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Nikon and Microsoft sign cross-licensing pact - Microsoft and Nikon's agreement means new products and features in digital imaging will soon be with us.
Nikon and Microsoft have announced that they have signed a cross-licensing pact that allows mutual use of their patents.
The cross-licensing pact is designed to help the two firms promote the development of digital cameras and many other consumer products. The agreement was made at Microsoft's headquarters in Redmond but Microsoft are not disclosing what was said.
Nikon and Microsoft have already worked together on projects such as wireless cameras and RAW image processing.
Josh Weisburg, director of the Rich Media Group at Microsoft said: "This agreement will extend and enhance our already successful, long-standing collaboration with Nikon, and will allow us to provide even better products to our customers."
Microsoft have previously signed similar deals with other camera companies such as Samsung and Olympus in hope to generate revenue from its intellectual property.
"This agreement is another great example of how industry leaders are coming together to collaborate through intellectual property licensing, and by doing so are enabling innovation that will ultimately benefit the consumer," said Horacio Gutierrez, vice president of intellectual property and licensing at Microsoft.
Microsoft believe the agreement will benefit customers of consumer products by enabling the companies to bring new features and products to the market.