Truesense Imaging develops and manufactures high-performance image sensor devices that are used in manufacturing inspection, digital radiography, earth imaging satellites, traffic monitoring, and DNA sequencing systems. According to the company's website, "the business that would eventually become Truesense Imaging began in the Physics Division of Eastman Kodak Company in the early 1970s, with research in the nascent area of solid state imaging...." Platinum Equity purchased the division from Kodak in November 2011 and subsequently launched Truesense.
Kodak's work in this area was crucial to the development of digital photography. In 1986, it built the first megapixel image sensor, which was then used in the world's first digital SLR camera -- the Kodak DCS-100, released in 1991. Though, the first digital camera prototype was actually built by Kodak scientist Steve Sasson in 1975: it was the size of a toaster and captured black and white .01 megapixel images to an analog cassette tape.
Jack Welch may want to look at his own record before attacking others.