Tuesday, May 13, 2008

Microsoft, HOYA In Patent Deal

Computing kingpin Microsoft Corp. revealed Monday that it has signed a patent cross-licensing agreement with HOYA Corp.'s Pentax Imaging Systems Division. Terms of the deal were not disclosed. However, Microsoft did divulge that Pentax is providing compensation. By sharing their intellectual properties, Microsoft explained, the two companies will be able to enhance existing product lines and develop future ones. Microsoft noted that the agreement covers Pentax digital cameras and a broad range of consumer products from both companies. HOYA Corp. is headquartered in Tokyo.