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Press Release
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May.13.2004
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To Whom It May Concern:
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Funai Electric Co., Ltd.
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President and CEO: Tetsuro Funai
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(Code number: 6839, The First Section of
the Tokyo Stock Exchange, The First Section of the Osaka Securities Exchange)
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Public relations Contact: Mutsuo Takei
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(Tel: 81-72-870-4395)
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Funai and Kodak Agree to Manufacture
Kodak Digital Still Cameras in Funai China Facility
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Funai Electric Co., Ltd (President and CEO: Tetsuro Funai) and Eastman Kodak Company (New York, USA. Chairman and CEO: Dan Carp) have agreed to a relationship where Funai will manufacture Kodak Digital Still Cameras in Funai’s China facility. Manufacturing started in April 2004. Funai is a licensee under Kodak’s Digital Camera Intellectual Property Licensing Program.
The relationship combines Kodak’s planning, development and marketing expertise with Funai’s mass production technology and cost-competitiveness with the aim of achieving a leading edge in technology and cost-effective manufacturing in the fast-growing Digital Still Camera market.
The agreement enables Funai to move into the Digital Still Camera market along with its current mainstay products like DVD, TV, VCR and printers, and enables Kodak to increase manufacturing capacity of its EasyShare brand of digital cameras, the fastest growing brand of digital still cameras worldwide, according to a recent global IDC report.
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