PNY Technologies and SanDisk announced today that they had reached a patent cross-license agreement to end hostilities and settle the ongoing litigation that has been under way for some time. The initial case that SanDisk brought covered Compact Flash cards and USB flash drives that used technology derived from patents held by SanDisk.

Although terms were not announced, the release does say that PNY will be able to distribute products SanDisk licensed and they will pay royalties to SanDisk on products sold. No specific details of the patent cross-license agreement were released, but it was noted that that the terms are confidential.

Could this be an indication that SanDisk is intending to go after others?

Read the entire SanDisk release here.