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Honeywell Grants License for Patented Display Technology to Sharp Corp.

19 April 2005

Honeywell (NYSE: HON) announced today that it has granted a license authorizing Sharp Corp. to use patented Honeywell technology relating to liquid crystal display (LCD) products.

The patented technology increases the brightness of images and reduces the appearance of certain interference effects on LCDs. Terms of the agreement were not disclosed.

LCDs are widely used in products such as desktop PC monitors, notebook computers, cell phones, personal digital assistants, portable DVD players, portable LCD TVs, video game systems and digital still cameras.

'Honeywell makes significant investments in technology, and we agressively promote the licensed use of our intellectual property,' said John Donofrio, Honeywell's vice president of Intellectual Property.

The agreement provides Sharp a license to use Honeywell's technology protected by U.S. Patent Number 5,280,371 -- the ''371' patent. Previous licenses under the '371 patent have been granted to LG.Philips LCD, NEC LCD, Chi Mei Optoelectronics and Samsung Electronics Co. Ltd.

In October 2004, Honeywell filed a lawsuit in U.S. District Court for the District of Delaware against 34 electronics companies alleging infringement of the '371 patent. Trial is pending. Philips, NEC, Chi Mei, Samsung and Sharp were not included as defendants in that case.

'We congratulate Sharp on its participation in our licensing program, which will enable the company to benefit from Honeywell's technology,' said Loria Yeadon, CEO, Honeywell Intellectual Properties Inc.

Honeywell International is a $26 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.

Source: dBusinessNews Newark