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HONEYWELL SETTLES AUTOFOCUS PATENT ISSUES WITH THREE MORE CAMERA MAKERS

HONEYWELL SETTLES AUTOFOCUS PATENT ISSUES WITH THREE MORE CAMERA MAKERS
 Firm to Receive Nearly $52 Million in Payments
 MINNEAPOLIS, Sept. 25 /PRNewswire/ -- Honeywell (NYSE: HON) said today it will be paid $51.5 million and future royalties by Olympus, Asahi and Ansco Optical to settle issues relating to their use of Honeywell's patented automatic-focus technology for lens-shutter and single-lens-reflex cameras.
 "Payments from the settlements, which were negotiated separately, will be reported in the company's third-quarter financial results," said Christopher J. Steffen, Honeywell executive vice president and chief financial and administrative officer.
 Under terms of the settlements, Olympus, Asahi, which makes Pentax cameras, and Ansco will be dropped from lawsuits alleging infringement of Honeywell's autofocus patents.
 Only four companies -- Fuji Photo Film, Ricoh, Chinon and Vivitar -- remain the subject of Honeywell lawsuits filed earlier this year in U.S. District Court in Newark, N.J. All other companies originally named in the suits have reached negotiated settlements with Honeywell.
 "We hope to reach settlements with the remaining four companies in an amicable, businesslike manner, just as we have done with the others," Steffen said.
 Honeywell previously announced autofocus settlements of $251.6 million from eight other camera manufacturers.
 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- 9/25/92
 /CONTACT: Jill Schmidt of Honeywell, 612-870-2544/
 (HON) CO: Honeywell ST: Minnesota IN: SU:


KH -- MN003 -- 3387 09/25/92 07:58 EDT
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Publication:PR Newswire
Date:Sep 25, 1992
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