Memjet, Canon in patent cross-license deal

Digital inkjet technology firm Memjet and Canon have entered into a long-term, global agreement to cross-license their patents around key segments and applications.

Terms of the agreement remain confidential.

“We are excited and pleased with our agreement with Canon, which validates the value of our technology,” said Len Lauer, CEO of Memjet.

“This agreement showcases the breadth and strength of our intellectual property portfolio of patents.

“We will continue to focus on our leadership position in the single pass digital inkjet market through our technology innovation that provides unmatched speed, simplicity and affordability.”