Eastman Kodak Company is preparing to file for a Chapter 11 bankruptcy-protection in the next few weeks just in case they are unable to sell a collection of digital patents. Kodak currently employs about 19,000 people and they are discussing with lenders for about $1 billion in debtor-in-possession financing that would keep them from shutting down.

Eastman Kodak Company (NYSE:EK) has announced that they have launched a new app for the Android operating system called the KODAK Document Print App. Consumers will now be able to send documents from the Android operating system device directly to the KODAK All-In-One Printer using Google Cloud Print.

Kodak’s patent portfolio is worth five times the company itself, and Kodak is responding to the siren song of “five times the money” by shopping some of its patents around. The company has been doing a lot of licensing of its digital imaging patents for the past few years, but it appears it’s time to sell a few of them. Business Week reports that Kodak hired Lazard Ltd. to market 1,100 of their patents, about 10% of the portfolio.

This graphic from Thomson Reuters shows just who is suing whom in our current patent wars.

Eastman Kodak Company (NYSE:EK) filed a patent lawsuit against Apple Inc. (NASDAQ:AAPL) and Research In Motion (NASDAQ:RIMM). Kodak CEO Antonio Perez said that his company “deserves to win” and could even add over $1 billion in revenue from royalty payments.

Eastman Kodak Company (NYSE:EK) has announced a couple new digital frames under the Pulse line of products. The two Kodak digital photo frames come in 7-inch and in 10-inch. The 10-inch Kodak Pulse Digital Frame W1030S and 7-inch Kodak Pulse Digital Frame W730S have WiFi built in and are 800×600 resolution. The aspect ratio is 4:3 and the interfaces are fully touch screen.

Eastman Kodak Company (NYSE:EK) announced several new products today: the EasyShare Sport waterproof camera, the PlaySport mini-camcorder, and the Playfull camcorder.

Eastman Kodak Company (NYSE:EK) will be showcasing the Kodak PLAYSPORT Burton Edition video camera at the International Consumer Electronics Show (CES) in Las Vegas next month. The Kodak PLAYSPORT Burton video camera has an orange pixelated design that looks similar to a Burton Custom 154 Snowboard. The camera comes with a camera holster, 4GB Kodak SDHC memory card, and Kodak lithium-ion rechargeable battery. The PLAYSPORT Burton video camera has a 5 megapixel still capture, full 1080p HD video, LCD Glare Shield function, and electronic image stabilization. The video camera is also resistant to water for up to a maximum of 10 feet. [Azooptics]