PHOENIX-LG Electronics Inc. licensed GPS patents from Honeywell International, the companies announced.
LG said it expects to use the two GPS-related patents for certain automotive original equipment manufacturer and aftermarket applications.
“This agreement with LGE is a first step toward expanding our navigation business through strategic licensing arrangements,” stated Loria Yeadon, chief executive officer of Honeywell Intellectual Properties Inc. Honeywell is a diversified technology and manufacturing company based in Morris Township, N.J.
