Ampex licenses camera patents to Nikon and Funai
Ampex Corporation today announced that it has
concluded license agreements with two manufacturers of digital still cameras
based in Japan: Nikon Corporation (Nikon), and Funai Electric (Funai). The
agreements permit the use of several United States and foreign patents held by
Ampex in the manufacture and sale of digital still cameras. The licenses provide
that their terms are confidential. Pursuant to the licenses, Ampex will receive
during its second fiscal quarter negotiated payments totaling approximately $2
million to settle liability for past use of its patents prior to conclusion of
the agreements.
Posted: Tue - June 14, 2005 at 07:07 PM