Kodak plans Prosper sell-off

Kodak is in talks to sell off its Prosper inkjet business, having engaged Sagent Advisors, an independent investment bank, and DC Advisory, a European corporate finance adviser to manage the sale process. Both of these have a connection in Daiwa Securities, a Japanese investment bank, which is a common shareholder in both.

Jeff Clarke, Kodak Chief Executive Officer. “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.” This may well be the case, but it neatly overlooks just how much Kodak was betting on the Prosper technology for its long-term growth.

The deal will include the Prosper presses, S-series imprinting systems and related products.Clarke added: “We will continue to invest in Prosper during the sale process. This is an exceptional technology and product set, highly valued by the printing industry.” Kodak has already announced plans to show the next generation UltraStream inkjet at Drupa.

Kodak is also planning to sell off its silver metal mesh touch sensor businesses. Kodak has developed both silver and copper metal mesh technologies for its functional 3D printing business but has now opted to focus on copper. Philip Cullimore, President of Kodak’s Enterprise Inkjet Systems Division and the Micro 3D Printing & Packaging Division, explained: “Based on feedback from industry participants, it’s clear our fully additive copper metal mesh is the winning approach in terms of overall cost, setup cost and scalability to larger screens — where we see the most significant opportunities.”

Despite the sale, Kodak will continue to make silver halide film available to touch screen sensor manufacturers.





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