e.Digital Corporation (OTCBB: EDIG), aleading technology innovator of dedicated portable entertainment systemsand patented flash memory-related technology, announced today that it hasentered into a settlement and cross-licensing agreement with Casio. Underthe terms of the confidential agreement, Casio obtained a license andrelease on all e.Digital foreign and domestic patent rights, including theCompany's Flash-R(TM) patent portfolio, and e.Digital obtained a licenseand release on any Casio patents that cover e.Digital's current productline.
Palermoe.Digital's Flash-R patent portfolio covers certain aspects of the use offlash memory, addressing today's large and growing portable electronicsproducts market. The Company unveiled the first portable recorder withremovable flash memory in 1993 and believes its patent portfolio to beessential to many consumer electronics products that utilize flash memoryincluding cell phones, digital cameras, camcorders, PDAs and other populardevices. In September 2007 and March 2008, the Company filed its firstFlash-R portfolio patent infringement litigation against eight defendants.
"We are pleased to have entered into the second licensing agreement of ourfundamental flash memory-related intellectual property (IP)," remarkedRobert Putnam, senior vice president of e.Digital Corporation. "Ourstrategy is to utilize our growing IP-related revenues and intellectualproperty assets to fund and expand our eVU(TM) dedicated portableentertainment system business into the medical industry and other segmentsof the travel and leisure industry."
About e.Digital Corporation: e.Digital is a leading innovator of dedicatedportable entertainment systems through its proprietary eVU(TM) productline. e.Digital also owns and is pursuing the monetization of itsFlash-R(TM) portfolio of flash memory-related patents. e.Digital was thefirst company to employ and patent important aspects of the use ofremovable flash memory in portable recording devices. For more informationabout e.Digital and eVU, please visit: .
jewelry-pSafe Harbor statement under the Private Securities Litigation Reform of1995: All statements made in this document, other than statements ofhistorical fact, are forward-looking statements within the meaning ofSection 21E of the Securities Exchange Act. You should not place unduereliance on these statements. We base these statements on particularassumptions that we have made in light of our industry experience, thestage of product and market development, expected future developments andother factors that we believe are appropriate under the circumstances.These forward-looking statements are based on the then-currentexpectations, beliefs, assumptions, estimates and forecasts about thebusinesses of the Company ed hardy wholesale and the industries and markets in which theCompany operates. Actual outcomes and results may differ materially fromwhat is expressed or implied by the forward-looking statements. Moreinformation about potential factors that could affect the Company can befound in its most recent Form 10-K, Form 10-Q and other reports andstatements filed with the Securities and Exchange Commission ("SEC").e.Digital Corporation disclaims any intent or obligation to update these orany forward-looking statements, except as otherwise specifically stated byit.
CONTACT: e.Digital Corporation Robert Putnam (858) 304-3016 ext. 205 Email Contact
Other articles:
http://samky.com/blog/ENVIRONMENT-BRIEFS.html
http://bobsvideobarn.com/blog/view/id_92/title_Nike-Releases-Total90-Laser-II/