The News: R.I.P. Polaroid (1948 – 2009)
Come 2009, Polaroid Corporation will cease production of their instant film, first developed in the 1930s. Polaroid will be closing factories in Massachusetts, Mexico, and the Netherlands, eliminating 450 jobs. The Polaroid Corporation plans to shift focus to new ventures such as portable printers for cell phones and digital cameras, televisions, and DVD players.
Polaroid’s newest venture, a sleek portable photo printer, is the size of a deck cards and boasts the ability to print full color images on business card size print while using no ink. This is possible using thermal printing technology developed and licensed from Zink Imaging, which was founded by private investors who bought technologies from Polaroid as it was coming out of it’s 2001 bankruptcy.
Down from a peak employee count of 21,000, Polaroid will continue to exist with a skeleton crew of 150 employees in the Boston suburb of Waltham.
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