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Kodak extends printing relationship with CVS through 2016

Eastman Kodak Company (EKDKQ) announced late Friday that it will extend its relationship with CVS/pharmacy (CVS) through 2016. CVS/pharmacy operates 7,400 stores across the U.S. and is the largest customer of Kodak's Retail Systems Solutions business. CVS/pharmacy has over 15,000 Kodak Picture Kiosks in its stores. As part of this agreement, CVS/pharmacy will be upgrading and expanding its fleet of KODAK Adaptive Picture Exchange dry lab systems offerings. Following the positive customer response to the print from Facebook (FB) feature, CVS/pharmacy recently launched mobile printing from smartphones to the Kodak Kiosk. Because this new agreement resolves certain pre-chapter 11 issues between the two companies, it will be brought before the court for approval at a hearing scheduled for December 7.