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Honeywell Licenses GPS Technology to LG Electronics AXcess News) Phoenix, AZ - Honeywell (NYSE: HON)said Sundaythat it licensed LG Electronics Inc. (LGE) to use two patents relating to Global Positioning Systems (GPS) and to grant sublicenses for certain automotive OEM and aftermarket applications. Thepatents licensed are in the US andhave foreign counterparts in Japan, Europe, and Canada. The patented technology relates to navigation systems that use inertial components to help improve GPS accuracy. Terms of the LGE deal were not disclosed. "Honeywell has invested millions of dollars in research and development for many years to develop leading edge navigation technologies and solutions to meet customer's needs in the aerospace industry, and we continue to look for opportunities to apply our proven technologies to meet navigation needs in other industries, such as the automotive and agricultural industries," said Frederic Ramioulle, VP, Business Innovation Center, Honeywell International Inc. "This The URL you supplied is either not RSS or the site is down at this time. Please check the feed URL or refresh the page.

agreement with LGE is a first step towards expanding our navigation business through strategic licensing arrangements," said Loria Yeadon, Chief Executive Officer, Honeywell Intellectual Properties Inc. "We are pleased that LGE has joined our licensing program."

after the news Shares of Honeywell closed at $37.95, down 36 cents.

Article Sources:
• LG licenses Honeywell GPS patents | CNET News.com
• Honeywell Licenses GPS Patents to LG Electronics ...
• 2005 December Telecommunications Industry News
• Free Articles and Content Generator for Webmasters

 

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Garmin Nuvi 265WT 4.3" GPS, TTS/BT - Refurbished - $119.99
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Garmin Nuvi 765T GPS (Refurbished) - $169.99
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Magellan RoadMate 1430 GPS - $99.99
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TomTom One XL330S GPS - $109.99
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TomTom One130S GPS (Refurbished) - $59.99
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