KYOCERA and Sandvik Sign a Patent Cross-License Agreement
in the Field of Cutting Tool Business
|
 |
|
|
(This document was translated from the Japanese press release.)
May 08, 2006
Kyocera Corporation, a Japan-based manufacturer of cutting edge electronic components and devices, and Sandvik Aktiebolag, a Swedish high-tech engineering and manufacturing company, today announced that they had entered into a patent cross-license agreement on April 18, 2006.
Under the terms of the agreement, Kyocera is licensed for the use of several patents relating to cutting insert for metal cutting which Sandvik holds, and Sandvik reciprocally is licensed to use several patents which Kyocera holds.
This agreement is to resolve all cutting-insert-technology-related disputes between the parties, which have been involved since February 2004.
About Kyocera
Kyocera Corporation, the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of advanced fine ceramics. By combining engineered ceramic materials with metals and plastics, and integrating them with other technologies, Kyocera has become a leading supplier of semiconductor packages, electronic components, industrial ceramics, telecommunications equipment, optical instruments, laser printers, copiers, solar energy systems, and so on. Kyocera started its cutting tool business in 1973 and has been broadening its product lines by applying fine ceramic technology.
About Sandvik
Sandvik is a high-technology, engineering group conducting worldwide business activities through representation in 130 countries. Sandvik has established a world-leading position in three business areas: Tooling, Mining and Construction, Materials Technology. Sandvik develops, manufactures and markets highly processed products, which contribute to improve the productivity and profitability of customers.
Media Enquiries:
Sandvik AB
Group Communications
Tel: +46 (0)26 26 00 00
Glossary for better understanding
* Patent License Agreement:
An agreement to give a license to a third party to use a patent owned by a company which receives royalties in consideration of the license. "To use a patent" means to use a method or to make or sell a product disclosed in the patent. To authorize each other to use patents owned by both parties is "cross-license."
* Cutting Insert:
Cutting and grinding are methods for processing metals with means to remove a part of the metals. Cutting is a method to scrape a surface off with a tool pressed on the surface, and grinding is a method to grind a surface by using a grindstone. A tool used for the cutting process is called "cutting tool," and a detachable edge portion is called "insert."
|
|
| Inquiries |
 |
From the Press |
| |
KYOCERA Corporation
Corporate Communications
Head Office
Tel: +(81)-(0)75-604-3416 (Direct)
Tokyo
Tel: +(81)-(0)3-3274-1577(Direct) |
| |
|
|
Top of page