Once the king of film, Kodak has struggled over the years to find their footing in the digital era. In 2013, the company emerged from bankruptcy and till today is looking to find business model to sustain itself. What used to be 200 buildings of Eastman Kodak’s business park, is now left with a few buildings, with the rest either demolished or sold off. The article mentions the story of Mr. Taber, a Kodak employee of 34 years, together with 300 other scientists and engineers are working through their legacy innovations in optics and chemistry can be turned into new business ventures. In July this year, Trump administration made a $765 million loan to the Eastman Kodak Co. for its launch of a business making pharmaceutical ingredients in the US.
Vocabulary and Sample Sentences:
Capitalize v. – chance to gain advantage from / convert into capital.
Complacent adj. – showing smug / self-satisfaction with one’s achievement
IP – Intellectual Property (patent, copyright, trademark)