Kodak’s goal to raise funds through the sale of its patents hit a setback this week as the U.S. International Trade Commission upheld a decision from May that Apple and RIM do not infringe on Kodak’s so-called ‘218 patent.
The patent, which covers how digital cameras preview images, is one of Kodak’s key pieces in its patent portfolio. The company is hoping to recover upwards of US$1 billion through its sale. Kodak announced it plans an appeal to the U.S. Court of Appeals for the Federal Circuit in Washington, D.C.
The company announced at the start of July that it has received permission from the Bankruptcy Court to auction its Digital Capture and Kodak Imaging Systems and Services patent portfolios. The motion was contested by Apple, which claimed ownership interests in a small number of the 1,100 patents in question.
The patent auction is expected to go ahead in August. Kodak entered bankruptcy protection in January of this year.
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