Microsoft and Panasonic entered into an intellectual property licensing agreement that licenses Panasonic to provide it with access to Microsoft’s Extended File Allocation Table (exFAT) technology, latest generation of Microsoft’s file system that makes it possible for consumer electronics devices to store larger files, joining Sanyo and Olympus. "This agreement covers Microsoft’s exFAT and FAT technology to enhance multi-media experiences across an array of products," the company representative said in an email. "Microsoft’s exFAT technology can be licensed by companies running proprietary, open source and mixed source software." Microsoft describes the exFAT technology "as a modern file system improving on its predecessor, the FAT system, and greatly expands the size of files that flash memory devices can handle. It says the exFAT file system "not only facilitates large files for use of audiovisual media, it enables seamless data portability and an easy interchange between desktop PCs and consumer electronic devices."