Andre Yoskowitz
3 Jul 2012 19:54
Eastman Kodak has been granted approval in bankruptcy court to sell its large collection of "Digital Capture and Kodak Imaging Systems and Services (KISS)" patent portfolios.
Both Apple and little known company FlashPoint Technology had contested the auction, laying claim to some of the patents in the portfolio. The court did not agree, ruling all of the patents are property of Kodak's estate.
"We are gratified that the Court has enabled us to move ahead with our patent auction in a timely manner and with clarity on ownership for the winning buyer," said Timothy Lynch, Kodak Vice President and Chief Intellectual Property Officer.
All interested buyers can make confidential bids on the portfolio, which could reach a price in the billions.