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Honeywell Grants License for Patented Display Technology to Sanyo and Sanyo Epson Imaging Devices; Technology is for Increasing Brightness of Images on LCDs

Posted on: Thursday, 7 July 2005, 18:00 CDT

Honeywell (NYSE: HON) announced today that it has granted a license authorizing Sanyo Electric Co. Ltd. and Sanyo Epson Imaging Devices Corp. (SEID) to use a patented Honeywell technology relating to certain liquid crystal display (LCD) products.

The patented technology increases the brightness of images and reduces the appearance of certain interference effects on LCDs. Terms of the agreement were not disclosed.

LCDs are widely used in products such as desktop PC monitors, notebook computers, cell phones, personal digital assistants, portable DVD players, portable LCD TVs, video game systems, and digital still cameras.

"The participants in our licensing program continue to expand, and we welcome Sanyo and SEID to our program," said Loria Yeadon, CEO of Honeywell Intellectual Properties Inc.

The Sanyo agreement provides a license to use technology protected by U.S. Patent Number 5,280,371 -- the "'371 patent." Honeywell licensed Sharp Corporation under the '371 patent earlier this year and LG.Philips LCD, NEC LCD, Chi Mei Optoelectronics and Samsung Electronics Co. Ltd. in prior years.

In October 2004, Honeywell filed a lawsuit in U.S. District Court for the District of Delaware against 34 electronics companies alleging infringement of the '371 patent. The litigation is pending. "Honeywell has made a very significant investment in technology, and we vigorously defend ourselves against the unlicensed use of our intellectual property. We encourage companies that desire proven technologies, reduced development costs, quicker time to market, and globally recognized brands, to explore Honeywell's licensed solutions," said Yeadon.

Information is available on the Internet at www.honeywell.com/licensing.

Honeywell International is a $26 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty 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. Honeywell Intellectual Properties Inc. is a subsidiary of Honeywell International which globally manages the corporation's diverse intellectual property assets and leads the corporation's IP licensing business and strategy. For additional information, please visit www.honeywell.com.

Based in Phoenix, Honeywell Intellectual Properties Inc. (HIPI) globally manages Honeywell's intellectual property portfolio and licenses companies worldwide under patents, trademarks, proven technologies and other Honeywell intellectual property to help accelerate their business growth.

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.

Source: Business Wire

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