The license agreement, which provides 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 of NEC," said Laura G. Quatela, Chief Intellectual Property Officer, and Vice President, Eastman Kodak Company. "The cross-license agreement provides each company access to the other’s technology, and validates the strength of Kodak’s intellectual property portfolio."