GoPro Shares Get a Boost From Microsoft Deal by Jonathan Vanian @FortuneMagazine February 5, 2016, 7:32 PM EST E-mail Tweet Facebook Linkedin Share icons It may have been a bad day for the stock market, but one struggling tech company managed to get a little lift after announcing a partnership with Microsoft. On Friday, Microsoft msft said it signed a patent licensing agreement with action-camera maker GoPro gpro . The two companies revealed little about the specifics about the terms, only that it covers “certain file storage and other system technologies,” according to the announcement. Get Data Sheet, Fortune’s technology newsletter. “This agreement with GoPro shows the incredible breadth of technology sharing enabled through patent transactions,” Microsoft Technology Licensing president Nick Psyhogeos said in a statement. “Microsoft’s licensing of personal wearable technologies is seeing strong demand as we partner with companies from all industries to optimize solutions for their customers around the globe.” GoPro has a rough couple of months after the company reported weak earnings in January and slashed around 7% of its staff. For more on GoPro watch our video: It continued Friday morning, along with many tech companies, when GoPro’s stock traded as low as $9.60, a far cry from the $93.70 its stock once reached during the fall of 2014. However, after the patent licensing deal was announced, GoPro’s shares rose 5.5% to $10.51 in after hours trading.