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Kodak Drops Suit, Kodak & SANYO to Cross License Digital Camera Technologies

Press release from the issuing company

ROCHESTER, N.Y., April 26 -- Eastman Kodak Company and SANYO Electric Co., Ltd. today announced a mutual agreement to cross license patents that is designed to expand the market for digital photography. Under the terms of the agreement, Sanyo receives a license to Kodak's patented digital camera technologies. Kodak withdrew a patent infringement suit recently filed against Sanyo and several of Sanyo's customers. Financial terms of the agreement have not been disclosed. "To cultivate our Digital Camera division, SANYO Electric has developed and patented many key technologies. SANYO holds more than a thousand worldwide patents covering a broad range of technologies, including semiconductors, for example, for Organic Light Emitting Diode (OLED) and low-temperature polysilicon displays, as well as image processing technologies such as image compression, auto focus, and color processing, and battery related technologies," said Hiroshi Ono, General Manager of SANYO's Multimedia company Video Imaging Systems division. Kodak and Sanyo will join forces to take advantage of the significant growth opportunities created by the convergence of traditional and digital imaging devices, infrastructure and media/services. The companies have agreed to work together to simplify and promote online, digital printing of images so that customers can obtain high-quality prints. Online digital printing will be enabled using Kodak infrastructure and services, including the [email protected] Internet photofinishing service and Kodak PhotoNet Online.