Wednesday, September 4, 2013
The United Kingdom's Serious Fraud Office (SFO) has initiated proceedings against Olympus and its UK subsidiary Gyrus Group. Former president Michael Woodford had discovered a lot of "strange goings-on at the company" as early as 2008, including some aspects of the Gyrus acquisition, and after being promoted to CEO, he started to seek answers to questions related to a number of other "questionable" transactions, leading to his dismissal on 14 October 2011. After his ouster, Woodford offered to speak to authorities in the UK and Japan, which prompted an investigation that revealed a cover-up of huge losses dating back twenty years, causing three high-ranking Japanese officials of the company to be sentenced to suspended jail terms. Having completed its own investigation, the SFO has now decided to bring a prosecution against Olympus and Gyrus. The charges allege that certain representations made to the auditors of Gyrus in the documents related to the company's financial accounts for the fiscal years 2009 and 2010 were misleading, false or deceptive in a material particular, contrary to Section 501 of the UK Companies Act of 2006. Commenting on the news Olympus noted that "the potential financial impact of this prosecution on Olympus Group’s business is unclear."
Friday, August 30, 2013
SanDisk today commemorates its silver anniversary by ringing The NASDAQ Stock Market Opening Bell. SanDisk’s anniversary celebrations also include the company’s 5,000-person workforce volunteering in charitable programmes throughout the year in all countries in which SanDisk operates. “When Eli, Jack and I started SanDisk in 1988 we knew flash memory had great potential,” said Sanjay Mehrotra, SanDisk’s co-founder, president, chief executive officer. “The company’s growth and impact have far exceeded our expectations. While we reflect upon the many achievements and milestones, SanDisk’s employees are focused on creating the technology and solutions that will drive the next 25 years of industry transformation and value for our shareholders."
Monday, August 12, 2013
Flixel Photos have announced that supermodel and businesswoman Tyra Banks has invested in the company through Fierce Capital, the investment arm of The Tyra Banks Company. Flixel photographic images add an innovative element to traditional photographs by incorporating a seamless element of motion across an otherwise still image known as a “cinemagraph.” As a result of the new relationship, Flixel-branded cinemagraphs will be seen during Cycle 20 of ANTM, which premiered August 2 on the CW Network. "“Cinemagraphs combine the best of both worlds – the passive-viewing aspects of photography and the captivating aspects of video,” said Philippe LeBlanc, Flixel’s CEO. “We are very excited to partner with Fierce Capital and The Tyra Banks Company to introduce this exciting artform to... the millions of amateur and professional photographers and others worldwide who will create extraordinary works of art using Flixel technology.”
Wednesday, July 31, 2013
Sony and Panasonic have signed an agreement with the objective of jointly developing a next-generation standard for professional-use optical discs. Intended for long-term digital data storage, these archival discs should offer a recording capacity of at least 300GB and be available by the end of 2015. Optical discs have excellent properties to protect them against the environment, such as dust-resistance and water-resistance, and can also withstand changes in temperature and humidity when stored. They also allow inter-generational compatibility between different formats, ensuring that data can continue to be read even as formats evolve.
Monday, July 22, 2013
Canon have opened their new Canon Americas headquarters in Melville, N.Y. “The official opening of the Canon Americas Headquarters is an exciting time for our Company and we are grateful for all of the local support we have received along the way,” said Joe Adachi, president and CEO of Canon U.S.A. “Canon's dedication to the environment and the community is an integral part of our corporate culture. The headquarters, which is designed to meet LEED gold certification, will serve as a symbol of this commitment.” The 700,000-square-foot building is five stories tall and cost $500 million to complete.
Tuesday, July 2, 2013
X-Rite has entered into a long-term partnership with Color Confidence to form X-Rite Photo Europe. The creation of X-Rite Photo Europe establishes a dedicated team, solely focussed on the X-Rite range of photo products, which from July 1st will manage the sales, marketing and support to partners and end user customers across Europe, the Middle East, Africa and Russia. X-Rite Photo Europe’s product portfolio includes the ColorMunki range, the i1 range and the ColorChecker line-up. Existing X-Rite partners, and prospective resellers looking to learn more about X-Rite’s photo portfolio, can begin trading with X-Rite Photo Europe immediately.
Pentax Ricoh Imaging today announced that it is changing its company name to Ricoh Imaging, effective from 1st August. The company has also unveiled its future product brand strategy: both Pentax and Ricoh products will remain in the market with Pentax becoming the brand for all DSLR, interchangeable lens cameras and binoculars, and Ricoh becoming its brand for compact cameras and "new technological innovations."
Wednesday, June 26, 2013
Jennifer Karády and Elley Ho, alongside agencies Fraser Communications and Heward Jue, Inc., have been selected to receive this year's Getty Images Creative Grants. In the project Healing our Hidden War, Brooklyn-based photographer Jennifer Karády and agency Fraser Communications will collaborate with Volunteers of America, Los Angeles (VOALA) to tell the stories of military veterans returning from deployments in Afghanistan and Iraq, revealing the invisible trauma of war and how it affects them. Educating Children | Transforming Worlds, by California photographer Elley Ho and Creative Director Heward Jue will utilize video and print to demonstrate how the Asante Africa Foundation's education programs for children are profoundly transforming lives and communities in East Africa.
Wednesday, May 22, 2013
Canon has launched a new advertising campaign using the creative theme ‘Power to your next step.’ "‘Power to your next step’ is a campaign that brings to life Canon’s commitment to empower consumers to take their ‘next step’ in imaging” said Nigel Taylor, Consumer Imaging Marketing Communications Director, Canon Europe. “We want to inspire and support everyone in taking their ‘next step’, whether it be in photography, shooting video or printing special moments. Canon has a product suitable for every step, whether you’re a beginner or a professional.” For more information, visit the website below.
Wednesday, May 1, 2013
Kodak has announced a comprehensive settlement agreement with the UK Kodak Pension Plan (KPP), its largest creditor, providing for the spin-off of Kodak’s Personalised Imaging and Document Imaging businesses to KPP for $650 million. The Personalised Imaging business includes still camera film products, photographic papers, retail print solutions and souvenir photo products sold at theme parks and other venues. The Document Imaging business provides a portfolio of scanners, capture software and services to enterprise customers. At present it is unclear what KPP intends to do with these businesses.
Friday, April 26, 2013
SanDisk is sponsoring The Coldest Journey, an expedition across Antarctica where voyagers will attempt take on one of the last remaining polar challenges. During their voyage, the team will undertake a number of scientific tests to capture images and data with the goal to make a significant contribution to our understanding of the true effects of global warming on the Antarctic continent. In order for the team to capture this journey while storing and sharing content on the move, SanDisk is providing the expedition team with SanDisk Extreme Pro SDHC memory cards and SanDisk Extreme SSDs. Veteran explorer, Sir Ranulph Fiennes, expedition leader of The Coldest Journey will be leading the team from the UK. “The team will stretch the limits of human endurance, covering 2,000 miles in six months at temperatures approaching minus 90°C,” Fiennes said. “When you’re looking to succeed in nature’s extreme margins, you need to have absolute trust in all of your equipment. We knew that when it comes to flash memory, be it SSDs to store our video, or SD memory cards to record the adventure, SanDisk is the ideal partner to have on board for The Coldest Journey.”
Wednesday, April 17, 2013
Getty Images today announced that applications for its 2013 Grants for Editorial Photography are now being accepted. Five photojournalists will be selected to receive grants of US$10,000, intended to provide the funding and freedom to pursue projects of personal and journalistic significance. The Grants for Editorial Photography were created in 2004 to provide emerging and established photographers with the means, creative freedom and collaborative editorial guidance to pursue projects of personal and journalistic significance. Previous grant recipients include Bharat Choudhary for “The Silence of ‘Others’,” Paolo Marchetti for “FEVER – The Awakening of European Fascism,” Sebastian Liste for “The Brazilian Far West” and Kosuke Okahara for “Fragments/Fukushima.” Grants applications are open until 1 May, 2013 before midnight GMT. Winners will be announced in September 2013 at the Visa Pour l’Image photojournalism festival in Perpignan.
The Ilford Group has acquired Germany-based Tecco GmbH, a converter and supplier of coated and uncoated media for the proofing, photographic, production & laser markets. Commenting on the acquisition, Paul Willems, CEO of Ilford Group AG stated: “ILFORD Imaging Switzerland is known for its state-of-the-art product development and as a manufacturer of high quality products. With the company’s goal of expanding its customer base, it was important to align our business with a company that specialises in offering a total customer service. TECCO adds an important and strategic dimension to our business that will immediately benefit our customer base today and also in the future.”
Friday, March 1, 2013
Aptina has signed a patent cross-licence agreement with Sony, which provides each company with access to the other’s patent portfolio. “Patents and innovation are a critical component of Aptina’s strategy, and Aptina’s patent portfolio is the largest and strongest in the image sensor industry,” said Bob Gove, President and CTO of Aptina. “We believe that this powerful blend will advance technology to realise our goal of enabling consumers to capture beautiful images and visual information.”
Friday, February 22, 2013
A 320-gigapixel image of London taken from the top of the BT Tower has set a new record for the world’s largest panoramic photo. The picture, which is made up of 48,640 individual images, shows a full 360 degree view of London in incredible detail. To capture the source frames, 4 Canon EOS 7D cameras with EF 400mm f/2.8L IS II USM lenses and Extender EF 2x III teleconverters were mounted on Clauss company Rodeon VR Head ST robotic panorama heads and positioned in four secure locations around the 29th floor platform. The raw images were then processed over a multi-week period using Fujitsu Technology Solutions’ Celsius R920 workstation with 256GB of RAM and 16 cores at 3.1GHz, and Autopano Giga panorama stitching software from Kolor. The project was commissioned and financed by the BT Group, and completed by 360Cities.
Friday, February 15, 2013
The Schloßparkmuseum in Bad Kreuznach is hosting a special exhibition entitled, “The World in Focus – 100 Years of Schneider Optische Werke Bad Kreuznach.” In the past 100 years, Schneider Kreuznach played an instrumental role in the history of optics in Germany and gained worldwide recognition especially in the field of large- and medium-format camera lenses. “The company has always aimed for the highest quality rather than quantity; we still feel committed to this aspiration,” says Dr. Josef Staub, CEO of the Schneider Group. The exhibition will be on display from 17 February to 31 August 2013.
Monday, January 21, 2013
Olympus Japan has announced that no less than five new companies have joined Micro Four Thirds. The newcomers include Kodak licensee JK Imaging, innovative digital cinema camera manufacturer Blackmagic Design - which has already launched a Micro Four Thirds model, the Blackmagic Cinema Camera MFT (pictured) -, high-speed digital imaging expert Photron, as well as Germany’s SVS-VISTEK and Japan’s ViewPLUS. “With the addition of exciting new products from these companies, the Micro Four Thirds lineup will become much more diverse, further increasing the potential of this advanced digital imaging system,” Olympus said in a statement.
Friday, December 21, 2012
Adobe today announced that it has acquired Behance, an online social media platform that enables creatives to showcase and share their work. In the last 30 days, portfolios on Behance-powered sites have received over 90 million views and today there are over 3 million projects hosted on the Behance platform. “Behance will play a key role in Adobe’s efforts to serve the creative world in the years to come and will accelerate our efforts to enable a more open and collaborative creative community,” said David Wadhwani, senior vice president and general manager, Adobe.
Wednesday, December 19, 2012
Kodak has sold its digital imaging patent portfolio for approximately 525 million dollars. The price will be paid partly by 12 intellectual property licensees organised by Intellectual Ventures and RPX Corporation, with each licensee receiving rights with respect to the digital imaging patent portfolio and certain other Kodak patents; partly by Intellectual Ventures, which is acquiring the digital imaging patent portfolio subject to these new licenses. “This monetization of patents is another major milestone toward successful emergence,” Antonio M. Perez, Chairman and Chief Executive Officer, said. “Our progress has accelerated over the past several weeks as we prepare to emerge as a strong, sustainable company. This proposed transaction enables Kodak to repay a substantial amount of our initial DIP loan, satisfy a key condition for our new financing facility, and position our Commercial Imaging business for further growth and success.”