Inkjet Business to be Sold Off

With global sales dropping 15% in 2015, Kodak is planning to spin off its acclaimed Kodak Prosper enterprise inkjet business.

Eastman Kodak Company announced its decision to sell its inkjet business, and is already in talks with potential buyers about offers to purchase its Enterprise Inkjet business, including its Prosper Press Platform, Prosper S Series Imprinting Systems, and related products.

Independent investment bank Sagent Advisors and European corporate finance adviser DC Advisory, 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 Chief Executive Officer in an official press release. “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.”

“We have received strategic interest in the PROSPER business from companies and their financial representatives. 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,” added Clarke.

Philip Cullimore, President of Kodak’s Enterprise Inkjet Systems Division and the Micro 3D Printing & Packaging Division, said, “The market opportunity for PROSPER will expand even further with the planned introduction of KODAK ULTRASTREAM, a next-generation inkjet writing system with significantly enhanced performance ULTRASTREAM will move production inkjet into the mainstream of commercial printing and packaging.”

Besides this, the OEM also unveiled its plan to cease development of its silver mesh functional 3D printing business so as to focus on copper mesh technologies. It will continue to make silver halide film for touch screen manufacturers.

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