Kodak transforms from photo pioneer to new tech company, relists on New York Stock Exchange
Kodak today celebrated its recent relisting on the New York Stock Exchange (NYSE) by ringing the exchange’s opening bell.
Kodak emerged from bankruptcy in September and returned to trading on the New York Stock Exchange in November.
Since filing for Chapter 11 bankruptcy protection in 2012, the photography and film pioneer has shed its debt, sold off assets and is now a smaller company focused on commercial and packaging printing.
The new Kodak dubs themselves a “global technology company offering breakthrough solutions and professional services in the packaging, graphic communications and functional printing markets”. Kodak leverages its technical expertise to drive change in the industry, with new applications and a broad product portfolio.
“This bell ringing is a symbol of Kodak’s remarkable transformation,” said Antonio M. Perez, Kodak’s President and Chief Executive Officer. “It’s a new year, with a new company, a new stock and a new start. We are a B2B company focused on innovating for our customers and delivering value to our shareholders. This bell ringing has extra significance for everyone at the new Kodak because we are reaffirming our strong connections with our customers by having some of them join us at this event.”
TWTR: Photos from the NYSE as Twitter goes public
Kodak bankruptcy: Why can’t U.S. firms realize the potential of their discoveries?
Apple, Google, Amazon, more buying Kodak patents for $525 million
CES 2014: Marissa Mayer stumps for Yahoo; still seeking next big thing