ROCHESTER, N.Y., Jan. 3 --
Eastman Kodak Company (NYSE:EK) today announced that it has entered into a
technology cross-license agreement with Sony Corporation that will allow each
company broad access to the other’s patent portfolio.
Kodak also announced that it has entered into a technology cross license
with Sony Ericsson Mobile Communications AB that will allow Sony Ericsson
access to Kodak technology for Sony Ericsson’s products. Kodak will also have
access to Sony Ericsson’s technology.
The license agreements are royalty bearing to Kodak. Additional
financial terms were not disclosed.
“We are pleased to have reached a mutually beneficial arrangement that
advances the interests of the three companies,” said Laura G. Quatela, Managing
Director, Intellectual Property Transactions, and Vice President, Eastman Kodak
Company. “These cross-license agreements give us broad access to the technology
of Sony and Sony Ericsson, and validate the strength of Kodak’s intellectual
property portfolio.”
Separately, the companies agreed to conclude their patent litigation, which
involved a subset of their imaging technologies.
About Eastman Kodak Company
Kodak is the world’s foremost imaging innovator, providing leading products
and services to the photographic, graphic communications and healthcare
markets. With sales of $14.3 billion in 2005, the company is committed to a
digitally oriented growth strategy focused on helping people better use
meaningful images and information in their life and work. Consumers use Kodak’s
system of digital and traditional image capture products and services to take,
print and share their pictures anytime, anywhere; Businesses effectively
communicate with customers worldwide using Kodak solutions for prepress,
conventional and digital printing and document imaging; Creative Professionals
rely on Kodak technology to uniquely tell their story through moving or still
images; and leading Healthcare organizations rely on Kodak’s innovative
products, services and customized workflow solutions to help improve patient
care and maximize efficiency and information sharing within and across their
enterprise.
More information about Kodak (NYSE: EK) is available at www.kodak.com.
