It does! I have a Kodak Z990 myself and there's no issue with compatibility. HOWEVER - you have to be pointing it directly at the sensor. If the person using the remote is going to be in the picture, it is nearly impossible to keep the remote hidden in the picture and still have it work.
Others have reported that this remote control works with several of the Kodak digital videocams. Have seen one or two reports that only the Record Start/Stop button works. We have a Kodak Zi8 (for which this remote control is intended) and over 90% of the time the Start/Stop button is the only button we use. We paid under $10 a couple of years ago for the remote. Hope this information helps you. I suppose if remote control is important for you then it's worth taking a chance on it.