Philips Natuurkundig Laboratorium Diepeveen built an error-correcting coder-decoder that was delivered in the summer of 1978. The decoder was included in the CD prototype player that was presented to the international press. To commemorate this breakthrough, Philips received an IEEE Milestone Award on March 6, 2009. This breakthrough was also appreciated by Sony and they started a cooperation with Philips that resulted in June 1980 in a common CD system standard. Philips as a whole took a turn for the worse and by the end of the 1980s bankruptcy seemed a very real possibility. Under research director Kees Bulthuis the position of long-term
Photo CD their film negatives and transparencies. The Kodak Pro Photo CD Master Disc contains 25 images with maximum resolution of 6144 x 4096 pixels (six resolutions per file, Base/16 to 64 Base). This type is appropriate for 120 film, 4x5, but also for small picture film, if highest resolution is required. Separate from the Photo CD format is Kodak's proprietary "Portfolio CD" format, which combines Red Book CD audio and Beige Book PCD with interactive menus and hotspots on PCD images. Some standalone Philips Photo/Audio CD players could play Portfolio CDs, and Windows player application was freely available. The Kodak Portfolio