Kodak will continue to invest in the OLED flat panel and solid-state lighting business

Kodak came out with a press release today, regarding their OLED business:

Kodak continues to see great potential for its OLED portfolio, but in the current global economic environment Kodak must more tightly focus its investments. Therefore, the company will pursue growth in its OLED business primarily through licensing and partnerships...”

A few days ago we reported that Kodak will cut investments on growth areas, including OLEDs - so now we get to hear more of Kodak's plans.

Kodak also posted a lengthy (14min) video of their OLED business, called "OLED from any angle". It's interesting, even though it's mostly an Ad for their products.



Anyway, it's good to hear that Kodak are still optimstic about OLED TVs, mobile displays and lighting - I hope that indeed they will continue to invest in the technology and that they will find the right partners.

Here's the complete PR:

Kodak Releases OLED Vision and Technology Overview on YouTube

ROCHESTER, N.Y., February 16 -- Kodak's strategic vision continues to thrive on being an OLED industry enabler for the world. "Kodak's intent is to determine the best path forward for finding a way to scale within the OLED industry,” said Corey Hewitt, Operations Manager and Vice President, Kodak's Display Business. Kodak continues to see great potential for its OLED portfolio, but in the current global economic environment Kodak must more tightly focus its investments. Therefore, the company will pursue growth in its OLED business primarily through licensing and partnerships. "Kodak will continue to invest in the OLED flat panel and solid-state lighting business, with the appropriate financial cost structure, and will explore numerous business opportunities on a worldwide basis for ensuring the best returns for Kodak and its shareholders as we progress through 2009". For greater in-depth description, please visit http://www.youtube.com/watch?v=F1UXrhGatJQ

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