REDMOND, Wash., May 20 /PRNewswire-FirstCall/ -- Microsoft Corp. (NASDAQ: MSFT) and HP (NYSE: HPQ) have renewed a patent cross-license agreement to further the development of each company's research and development (R&D) efforts and expand technological innovation to enhance the overall customer experience.
The agreement covers a broad range of products and provides each company greater access to the other's patent portfolio. The terms of the agreement are not being disclosed.
Patent cross-licensing clears the way for companies to create stronger partnerships and innovate in a more open environment that is good for business and that ultimately benefits customers and end users. This agreement is a demonstration of both companies' commitments to making their intellectual property more readily available to their business partners and the technology industry at large. Additionally, it serves as a testament to the innovation taking place at the companies and the strength and breadth of their patent portfolios, which are among the largest and highest-quality in the world.
HP, the world's largest technology company, simplifies the technology experience for consumers and businesses with a portfolio that spans printing, personal computing, software, services and IT infrastructure. More information about HP (NYSE: HPQ) is available at http://www.hp.com.
Founded in 1975, Microsoft (NASDAQ: MSFT) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.