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Eastman Kodak Co. on Wednesday said it signed a licensing pact with Sony Corp. that settles a dispute over digital camera and imaging technology patents, and grants each company access to the other’s patents.Kodak also announced that it has entered into a technology cross license with Sony Ericsson Mobile Communications AB that will allow Sony Ericsson access to Kodak technology for Sony Ericsson’s products. Kodak will also have access to Sony Ericsson’s technology.

The license agreements are royalty bearing to Kodak. Additional financial terms were not disclosed.

Laura G. Quatela, Managing Director, Intellectual Property Transactions, and Vice President, Eastman Kodak Company said: ”We are pleased to have reached a mutually beneficial arrangement that advances the interests of the three companies,” “These cross-license agreements give us broad access to the technology of Sony and Sony Ericsson, and validate the strength of Kodak’s intellectual property portfolio.”

Separately, the companies agreed to conclude their patent litigation, which involved a subset of their imaging technologies.

Eastman Kodak Co. on Wednesday said it signed a licensing pact with Sony Corp. that settles a dispute over digital camera and imaging technology patents, and grants each company access to the other’s patents.Kodak also announced that it has entered into a technology cross license with Sony Ericsson Mobile Communications AB that will allow Sony Ericsson access to Kodak technology for Sony Ericsson’s products. Kodak will also have access to Sony Ericsson’s technology.

The license agreements are royalty bearing to Kodak. Additional financial terms were not disclosed.

Laura G. Quatela, Managing Director, Intellectual Property Transactions, and Vice President, Eastman Kodak Company said: ”We are pleased to have reached a mutually beneficial arrangement that advances the interests of the three companies,” “These cross-license agreements give us broad access to the technology of Sony and Sony Ericsson, and validate the strength of Kodak’s intellectual property portfolio.”

Separately, the companies agreed to conclude their patent litigation, which involved a subset of their imaging technologies.