FORT WAYNE, Ind. and ROCHESTER, N.Y., April 8 /PRNewswire/ -- ITT
Industries, Inc. (NYSE: IIN) Aerospace/Communications Division (A/CD) and
Eastman Kodak Company's Commercial & Government Systems (C&GS) unit announced
today an agreement to jointly pursue worldwide marketing opportunities.
The objective of this marketing agreement is to provide mutual benefit
from the complementary capabilities of ITT Industries and Kodak in the design,
manufacture and operations of space-based electro-optical remote sensing
systems. For example, Kodak has well-developed capabilities in the visible
light range for such sensing systems, while ITT Industries' capabilities are
strongly developed in the area of infrared sensing.
Market segments covered under the scope of this agreement include
commercial and U.S. Government remote sensing systems, as well as space
"We look at this agreement with Kodak as an excellent opportunity to bring
leading edge technologies into the emerging remote sensing systems
marketplace, and having our two companies become the preferred suppliers for
customers worldwide," said Pete Regan, vice president and director, Space
Systems Business Unit, ITT Industries A/CD.
"By working together, Kodak and ITT Industries will be able to offer
customers the highest quality and most cost-effective solutions based upon the
wide range of our complementary technologies," said David S. Ledgerwood, vice
president, Kodak C&GS.
ITT Industries A/CD is a world leader in the design, development and
production of spaceborne navigation and meteorological satellite payloads.
Examples include sophisticated geostationary and polar orbiting imaging and
sounding instruments used by the National Oceanic and Atmospheric
Administration (NOAA) to track severe weather patterns. It is a unit of ITT
Industries, (http://www.ittind.com), a global industrial manufacturing company
with leading positions in the markets that it serves, generating 1998 global
sales of $4.5 billion. Based in White Plains, NY, ITT Industries employs
approximately 33,000 people around the world.
Kodak C&GS provides imaging solutions to government agencies and
commercial customers. Examples include aerial photography, digital cameras,
digital imaging systems for commercial imaging satellites, and optical systems
for land and space telescopes.
ITT Industries and its subsidiaries' press releases are available at no
charge via fax and the Internet. To receive releases by fax, call
800-758-5804, extension 110006. For ITT Industries' news on the Internet,
visit http://www.ittind.com or http://www.prnewswire.com.
SOURCE ITT Industries, Inc.
Web site: http://www.ittind.com
CONTACT: Bob Lundquist of Eastman Kodak, 716-253-5790, or
firstname.lastname@example.org; or John Kirkwood of ITT Industries,
219-451-6384, or email@example.com