(Reuters) - Eastman Kodak Co filed a motion on Monday gluttonous approval of behest procedures for defalcation bargain of its Agenda Capture and Kodak imaging Systems and Services apparent portfolios, which calm comprise added than 1,100 patents.
Kodak's motion outlines a bargain action such that alone the acceptable applicant and the acknowledged bid bulk will be about appear at the end of the auction, it said in a statement.
Kodak, now in bankruptcy, expects the motion to be heard by the Court on July 2, with the bargain getting captivated in aboriginal August and the acceptable applicant getting appear by August 13.
"In filing these proposed procedures in beforehand of the June 30 borderline in our lending agreement, we are affective advanced as bound as accessible with the action of monetizing our agenda imaging apparent portfolio," Timothy Lynch, Kodak's Chief Intellectual Property Officer said.
The company's banking adviser, Lazard, has marketed these assets over the accomplished 12 months, and 20 parties accept active acquaintance agreements to date, the aggregation appear in a statement.
Kodak, which invented the handheld camera and the agenda camera, filed for defalcation aegis on January 19. Read More
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