26 Facts About Polaroid Corporation

Polaroid Corporation is an American company best known for its instant film and cameras.

The "new" Polaroid Corporation formed as a result, itself declared bankruptcy in 2008, resulting in a further sale to Polish billionaire Wiaczeslaw Smolokowski.

In May 2017, the brand and intellectual property of Polaroid Corporation were acquired by the largest shareholder of the Impossible Project, which had originally started out in 2008 by producing new instant films for Polaroid cameras.

Original Polaroid Corporation was founded in Cambridge, Massachusetts, by Edwin Land and George W Wheelwright III in 1937.

Polaroid Corporation, owning patents to its polarizer technology, got its start by employing polarization in products that included 3-D movies and protective goggles for military dogs.

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When Kodak announced instant film cameras in 1976, Polaroid Corporation announced they were suing them, accusing Kodak of having stolen its patented instant photography process.

Polaroid Corporation asked for $12 billion for infringements of its patents by Kodak.

The court ruled in favor of Polaroid Corporation, and ordered Kodak to cease instant picture production, plus pay Polaroid Corporation $909.

Polaroid Corporation was forced to make wholesale changes that included having to fire thousands of workers and close many factories.

Original Polaroid Corporation filed for federal Chapter 11 bankruptcy protection on October 11,2001.

Primary PDC received approximately 35 percent of the "new" Polaroid Corporation, which was to be distributed to its unsecured creditors .

Polaroid Corporation's bankruptcy is widely attributed to the failure of senior management — unable to anticipate the impact of digital cameras on its film business.

Polaroid Corporation branded LCDs and plasma televisions and portable DVD players had appeared on the market.

On January 5,2010, Polaroid Corporation appointed Lady Gaga as "Creative Director" for the company.

Consequently, Polaroid Corporation banned all sales to the government, including the military and police, and promised to raise wages and increase job training at its distributors.

In 1977, it became public Polaroid Corporation film was being sold by the distributor Frank and Hirsch to the South African government for use in the "passbook" in violation of Polaroid Corporation's policy.

For several years, Polaroid Corporation was the principal sponsor of NASCAR's 125 mile Featherlite Modified race at Watkins Glen and it was called the "Polaroid Corporation 125".

The Polaroid Corporation name was used in sponsorship in the NASCAR Busch Series.

Polaroid Corporation name has been associated with the NOPI drift series.

Polaroid Corporation was the principal sponsor of the Nissan 350Z driven by Nick Bollea in the 2007 season.

On February 8,2008, Polaroid announced that the company has decided to gradually cease production and withdraw from analog instant film products completely in 2008.

Since March 2010, instant film materials for vintage Polaroid Corporation cameras have again become available on the market, developed and manufactured by a group called The Impossible Project, at the former Polaroid Corporation production plant in Enschede, Netherlands.

In summer 2008 Polaroid Corporation released the PoGo, an instant photo printer producing 2 by 3 inches prints.

Polaroid Corporation released a line of cameras without printers including the t1035, a 10-megapixel digital camera.

In January 2012, Polaroid Corporation announced a new "smart camera", entitled the Polaroid Corporation SC1630 smart camera, which is powered by Google Android.

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In September 2014 Polaroid Corporation introduced a $99 action camera named the "Polaroid Corporation Cube", marketed as an alternative to cameras such as the GoPro Hero, specifically for casual, light users of action camcorders.