Kodak announced recently that it has reached an agreement with Nokia regarding a patent license. This will allow the companies to access each other’s intellectual property, generating royalties for Kodak and many benefits for both brands.

This spells “cameraphone” for me and everyone else who saw Kodak’s magic wonders done with the aid of Motorola. One might say that Kodak helped pull Moto out of the pit where it was having its last breath, but let’s not be so pessimistic.

Nokia may have entered the touchscreen handset segment with a bang, but they are yet to release an uber-cameraphone, while the like of Sony Ericsson are readying a 12 megapixel sensor for their future phones.

[via Kodak.com]