TMCnet News
Honeywell Licenses LCD Patent to Samsung Electronics; Honeywell Patent Covers Technology in Liquid Crystal Displays for Consumer Electronics MORRIS TOWNSHIP, N.J. --(Business Wire)-- July 2, 2004 -- Honeywell (NYSE:HON) announced today that it has granted a license to Samsung Electronics Co., LTD ("Samsung SEC") authorizing the use of a Honeywell U.S. patent relating to liquid crystal displays (LCDs) found in a wide variety of electronic consumer products.The patented technology, which helps concentrate light energy and minimize interference patterns, is widely used in LCD applications, including notebook computers, cell phones, digital still cameras, video camcorders, personal digital assistants (PDAs), portable LCD TVs and other applications. Financial terms were not disclosed. "This agreement enables Samsung SEC and Honeywell to benefit from years of pioneering research by Honeywell's aerospace business on LCD technology for aircraft cockpit displays. Samsung SEC has joined a growing number of LCD makers, such as LG.Philips LCD, that have been granted rights under this fundamental LCD patent owned by Honeywell," said Loria B. Yeadon, Chief Executive Officer, Honeywell Intellectual Properties Inc. "Honeywell has a long history of successfully licensing proprietary technologies worldwide for non-competing uses, as a core component of our strategic business model," Yeadon said. "We are pleased that Samsung SEC and its customers will benefit from our licensed technology." Under the agreement, Samsung SEC is granted a non-exclusive, worldwide license under US Patent No. 5,280,371 entitled "Directional Diffuser for a Liquid Crystal Display". The license agreement extends to LCD products that employ Samsung SEC's LCD modules. Samsung SEC is a leading provider of LCD modules to manufacturers of LCD-based consumer electronics. Honeywell International is a $23 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; specialty chemicals; fibers; and electronic and advanced materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com Based in Phoenix, Honeywell's aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations. This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act. |
