Canon Obtains License Under Patent Portfolio of Image Processing Technologies LLC
Suffern, N.Y. — May 22, 2013 — Image Processing Technologies LLC (Image Processing) announced today that it has settled its patent infringement litigation with Canon Inc. and Canon U.S.A., Inc. Image Processing is a subsidiary of General Patent Corporation (GPC), the leading intellectual property boutique focusing on patent licensing and enforcement.
Image Processing sued Canon Inc. and Canon U.S.A., Inc. in the District Court for the Eastern District of New York in 2010 (CV 10–3867). The trial was scheduled to begin on April 15. The parties have resolved protracted litigation concerning Image Processing’s U.S. Patent No. 6,959,293 and reached an amicable settlement. Canon has taken a license under Image Processing’s patents, but other terms and conditions of the settlement are confidential.
“We are delighted to reach a settlement and to license Canon under the Image Processing patents,” says Alexander Poltorak, Chairman and CEO of General Patent Corporation.
Image Processing Technologies LLC
Image Processing Technologies LLC (IPT) is a patent licensing company that is a subsidiary and is managed by General Patent Corporation. IPT owns and licenses a portfolio of 11 patents related to image processing algorithms commonly used in scene detection and other features of point and shoot cameras and other applications. Non-exclusive licenses are available from IPT on fair, reasonable and non-discriminatory terms. For more information visit www.imageprocessingtech.com.