Shutterfly to License Kodak Imaging Patents
REDWOOD CITY, Calif.--(BUSINESS WIRE)--
Shutterfly,
Inc. (NASDAQ:SFLY), the leading manufacturer and digital retailer of
high-quality personalized products and services, today announced that it
has entered into an agreement to license 1,100 Kodak imaging patents, as
well as other patents that Kodak is keeping as part of its on-going
business.
"As the market leader in digital personalized photo products and
services, Shutterfly continues to invest in its intellectual property
portfolio through licensing and internal innovation, which includes 55
patents granted and more than 50 patent applications in the U.S. and
abroad," said Jeffrey Housenbold, president and chief executive officer
at Shutterfly. "We've partnered with a consortium of global technology
firms to come to an agreement that supports the business objectives of
all parties involved."
This proposed agreement also dismisses current patent-related litigation
between Shutterfly and Kodak.
About Shutterfly Inc.
Shutterfly, Inc. is the leading manufacturer and digital retailer of
high-quality personalized products and services offered through a family
of lifestyle brands. Founded in 1999, the Shutterfly, Inc. family of
brands includes: Shutterfly,
where your photos come to life in photo books, cards and gifts; Tiny
Prints, premium cards and stationery for all life's occasions; Wedding
Paper Divas, wedding invitations and stationery for every step of
the planning process; and Treat,
personalized greeting cards that really stand out. For more information
about Shutterfly, Inc. (NASDAQ:SFLY), visit www.shutterfly.com.
Shutterfly, Inc.
Michael Look, 650-610-5910 (Investors)
mlook@shutterfly.com
Gretchen
Sloan, 650-610-5276 (Media)
gsloan@shutterfly.com
Source: Shutterfly, Inc.
News Provided by Acquire Media
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