Saturday, December 29, 2007

Kodak says settles patent claims with Matsushita

Eastman Kodak Co (EK.N: Quote, Profile, Research) and Matsushita Electric Industrial Co Ltd (MEI) (6752.T: Quote, Profile, Research) agreed to settle their patent infringement claims, Kodak said in a regulatory filing on Friday.

Kodak said no monetary consideration was paid under the agreement reached on December 21, according to the filing with the U.S. Securities and Exchange Commission.

Kodak also said it reached a technology cross-license agreement with MEI, which will allow each company access to the other's patent portfolio.

Kodak also settled its claims with Victor Co of Japan Ltd (6792.T: Quote, Profile, Research), which was also a defendant in Kodak's suit against MEI.

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