PHOENIX, Sept. 17 /PRNewswire-FirstCall/ -- Honeywell announced today that it has granted rights to International Display Technology Co., Ltd. (IDTech) relating to a patented Honeywell technology that increases the brightness of images and reduces the appearance of certain interference effects on liquid crystal display (LCD) products.
Terms of the agreement were not disclosed.
"Our company invests millions of dollars in developing leading edge technologies that have widespread use across a variety of industries, and we take necessary steps to protect our investments," said Loria Yeadon, Chief Executive Officer, Honeywell Intellectual Properties Inc. "The company will continue to vigorously pursue unauthorized uses of its intellectual property."
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. IDTech will be dismissed from the litigation under the terms of the Agreement.
The agreement provides rights under technology protected by U.S. Patent Number 5,280,371 that provides advantages to LCDs via brighter screens with less image distortions. Honeywell has previously granted "'371 patent" rights to AU Optronics, HannStar Display, 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.
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.
Honeywell International is a $30 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. Additional information is available on the Internet at http://www.honeywell.com/licensing.
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.
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