Business

Kodak, Samsung agree on licensing pact

admin Contributor

ROCHESTER, N.Y. (AP) — Eastman Kodak has negotiated a licensing pact with Samsung Electronics that gives the companies access to each other’s digital-imaging patents.

Under an agreement announced Monday, Kodak will be paid royalties in return for ending a patent-infringement lawsuit filed against the South Korean mobile-phone maker in November 2008.

Samsung had already agreed in December to pay the photography products maker an undisclosed sum as the two sides worked to settle the dispute over patents used in Samsung’s camera phones.

Kodak has amassed more than 1,000 digital-imaging patents, and almost all of today’s digital cameras rely on that technology.

Kodak shares were down 8 cents at $4.59 in midday trading.