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.

Source: LetsGoDigital


Posted: Tue - June 14, 2005 at 07:07 PM