The good thing for Eastman Kodak is that they have an overabundance of intellectual property which just might help Kodak stay in a rapidly changing market.

One way Kodak is trying to stay afloat is by aligning with other companies. Kodak has just announced a deal with IMAX to license the company's laser projection patents to the movie company, which will allow it to more effectively project digital films on IMAX's truly enormous screens.

What this means for Kodak is that the company will receive some much-desired cash, somewhere around $10 million or so. In addition to that, Kodak will also receive undetermined royalty payments for at least ten years. That is one serious piece of capital for Kodak, whose stock has lost three-fourths of its value in the last year alone. When news of this partnership hit, Kodak's shares increased by 5% immediately. The license deal is also a part of a $250-$350 million plan for Kodak to pay off the considerable debt which it has accumulated.

In IMAX's case, the new technology will allow it to replace older digital and analog projectors in more of its theaters. IMAX's equipment is specialized and very, very expensive which means that every time they upgrade equipment, they intend for it to last. Aside from generally high-quality digital projections, IMAX films that use the new patented process will be considerably brighter than their older predecessors. The new projection systems are also much more cost-effective.

This raises a very interesting proposition for Kodak. Now beginning its thirteenth decade as a company, the question is whether or not Kodak will become a firm principally composed of its ideas and techniques. With other digital competitors, like Canon, Nikon and Sony, outpacing Kodak in nearly every single market aside from budget point-to-shoots, it just may be a good way for the company to advance into the future.

Source: Slash Gear - Kodak licenses projector patents to IMAX to stay afloat

Put your eye on the problem with Camera Security Now, installing security cameras since 1999. We install in the US and we can help you do it yourself.

Call us toll free 877-422-1907 between 8am EST and 5pm PST M-F. Talk to an expert about your serious security camera needs.

KODAK Laser Projection Technology FDA Approved

The FDA, otherwise known as the Food and Drug Administration, has just approved a variance that will allow for the sale of KODAK Laser Projector Systems using KODAK Laser Projection Technology to cinema exhibitors with no individual site or show operator variances. What this means for you is that this is an important step toward your local theater being able to provide you with brighter 2D and 3D images that provide higher dynamic ranges as well as a wider color gamut.

According to Les Moore, Chief Operating Officer for Digital Cinema at Kodak, "The FDA approval brings KODAK Laser Projection Technology significantly closer to the marketplace and validates the work we've done to ensure that this technology is safe and dependable. In addition to allowing the sale of KODAK Laser Projector Systems using KODAK Laser Projection Technology, the FDA variance serves as a template to be followed by manufacturers that we license to incorporate this new laser technology."

Digital projection systems that are using a high power laser usually fall under the category of a demonstration laser and therefore must follow existing regulations for conventional laser projectors like the ones used in laser light shows. KODAK has been diligently working with the FDA as well as laser safety consultants in order to address potential issues with safety. KODAK's unique optical design manages the projector output in order for it to be considered similar to conventional Xenon projection systems. This new variance from the FDA allows the sale of KODAK Laser Projector Systems with KODAK Laser Projection Technology and theater/show configurations incorporating them.

KODAK Laser Projection Technology should bring improved image quality to your theater screens including significantly brighter 3D image and a reduction in the costs of digital projection in cinemas via long-life lasers, lower-cost optics and more efficient usage. Kodak introduced this technology back in 2010 and it has been received enthusiastically by exhibitors, manufacturers, studios and viewers who have seen the demonstrations and noticed the difference.

Source: EON - FDA Greenlights KODAK Laser Projection Technology

A Copier Rental is a quick way to mass produce important documents for potential customers at an event or conference. Renting office equipment is simple and easy and it can also save you loads of time and money. Rentacomputer.com has been offering copier rentals to more than 1000 cities worldwide for over 20 years.