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Technology Stocks : Eastman Kodak Company (NYSE: KODK)
KODK 7.975-4.9%Nov 13 3:59 PM EST

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To: richardred who wrote (282)1/14/2007 10:23:05 PM
From: richardred   of 484
 
Kodak & Sony Ericsson Exchange Technology

Following an announcement by Kodak with Motorola just 12 months ago for a 10-year global product, cross licensing and marketing alliance, today, again Kodak have announced a second similar alliance now with Sony Ericsson. With Kodak now aligned with two of the biggest mobile phone manufacturers and the ever growing pixel count in mobile camera phones, Kodak looks at present the best placed of the digital camera leaders to make the most of the digital camera, mobile camera phone evolution... below is the Kodak / Sony announcement.

Eastman Kodak Company 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 Kodak

From Glass Plates to Digital Images

With the slogan "you press the button, we do the rest," George Eastman in 1888 put the first simple camera into the hands of a world of consumers. In so doing, he made what had been a cumbersome and complicated process easy to use and accessible to nearly everyone.

Through the years, Kodak has led the way with an abundance of new products and processes that have made photography simpler, more useful and more enjoyable. Today, our work increasingly involves digital technology, combining the power and convenience of electronics with the quality of traditional photography to produce systems that bring levels of utility and fun to the taking, "making" and utilization of images.

What George Eastman began remains a goal of Eastman Kodak Company today, to provide convenience and quality to our customers so more and more people can experience the special wonders of photography and capture and re-live their more cherished moments

Visit the Kodak website

Source more news on Kodak digital cameras, news & press releases

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