Kodak Announces Acquisition of Research Systems, Inc.; To Leverage Both Companies' Strengths in Remote Sensing Imaging Analysis.Business Editors ROCHESTER, N.Y. & BOULDER, Colo.--(BUSINESS WIRE)--Sept. 25, 2000 Eastman Kodak Company's Commercial & Government Systems (C&GS) business unit and Research Systems, Inc., (RSI (Repetitive Strain Injury) Ailments of the hands, neck, back and eyes due to computer use. The remedy for RSI is frequent breaks which should include stretching or yoga postures. ) today announced Kodak's acquisition of RSI, a leading designer of software used by scientists, engineers and others to extract information from images captured by sources such as satellites, aircraft and meteorological me·te·or·ol·o·gy n. The science that deals with the phenomena of the atmosphere, especially weather and weather conditions. [French météorologie, from Greek devices. Terms of the acquisition were not disclosed. RSI is based in Boulder, Colorado and employs 140 people worldwide. It will operate as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Kodak as part of Kodak's C&GS business unit. RSI's software allows customers to "visualize" and interpret complex data collected from remote sensing platforms such as earth observation satellites Partial list of Earth observation satellites by series/program.
"RSI's history of profitable growth, coupled with our imaging-as-information initiatives, will result in a powerful force in the remote sensing and imagery-derived information business," said Carl A. Marchetto, president of C&GS. "This will enable Kodak to provide complete end-to-end solutions to our customers who not only want the best imagery but also integrated tools to extract information as well. "Our joint efforts will ensure continued growth for both organizations in the market segments we share and in those we choose to pursue in the future," said Marchetto. "There is significant value to be derived from information that is extracted from remotely sensed imagery and this is just one more step as we move to capitalize on that value for our customers and shareowners." "We very much look forward to this new association with Kodak and we are pleased that we now will be able to more aggressively pursue growth opportunities which should take RSI to an even higher level of success in the marketplace," said David M. Stern David M. Stern is an American television writer. He is the brother of actor Daniel Stern, and worked with his brother on The Wonder Years. He has also written several episodes of the Simpsons and Monk. , founder and chief technologist of RSI. RSI's key offerings include four market-leading products. The company's flagship product, the Interactive Data Language (IDL (1) (Interface Definition Language) A language used to describe the interface to a routine or function. For example, objects in the CORBA distributed object environment are defined by an IDL, which describes the services performed by the object and how the data ), is a fourth generation software language for advanced scientific research. The Environment for Visualizing Images (ENVI) is a revolutionary image processing application supporting data analysis from broad spectral and radar sources. RiverTools is a software tool kit used for digital analysis of terrain and river networks. IDL On The Net (ION) is a sophisticated yet easy-to-use system that brings the power of RSI's software to the Internet. Kodak's C&GS unit provides innovative image information solutions to government agencies and commercial customers. Examples include aerial imaging, digital imaging systems for commercial imaging satellites, and optical systems for land and space telescopes. Kodak, based in Rochester, New York This article is about the city of Rochester in Monroe County. For the town in Ulster County, see Rochester, Ulster County, New York. Rochester, once known as The Flour City, and more recently as The Flower City or , is the world's biggest imaging company, with 1999 sales of $14.l billion, delivering "Images as Information". http://www.kodak.com |
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