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KODAK PHOTO CD SYSTEM TAKES MAJOR EUROPEAN AWARD

 KODAK PHOTO CD SYSTEM
 TAKES MAJOR EUROPEAN AWARD
 ROCHESTER, N.Y., July 14 /PRNewswire/ -- Eastman Kodak Company's (NYSE: EK) innovative Photo CD system recently received the Eduard- Rhein Foundation's 1992 Technology Award, one of Europe's most celebrated technology prizes.
 Judges based the award on Kodak's ability to marry photography and electronics in the new Photo CD system set to hit the U.S. market this summer.
 The foundation, based in Hamburg, also cited Kodak's professional digital camera system as another example of the company's leadership in imaging technologies.
 Accepting the 100,000 Deutschemark (approximately $66,000 U.S.) award at a ceremony in Bonn, Germany, were Photo CD pioneers Scott Brownstein, manager of Advanced Development, CD Imaging, and Stephen Stepnes, general manager and vice president, CD Imaging.
 "This award is regarded in Europe's scientific community as second only to the Nobel prize," noted Stepnes. "It is a tribute to every member of the Photo CD team that Kodak now possesses the award."
 Kodak's Photo CD system enables consumers to have their 35mm film transferred onto a compact disc for viewing on TV using a Photo CD player, or on computer using a CD-ROM XA drive. Players will be available to U.S. consumers in August.
 Today's prize marks the fifth international award given to Kodak for its Photo CD technology. The four others include: "European Innovation of the Year," by the European Award's Committee; Czechoslovakia's gold Inkama medal; "Best Design Technology 1991- 1992," by the Technical Image Press Association; and recognition as one of the significant technological and scientific achievements of 1990 by Popular Science Magazine.
 -0- 7/14/92
 /CONTACT: Paul C. Allen of Eastman Kodak Company, 716-724-5802/
 (EK) CO: Eastman Kodak Company ST: New York IN: CHM SU:


BM -- CL022 -- 9218 07/14/92 15:34 EDT
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Date:Jul 14, 1992
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