Kodak Announces Agreement with Office Depot to Sell New Kodak All-in-One Inkjet Printers
Eastman Kodak Company (NYSE: EK) today announced that Office Depot (NYSE:ODP), a leading global provider of office products and services, will carry the KODAK EASYSHARE family of All-in-One printers beginning July 1. This innovative all-in-one printing solution can save consumers up to 50 percent on everything they print, including text documents and photos. Savings are based on home printing of documents and photos, using average ink costs of comparable consumer inkjet printers. Actual results may vary.
“Kodak is revolutionizing home printing and our printers are receiving resounding support from consumers,” said Michael Korizno, General Manager for the Americas Consumer Digital Group, Vice President of Kodak. “We’re excited to be able to expand product availability with a market leader such as Office Depot.”
Office Depot will sell KODAK EASYSHARE All-in-One printers in all of the company’s more than 1,170 retail stores in the U.S., as well as online at www.officedepot.com.
“The new Kodak printing system is an ideal solution for consumers who are looking for quality and performance at an excellent value,” said Scott Koerner, Senior Vice President of Merchandising for Office Depot. “This service provides customers with another choice when it comes to purchasing ink for the home or office.”
The exclusive KODACOLOR technology integrated in KODAK EASYSHARE All-in-One inkjet printers is a combination of several elements: innovative pigment inks and permanent print heads, micro-porous photo paper, and Kodak’s long-standing experience in color and photo technology. This combination ensures excellent results for all printouts, be it text, graphics, or photos with vibrant colors.
Office Depot customers will enjoy the above savings as compared to other consumer inkjet systems for all types of printouts, with manufacturer suggested pricing of $9.99 for black ink cartridges and $14.99 for five-ink color cartridges. These ink prices ensure low cost-of-printing, as recently confirmed by third-party ink yield testing by independent testing lab QualityLogic, and a Kodak cost-of-printing analysis. For more information on the savings, testing and analysis, visit www.kodak.com/go/inkdata .
About Eastman Kodak Company
Kodak is the world’s foremost imaging innovator. With sales of $10.7 billion in 2006, the company is committed to a digitally oriented growth strategy focused on helping people better use meaningful images and information in their life and work. Consumers use Kodak’s system of digital and traditional products and services to take, print and share their pictures anytime, anywhere; Businesses effectively communicate with customers worldwide using Kodak solutions for prepress, conventional and digital printing and document imaging; and Creative Professionals rely on Kodak technology to uniquely tell their story through moving or still images.
About Office Depot
Office Depot provides more office products and services to more customers in more countries than any other company.
Incorporated in 1986 and headquartered in Delray Beach, Fla., Office Depot has annual sales of over $15 billion, and employs approximately 52,000 associates around the world. Currently, the Company sells to customers directly or through affiliates in 42 countries.
Office Depot is a leader in every distribution channel – from retail stores and contract delivery to catalogs and e-commerce. As of March 31, 2007, Office Depot had 1,174 retail stores in North America and another 360 stores, either company-owned, licensed or franchised, in other parts of the world. Office Depot serves a wide range of customers through a dedicated sales force, telephone account managers, direct mail offerings, and multiple web sites. With $4.5 billion in online sales during the last twelve months, the Company is also one of the world’s largest e-commerce retailers.
Office Depot’s common stock is listed on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index. Additional press information can be found at: http://mediarelations.officedepot.com.
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