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HONEYWELL, SEVEN CAMERA MAKERS SETTLE AUTOFOCUS PATENT DISPUTES

 HONEYWELL, SEVEN CAMERA MAKERS SETTLE AUTOFOCUS PATENT DISPUTES
 Company to Receive $124.1 Million
 MINNEAPOLIS, Aug. 21 /PRNewswire/ -- Honeywell Inc. (NYSE: HON) today said it has reached amicable settlements with Kodak, Konica, Kyocera, Canon, Matsushita, Nikon and Premier regarding its patented automatic-focus technology for lens-shutter and single-lens-reflex cameras.
 Under the agreements, negotiated separately, Honeywell will be paid a total of $124.1 million. Of that amount, gross proceeds of $13.9 million were reported in the second quarter, with the balance to be reported in the third quarter, said Christopher J. Steffen, Honeywell executive vice president and chief financial and administrative officer.
 Honeywell also will receive future royalties for camera sales through March 28, 1995, when the applicable Honeywell autofocus patents expire. The company said it will not break down the settlement amounts by camera company.
 "We are very pleased to have these settlements behind us," Steffen said. "In all cases, negotiations were amicable, professional and business-like, and we look forward to resolving matters with other companies in a similar fashion."
 In addition to the settlement amount announced today, Honeywell in March received $127.5 million from Minolta Camera Co. for use of patented Honeywell autofocus technology.
 Honeywell is a global controls company that provides products, systems and services for homes and buildings, industry, and aviation and space. The company employs 58,000 people worldwide and had 1991 sales of $6.2 billion.
 -0- 8/21/92
 /CONTACT: Kevin Whalen of Honeywell, 612-870-2524/
 (HON) CO: Honeywell Inc. ST: Minnesota IN: SU:


KH -- MN002 -- 1994 08/21/92 07:55 EDT
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Publication:PR Newswire
Date:Aug 21, 1992
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