Eastman Kodak has announced plans to phase out its dedicated capture devices business, which includes digital cameras, pocket video cameras and digital picture frames, in the first half of 2012.

The phase-out, which is scheduled to take place during the first half of 2012, will enable Kodak to save more than US$100 million a year, the company said. But it will incur an approximately US$30 million charge from the exit of the business.

Kodak revealed that the company will instead expand its brand licensing program, and seek licensees in capture-devices categories. In addition, Kodak will continue its other consumer product lines that include online and retail-based photo printing, and desktop inkjet printing.

Kodak also indicated that the company is working closely with its retail partners to ensure an orderly transition. "Kodak will continue to honor all related product warranties, and provide technical support and service for its cameras, pocket video cameras and digital picture frames," the company said in a statement.

By: DocMemory
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