Kodak to reassess digital imaging patent portfolios July 30, 2011 10:02 by Matt Bird

Kodak is to assess how its intellectual property rights will operate in the future by assessing its current digital imaging patent portfolios.

At present, Kodak's portfolios contain in excess of 1,100 US patents, which largely relate to capturing, processing, storing, organising, editing and sharing digital images.

Laura G Quatela, Kodak's general counsel and a senior vice-president of the company, explained: "Given recent trends in the marketplace for intellectual property, we believe the time is right to explore smart, opportunistic alternatives for our digital imaging patent portfolios."

She noted that by making this move, Kodak was reaffirming its commitment to the three pillars of its intellectual property strategy: cash generation, gaining access to new partnerships and design freedom.

Kodak will be releasing its financial results from the second quarter of 2011 on July 26th, which will be streamed live via a webcast on its website.