Samsung Electronics forms cross-licensing deal with Kodak

By Lee Youkyung
SEOUL, Jan. 11 (Yonhap) -- Samsung Electronics Co., the world's largest maker of
memory chips and flat-panel TVs, said Monday that it has sealed a cross-licensing
deal with Eastman Kodak Co., ending a patent dispute over digital-camera
technology with the U.S. company.

Samsung and Kodak will drop all on-going complaints they have filed with the
International Trade Commission (ITC) in Washington, Samsung said in a regulatory
filing.
The financial terms of Friday's deal were not made available.
In a preliminary ruling made by the ITC in December, Samsung was deemed to have
infringed on two Kodak patents. The ruling, if signed by an ITC commission, could
have led to a ban on Samsung's digital camera exports to the U.S.
A few days later, the two companies began talks to settle the patent disputes.
A cross-licensing agreement is a deal between two or more parties in which each
party gives rights to its intellectual property to the other parties.
ylee@yna.co.kr
(END)

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