Funai Launches KODAK Inkjet Printers

LOS ANGELES, June 12, 2015 /PRNewswire/ -- Funai Electric, the worldwide licensee for KODAK Consumer and SOHO Inkjet Printers, announced today it is launching its first Kodak-branded product this month.  Funai developed the line of all-in-one inkjet printers to address lingering consumer dissatisfaction with the high cost of ink and cartridges that run out of ink too fast. 

Funai has a long history of manufacturing inkjet and laser printers for recognized brands around the world. They have built more than 130 million inkjet printers over the last 16 years. For more than 120 years, the Kodak brand has stood for high quality, ease of use and great value. "The KODAK VERITE 55 is the first in a line of new and innovative printing products coming from Funai and we are happy to be partnering with Kodak to deliver a product that consumers clearly want," said Kiyoshi Chinzei, General Manager, Office Solutions, Funai Electric. 

The new printer provides an easy way for people to save up to 50% on their printing costs¹. Consumers get the satisfaction of knowing they can save on ink but also the convenience of having extra large (XL) color and black cartridges – that double the print yield – from the ink included in the box. The XL cartridges will print 360 color pages and 400 black pages.  This is equivalent to $50 of value if printed using other leading manufacturer's ink cartridges.²

The printer offers exceptional ease of use and wireless connectivity for printing, scanning and copying.  Scanning and printing from a smart phone or tablet takes a single touch or flick of the finger from the KODAK VERITE Printer App available for Apple and Android devices.  It features wireless direct and local Wi-Fi connectivity to enable wireless printing from mobile devices through the KODAK VERITE Printer App, Apple AirPrint ™ and Google Cloud Print ™.

The KODAK VERITE 55 Wireless Printer is available at WalMart for $79.47. Ink cartridges will be available for $9.97 for a standard fill (200 page yield) black cartridge and $17.97 for a standard fill (180 page yield) color cartridge.¹   There will also be XL (high yield) and XXL (extra high yield) cartridges that deliver up to two and three times the page yield respectively.¹

About Funai 

About Funai
Funai Electric Co. Ltd, established in 1961, is headquartered in Osaka, Japan and is listed in the Tokyo Securities and Exchange First Section (6839). In addition to the consumer electronics product brands sold by Funai Corporation in the USA and the products sold by other Funai sales and marketing companies in Japan, Asia, Europe, and South America, Funai Electric Company, Ltd. is a major original equipment manufacturer (OEM) and supplier for consumer electronics, computer, and computer peripherals worldwide.  For more information on the Funai group, please visit www.funai.jp/en/

1. Up to 50% or more savings claim is based on the cost per page ("CPP") of replacement KODAK VERITE 5 XL or VERITE 5 XXL Ink Cartridges as compared to the CPP of similarly priced branded cartridges for leading manufacturer's color inkjet printers less than $199 USD, market share reported by NPD 2014. CPP is based on manufacturer's recommended street price and page yield as reported by Gap Intelligence Reports. Actual savings may vary depending on number of pages actually printed per month and content of pages printed. Ink page yield values for color graphics and text document obtained by continuous printing in accordance with ISO/IEC 24711.  Actual results may vary.
2. Manufacturer's Suggested Retail Price (MSRP) of included KODAK VERITE 5 XL Black and XL Color Cartridges is $35. A $50 value when compared to the CPP of other leading manufacturer's ink cartridges for leading color inkjet printers less than $199 USD, market share reported by NPD 2014. Manufacturer's recommended street price and page yield as reported by Gap Intelligence Reports.

The Kodak trademark and trade dress are used under license from Eastman Kodak Company.

For additional information go to http://www.kodakverite.com/ or please contact:

Tetsuhiro Maeda
Representative Director, Officer, and General Manager of Corporate Planning Division
Investor and Public Relations Office
E-mail: investor_relations@funai.co.jp

Funai Corp Contact (US inquiry) :
Tonia Stigeler,
Social Media and Customer Care Manager
Email: tstigeler@funaicorp.com

Photo - http://photos.prnewswire.com/prnh/20150612/222705

SOURCE Funai Electric Co., Ltd.