Business News
Kodak Enters Into Technology Cross-License Agreements with MEI and JVC
Tuesday 08. January 2008 - Eastman Kodak Company (NYSE:EK) today announced that it has entered into technology license agreements with Matsushita Electric Industrial Company (MEI) and with Victor Company of Japan, Limited (JVC) that will allow each company access to the others patent portfolio.
The license agreements, which provide significant benefits to all companies, is 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 Kodak and of MEI and JVC,” said Laura G. Quatela, Chief Intellectual Property Officer, and Vice President, Eastman Kodak Company. “Each cross-license agreement provides the companies with access to each others technology, and validates the strength of Kodaks intellectual property portfolio.”