Tagged: rochester

Kodak is hoping to sell its document imaging business for $210 million. The company has reached a tentative deal with Brother Industries that would see them take over operation of the portfolio of scanners, capture software and services.

The results are in from this weekend’s Finger Lakes International Wine Competition in Rochester, and it’s good news for the region. A dozen wines from the Finger Lakes came away with coveted double-gold medals -- twice as many as last year. 

The City of Rochester has been given state approval to establish one of the state’s ten Land Banks. The city’s Land Bank will support the acquisition of vacant, tax-delinquent properties which will then be  renovated and sold through the HOME Rochester program. The aim is to also get more properties back on the tax rolls.

Kodak filed for Chapter 11 bankruptcy a year ago. The intervening months have seen big layoffs, pay freezes for workers, and an end to benefits for many of the company's retirees. However, Kodak also secured an extra $830 million in funding, and sold its patent portfolio.

Imagine using your smart phone to avoid getting the flu. A new mobile app designed by researchers at the University of Rochester could make it possible.

Kodak is set to sell its coal-fired power plant at Eastman Business Park to a company that will convert it to a cleaner, natural gas facility.

The sale of the Hickey Freeman parent company was approved by the U.S Bankruptcy Court Wednesday. Authentic Brands Groups (ABG) and W-Diamond Corporation have been given the go ahead to purchase the intellectual and physical property of the company.

Fifteen teams of students from the Rochester Institute of Technology, led by faculty, will develop technologies for assisting people with disabilities in the region.

Kodak has reached an agreement for the sale of their digital patent portfolio. Under the agreement, the company will receive $525 million for the imaging patents from Intellectual Ventures, a major holder of US patents, and a group of 12 licensees.

Closing the gap between innovation and commercialization is the key to boosting the national economy. That is one of the messages at a manufacturing summit being held in Rochester this week.  Industry leaders say economic growth triggered by American ideas needs to be kept within the United States' borders.