Agreement between Kodak and Nokia

According to a press release, the license agreement, which is said to provide significant benefits to both companies, is royalty bearing to Kodak. Additional financial terms were not disclosed.

“We are pleased to have reached a mutually beneficial arrangement that advances the interests of Kodak and Nokia and validates the strength of Kodak’s intellectual property portfolio,” said Laura G. Quatela, Chief Intellectual Property Officer, and Vice President, Eastman Kodak Company. “We look forward to continued collaboration with Nokia.”