Attached files
| file | filename |
|---|---|
| 8-K - EASTMAN KODAK COMPANY 8-K FILING - EASTMAN KODAK CO | jan820108-k_samsung.htm |
Exhibit
(99.1)
EASTMAN KODK COMPANY
Media
Contact:
David
Lanzillo, Kodak, +1 585-781-5481, david.lanzillo@kodak.com
Kodak,
Samsung Enter Into Technology Cross License
Agreement Is Royalty-Bearing
to Kodak
ROCHESTER,
N.Y., Jan. 11 – Eastman Kodak Company (NYSE: EK) announced today that it has
entered into a technology cross license with Samsung Electronics Co Ltd. that
will allow each company access to the other’s patent portfolio.
The
license agreement, which provides significant benefits to both companies, is
royalty bearing to Kodak. The company received a payment from Samsung in
December that has been credited toward its royalty obligation. Additional
financial details were not disclosed.
The
companies also entered into an agreement to file joint requests for the
termination of patent infringement proceedings before the U.S. International
Trade Commission, and to settle their patent infringement lawsuits against each
other, which are pending in U.S. District Court for the Western District of New
York and in the German courts. Both the settlement of the litigation and the
license agreement become effective upon approval by the International Trade
Commission of the joint requests for termination. The ITC is expected to make
its determination by the end of January 2010.
“We are
pleased to have reached a mutually beneficial arrangement that advances the
interests of Kodak and Samsung and which validates the strength of Kodak’s
intellectual property portfolio,” said Laura G. Quatela, Chief Intellectual
Property Officer, and Vice President, Eastman Kodak Company.
#
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Kodak
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2010