The firm is targeting exiting chapter 11 bankruptcy protection in the first half of 2013.

Kodak has confirmed it is to sell its personalised and document imaging groups—a move that further signals the company’s shift towards becoming a stand alone commercial print supplier.

The news comes amid speculation that the patent portfolio sale, key to raising the financing required to pay creditors, has failed to raise sufficient expressions of interest.

The firm says that with the proposed sales, it will be on target to exit chapter 11 bankruptcy in the first half of next year.

The sales of its 105,000 Kodak Picture Kiosks and photographic products marks one of the biggest phases yet in its move away from being an image capture business. It also highlights its commitment towards exiting the consumer market and transforming into a business-to-business services provider.

Chief executive officer, Antonio M. Perez, used the statement confirming the sales to reaffirm Kodak’s confidence in the printing and packaging markets.

He said: “We are reshaping Kodak. We continue to rebalance our company toward commercial, packaging and functional printing—in which we have the broadest portfolio solutions—and enterprise services.

“These businesses have substantial long-term growth prospects worldwide and are core to the future of Kodak.

“We are confident that our competitive advantages in materials science and deposition technologies, as well as our know-how in digital imaging, will enable us to capitalize on those opportunities and extend our leadership in key growth markets.”