Brady to license Honeywell's global shutter barcode technology
Brady (NYSE:BRC) entered into a multi-year dealÂ with Honeywell International (HON) to license Honeywell patented technology related to the use of its global shutter technology in barcode scanning devices.
BRC agreed to pay an annual royalty to Honeywell to license its patents that cover global shutter technology in barcode scanners.
"Because of Honeywell's patented global shutter technology, BRC's industrial customers will be able to scan barcodes more efficiently and operate Brady's products in a wider range of environments and situations," said Russell Shaller, president â Identification Solutions, BRC.