OREANDA-NEWS. Sharp Corporation had been the target of lawsuits (the "Lawsuits") brought by SANYO Electric Co., Ltd. ("Sanyo") as of January 27, 2011 for damages and a demand for an injunction of infringement acts based on the infringement of the patentsowned by Sanyo concerning liquid crystal display. Sharp hereby announces that today Sharp agreed to settle the Lawsuits by entering into a patent license agreement with Sanyo as set out below.

A total of three Lawsuits were filed with the Tokyo District Court by Sanyo to Sharp alleging that liquid crystal display modules produced and sold by Sharp infringed patentsowned by Sanyo. Both companies today reached a settlement by agreeing that they execute a patent license agreement, and Sanyo will withdraw the Lawsuits.

After carefully taking into consideration the time, cost and other resources required to continue the Lawsuits hereafter, Sharp has decided that the best possible course of action is to settle the Lawsuits by executing the patent license agreement with Sanyo.

Details of the Patent License Agreement
-Sharp will pay Sanyo 3,800,000,000 yen by December 20, 2013 as consideration for the license of the patents (including the patents alleged in the Lawsuits) owned by Sanyo concerning liquid crystal displaypanelsand modules.
-Sanyo will withdraw the Lawsuits.