MOUNTAIN VIEW, Calif. and GOLDEN VALLEY, Minn., May 5, 2016 /PRNewswire/ -- Google Inc. and Honeywell (NYSE: HON) today announced that they have reached a long-term patent cross-license agreement reflecting the respective strength of the companies' patent portfolios. Google and Honeywell believe that this patent accord promotes product innovation and consumer choice in the market for smart home products. The agreement fully resolves pending patent litigation between Honeywell and Nest Labs. Terms of the agreement are otherwise confidential.
About Google Inc.
Larry Page and Sergey Brin founded Google in September 1998. Since then, the company has grown to more than 50,000 employees worldwide, with a wide range of popular products and platforms like Search, Maps, Ads, Gmail, Android, Chrome, and YouTube. In October 2015, Alphabet became the parent holding company of Google. You can read more about Alphabet's mission here.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
SOURCE Honeywell; Google Inc.