Kodak Considers Sale of Prosper Business

PrintAction Staff
March 22, 2016
By PrintAction Staff

Eastman Kodak Company announced it is in talks to sell its Prosper-branded enterprise inkjet business. Sagent Advisors, an independent investment bank, and DC Advisory, a European corporate finance adviser, which share Daiwa Securities, a Japanese investment bank, as a common shareholder, have been engaged by Kodak to manage the sale process.

“The Prosper business has significant potential for accelerated growth,” said Jeff Clarke, Kodak CEO. “To achieve its full economic potential, Prosper will be best leveraged by a company with a larger sales and distribution footprint in digital printing markets.”

At the same, Kodak announced functional 3D printing, including touch screen sensors, to be an important future element of its business. After looking at both silver and copper metal mesh technologies, Kodak has decided to focus on copper. Kodak will exit its position in silver metal mesh development, but will continue to make silver halide film available to touch screen sensor manufacturers.

At the start of March, Kodak announced plans to debut its next generation inkjet platform called Ultrastream, in May at drupa, built on its continuous inkjet Stream technology. It holds an 8-inch configuration for label production, and features what Kodak describes as a smaller drop size and precise placement accuracy for higher resolution.

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