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REDMOND, Wash. and TOKYO, July 2, 2014 /PRNewswire/ -- Microsoft Corp. and Canon Inc. on Wednesday broadened their strategic alliance with the announcement of a broad patent cross-licensing agreement. With this agreement, Microsoft (MSFT) and Canon gain licenses to each other's highly valued and growing patent portfolios.

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"This collaborative approach with Canon allows us to deliver inventive technologies that benefit consumers around the world," said Nick Psyhogeos, general manager, associate general counsel, IP Licensing of the Innovation and Intellectual Property Group at Microsoft. "Microsoft believes cooperative licensing is an effective way to accelerate innovation while reducing patent disputes."

This agreement covers a broad range of products and services each company offers, including certain digital imaging and mobile consumer products. Microsoft and Canon have a long history of collaborating to bring high-quality, cutting-edge products to consumers, including color technology. Contents of the agreement will not be disclosed.

"This agreement is a natural extension of our longstanding relationship with Microsoft and commitment to developing innovative technologies," said Hideki Sanatake, senior general manager, Corporate Intellectual Property & Legal Headquarters of Canon Inc.

Microsoft's commitment to licensing IP
The patent agreement is another example of the important role intellectual property (IP) plays in ensuring a healthy and vibrant technology ecosystem. Since Microsoft launched its IP licensing program in December 2003, the company has entered into more than 1,100 licensing agreements and continues to develop programs that open Microsoft's IP portfolio for customers, partners and competitors. The program was developed to provide access to Microsoft's significant R&D investments and its growing, broad patent and IP portfolio. More information about Microsoft's licensing programs is available at http://www.microsoft.com/iplicensing.

About Canon Inc.
Canon Inc. (NYSE: CAJ), headquartered in Tokyo, Japan, is a leader in the fields of professional and consumer imaging equipment and information systems. Canon's extensive range of products includes production printers, multifunction office systems, inkjet and laser printers, cameras, video equipment, medical equipment and semiconductor-manufacturing equipment. With nearly 200,000 employees worldwide, Canon has manufacturing and marketing subsidiaries in Japan, the Americas, Europe, Asia and Oceania; and a global R&D network with companies based in the United States, Europe, Asia and Australia. Visit the Canon Inc. website at: www.canon.com

About Microsoft
Founded in 1975, Microsoft is the worldwide leader in software, services, devices and solutions that help people and businesses realize their full potential.

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SOURCE Microsoft Corp.

Comments (1)
  • Don McKay
    , contributor
    Comments (72) | Send Message
     
    Hidden company Assets that add to Value

     

    Patents are an undervalued asset of many companies that I value and score for every stock I own. I also take into account the Real Estate owned and Radio Frequency Spectrum owned.

     

    Both Microsoft, and Intel own a lot of current, valuable and protective, patents. AT&T owns a lot of Radio Frequency Spectrum. I own stocks in all three. Other companies with a lot of these assets, which I do not own, are IBM (The largest patent generator in the world and holds the most patents), and Apple.

     

    Bank America (which I no longer hold) owns a lot of Real Estate that only goes up in value every year.

     

    These type of assets do not show up on financial statements, most of the time. These hidden assets add to company value and protect the company from competitors. If these "hidden assets" show up on Financial statement they would be taxable as income.