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PRESS RELEASE: Kodak and Sony, Sony Ericsson Enter Into Technology Cross-License Agreements
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.
(First posted on Wednesday, January 3, 2007 at 10:43 EST)
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