Washington, July 4 (ANI): The debt-stuck firm Kodak has said that it has finally won the approval to sell off its digital imaging patents.
Apple and Flashpoint, the developer of a file sharing platform, had opposed the move claiming they owned some of the technologies being sold.
A US Bankruptcy Court, however, awarded Kodak the right to sell off its digital imaging patents.
Kodak said it now hoped to sell the intellectual properties in early August, The BBC reports.
The firm added that it would take steps to establish what it termed "adequate protection" for Apple and Flashpoint if their claims were later ruled to have been valid.
"We are gratified that the court has enabled us to move ahead with our patent auction in a timely manner and with clarity on ownership for the winning buyer," the report quoted Kodak's chief intellectual property officer Timothy Lynch, as saying.
According to the report, the auction will be carried out in two batches.
One portfolio will include about 700 patents covering image capture, processing and transmission technologies for digital cameras and other devices.
The other group will include tools for image manipulation, tagging and network-based services. (ANI)