Shutterfly to License 1,100 Kodak Imaging Patents
Shutterfly, Inc. (NASDAQ: SFLY), the leading manufacturer and digital retailer of high-quality personalized products and services, today announced that it has entered into an agreement to license 1,100 Kodak imaging patents, as well as other patents that Kodak is keeping as part of its on-going business.
“As the market leader in digital personalized photo products and services, Shutterfly continues to invest in its intellectual property portfolio through licensing and internal innovation, which includes 55 patents granted and more than 50 patent applications in the U.S. and abroad,” said Jeffrey Housenbold, president and chief executive officer at Shutterfly. “We've partnered with a consortium of global technology firms to come to an agreement that supports the business objectives of all parties involved.”
This proposed agreement also dismisses current patent-related litigation between Shutterfly and Kodak.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.