Kodak has committed to commercial inkjet with its newly renamed Prosper Press Platform as the company’s Graphic Communi­cations Group recorded an 18% third-quarter decline in revenues.

The drop contributed to a company-wide drop in sales to $1.78bn, down 26% year on year, while sales in GCG came in at $674m.

Antonio Perez, chairman and chief executive of Kodak, said: “On a sequential basis, the positive trends are clear. Our sales are stabilising and some businesses are showing real signs of growth in the fourth quarter.”

He added that its commercial inkjet customer commitments for Prosper, its soon to be launched inkjet technology platform formerly known as Stream, “continue to grow rapidly in anticipation of delivery beginning in early 2010”.

Kodak said it expected its total revenue decline for the full year to all into the higher end of its 12-18% forecast.

Papers Worldwide’s managing director, Vikramjeet Singh Judge said: “We have seen 25% increase in volumes. We will be looking at opportunities for sub distribution in other GCC countries and by early next year planning to open offices in Saudi Arabia and Egypt.”