Corning Incorporated (NYSE: GLW) and Fuji Photo Optical Co., LTD. announced today that they have entered into an agreement licensing the use of Corning patents concerning molded glass parts used for digital still cameras, display systems, and other products which require small, durable and quality optical lens systems.
As demonstrated by the Fuji Photo Optical case, the number of companies acquiring nonexclusive licenses under important Corning patents for molded glass parts is increasing. Details of this agreement are not disclosed.
For Corning, this agreement demonstrates a renewed emphasis on licensing elements of its technology portfolio in broad industrial sectors in order to protect its intellectual property and support further research and development.