Eastman Kodak is investing in a battery expertise firm. And the corporate’s CEO mentioned the affiliation is consistent with Kodak’s experience.
Kodak has taken a minority stake in California-based Wildcat Discovery Applied sciences for what it calls a ‘tremendous cell’ for electrical automobiles, which Wildcat says might considerably enhance the efficiency of the batteries powering these vehicles.
In a latest interview with WXXI Information, Kodak Government Chairman and CEO Jim Continenza mentioned that along with investments by Kodak, the Rochester firm can be offering coating and engineering companies, which he mentioned is a pure match, As a result of it makes use of expertise Kodak had already developed. in making a movie.
Continenza famous that Kodak had repurposed a machine a number of years in the past that was now used for coating movie to provide a cloth wanted within the manufacture of electrical automobiles and power storage batteries.
“Possibly a $70 million or $80 million machine, and we had been promoting it extraordinarily low cost (below $2 million),” Continenza mentioned. “And it is like, ‘No, now we have to get this again to work. It is an unbelievable piece of kit.’ And we realized, by mistake, George Eastman made a battery firm, he simply did not understand it. It is like making a movie and coating it on a battery.”
Continenza mentioned Kodak is searching for methods to capitalize on manufacturing capabilities in its superior supplies and chemical substances enterprise, which incorporates making chemical substances wanted for healthcare operations, resembling reagents which can be wanted in laboratory functions. Kodak additionally continues to make parts utilized in some prescription drugs.
Kodak’s CEO is enthusiastic concerning the firm’s infrastructure in Rochester (previously Kodak Park, now often known as Eastman Enterprise Park).
Continenza mentioned that having Eastman Enterprise Park is a giant cause Kodak is ready to manufacture a majority of these merchandise.
Continenza additionally pointed to the advantages of the amenities accessible at Eastman Enterprise Park when requested concerning the firm’s dedication to Rochester.
“To me, a part of Kodak’s legacy and its historical past is Rochester,” Continenza mentioned. “And I am not leaving it, I am not leaving my constructing, my company constructing, (on State St.) I am not leaving my park. Due to that infrastructure, everybody who comes right here advantages, As a result of they needn’t make it.”
Continenza was referring to a number of different corporations that now function within the enterprise park and use their numerous utilities and entry to rail and freeway transport.
Kodak continues to make industrial printing and packaging merchandise, and Continenza mentioned that a number of different merchandise made by the corporate are additionally related to that superior supplies and chemical substances enterprise, together with coatings utilized in light-blocking applied sciences for clothes, and Contains automotive and clear antennas. different functions.
Continenza mentioned Kodak can be taking a look at utilizing its coating and chemical experience to work with different corporations on battery expertise. “It is not simply EV batteries, there’s house storage and there are completely different applied sciences, we’re taking a look at performing some solid-state stuff for others. We’re additionally doing hydrogen, hydrocells. So it isn’t restricted to simply that. As a result of we all know how these items are manufactured.”
Kodak has about 1,500 staff in Rochester. Continenza mentioned the corporate is making an attempt to fill 91 vacancies.