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04.23.2002
Kodak
Announces Partnership with
YesVideo to Preserve Video
Memories on DVD and CD
Newest
Technology Offers Increased
Services, Enhances Consumer Value
at Retail Photo
Centers
ROCHESTER,
NY. – April 23, 2002
– Eastman Kodak Company
today announced a new
relationship with YesVideo to
enhance consumer options at
retail and grow the photography
category through the offering of
Video to DVD or CD Transfer
Services via the Qualex lab
network.
Capitalizing
on a market opportunity in excess
of $12 billion containing over
200 million hours of videotape
needing to be digitized, Kodak
and YesVideo are providing a
solution to retailers and
consumers that offer greater
preservation as well as easy
viewing on a television or
personal computer. Utilizing
Kodak's existing photofinishing
bag, consumers can order Video to
DVD or CD Transfer Services as
easily as they can have film
processed to get prints.
"The
partnership with YesVideo is
exactly the kind of relationship
Kodak strives to develop," said
Scott Auer, Vice President,
Photofinishing Services, Kodak.
"It's a win-win situation for all
parties involved by focusing on
the end consumer experience and
utilizing today's technology and
innovation. This transfer service
also answers consumer preference
for preservation, storage and
sharing of precious
memories."
Video to DVD
or CD Transfer Services are
available at more than 12,000
retail locations nationwide
supported by Qualex.
Memories
stored on DVD and CD last for
more than 100 years, while
videotape can degrade in quality
in as few as ten years. Video to
DVD offers consumers an easy,
high quality way to view their
memories on television, including
a scene index that makes finding
favorite moments simple. Video to
CD features include scene index
capability, custom edits
capability to change scene
content, and still image capture
for sharing images via e-mail or
prints.
Fifty percent
of consumers surveyed by Kodak
rated the product as 'solving a
problem,' and 35 percent said
they would be likely to purchase
the product if available. Kodak's
partnership with YesVideo
supported by the Qualex
distribution network allows
consumers to simply drop their
videotape at retail and return in
14 days to pick up their DVD or
CD.
Although video
transfer technology has been
available in recent years,
Kodak's partnership helps bring
the solution directly to
consumers in an easy to use
format.
Eastman
Kodak Company and
infoimaging
Kodak is the leader in helping
people take, share, enhance,
preserve, print and enjoy
pictures -- for memories, for
information, for entertainment.
The company is a major
participant in "infoimaging" -- a
$225 billion industry composed of
devices (digital cameras and
PDAs), infrastructure (online
networks and delivery systems for
images) and services & media
(software, film and paper
enabling people to access,
analyze and print images). Kodak
harnesses its technology, market
reach and a host of industry
partnerships to provide
innovative products and services
for customers who need the
information-rich content that
images contain such as the new
Video to DVD or CD Transfer
Services. The company, with sales
last year of $13.2 billion, is
organized into four major
businesses: Photography,
providing consumers,
professionals and
cinematographers with digital and
traditional products and
services; Commercial Imaging,
offering image capture, output
and storage products and services
to businesses and government;
Components, delivering flat-panel
displays, optics and sensors to
original equipment manufacturers;
and Health, supplying the
healthcare industry with
traditional and digital image
capture and output products and
services.
YesVideo
Yes Video incorporates
best-in-class video engineering
into automation software that
enables on-demand DVD and CD
publishing for home and
professional video. Sai-Wai Fu, a
pioneer in digital video
compression technology, founded
the company in 1999. The company
is located at 2249 Zanker Road,
San Jose, CA 95131 and can be
reached on the Internet at
http://www.yesvideo.com or by
phone at (toll free)
877-817-5375.
Editor's Note:
For additional information about
Kodak, visit our web site on the
Internet at: www.kodak.com.
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