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Honeywell Grants License for Patented Display Technology to AU Optronics Corporation

Posted on: Wednesday, 26 April 2006, 18:00 CDT

MORRIS TOWNSHIP, N.J., April 26 /PRNewswire-FirstCall/ -- Honeywell announced today that it has granted a license authorizing AU Optronics Corporation to use a patented Honeywell technology relating to specific 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, mobile phones, personal digital assistants, portable DVD players, portable LCD TVs, video game systems, camcorders, digital still cameras and a variety of other industrial and consumer products.

"This is a key technology for the improved LCDs that consumers expect in performance end products such as cameras, notebook computers and PDAs," said Loria Yeadon, CEO of Honeywell Intellectual Properties Inc. "We welcome AUO to our licensing program and are pleased that they and their customers and users will benefit from Honeywell's patent-backed technology."

The AUO agreement provides a license to use technology protected by U.S. Patent Number 5,280,371 -- the "'371 patent." Honeywell has previously licensed Toshiba Corporation, Toshiba Matsushita Display, Sharp Corporation, Sanyo Electric Co., Ltd., Sanyo Epson Imaging Devices Corp., Chunghwa Picture Tubes, Ltd., LG.Philips LCD, NEC LCD Technologies, Ltd., Chi Mei Optoelectronics, Inc., and Samsung Electronics Co., Ltd. under the '371 patent 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 and joined 31 additional parties in 2005. The litigation is pending.

Additional information is available on the internet at http://www.honeywell.com/licensing.

Honeywell International is a $28 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, NJ, 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 http://www.honeywell.com/.

Based in Phoenix, AZ, 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" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.

Honeywell

CONTACT: Paul X. Loughran of Honeywell, +1-602-365-5355

Web site: http://www.honeywell.com/licensing

Web site: http://www.honeywell.com/

Source: PRNewswire-FirstCall

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