|By Business Wire||
|September 20, 2013 10:00 AM EDT||
In response to increasing demand for new solutions addressing flexible, folding carton and corrugated applications, Kodak and Bobst have formed a strategic development agreement to integrate Kodak technology into the Bobst portfolio of packaging production equipment. Bobst is already working on the development of innovative products based on Kodak technology.
“Flexibility, time to market and improved total cost of ownership are increasingly important to our customers. To extend the capabilities of packaging production equipment, we decided to join forces with Kodak in particular because of their strength in the digital arena,” noted Jean-Pascal Bobst, Chief Executive Officer of Bobst Group. “Our companies are working together on innovative industrial solutions that will offer our customers unique opportunities to expand their businesses. We are looking forward to completion of development work and rigorous testing, and ultimately to the announcement of innovations to our customers.”
“Bobst is admired throughout the packaging industry as a provider of high-quality solutions and for anticipating and meeting the changing needs of its customers,” said Antonio M. Perez, Kodak Chairman and Chief Executive Officer. “Bobst's commitment to introducing innovative products, its loyal customer base, and Kodak's portfolio of advanced technologies, including the KODAK Stream Inkjet technology, are a powerful combination that we believe will stimulate growth and transformation for Bobst customers and for our industry.
"Our agreement with Bobst is a great example of how the new Kodak wants to do business – leveraging our technologies through collaboration and synergistic product development for the benefit of customers, partners and for Kodak.”
Kodak has transformed into a technology company focused on imaging for business. Kodak serves customers with disruptive technologies and breakthrough solutions for the product goods packaging, graphic communications and functional printing industries. The company also offers leading products and services in Entertainment Imaging and Commercial Films. For additional information on Kodak, visit kodak.com.
For inquiries related to Personalized Imaging and Document Imaging businesses that have been spun off and are now known as Kodak Alaris, contact Andrew Sharkey at firstname.lastname@example.org.
BOBST is the world’s leading supplier of machinery and services to packaging manufacturers in the folding carton, corrugated board and flexible material industries. Founded in 1890 by Joseph Bobst in Lausanne, Switzerland, BOBST has a presence in more than 50 countries, runs 11 production facilities in 8 countries and employs over 5,000 people around the world. The firm recorded a consolidated turnover of CHF 1,26 billion for the year ended December 31, 2012. For more information, visit www.bobst.com.