vizzitor opened this issue on Feb 12, 2001 ยท 15 posts
vizzitor posted Mon, 12 February 2001 at 11:53 AM
NEWTON, Mass. - February 12, 2001 - LifeFX, Inc. (NASDAQ: LEFX), the leading developer of Stand-In virtual people for the Internet, and Eastman Kodak Company today announced an agreement to work together to commercialize and distribute LifeFXs Stand-In Technology-life-like, three-dimensional digital representations of people that can move, talk and express emotion. Under the terms of the agreement, Kodak will have rights to process two-dimensional pictures into personal LifeFX Stand-In virtual people. Upon commercialization, LifeFX will receive royalty fees from Kodak for the conversion of each consumer photograph into the personal, life-like Stand-In virtual person that will be created. Kodak will also provide LifeFX with in-kind marketing and distribution support including Powered By LifeFX branding. Kodak plans to make the LifeFX Stand-In Technology available through its products and services, such as Kodak Picture CD, kodak.com and other Kodak Web properties, and will support the distribution of the LifeFX player through its consumer channels.