``We believe the timing and climate are right for us to pursue monetizing our flash memory-related patent portfolio which we believe contains fundamental and valuable claims regarding the use of embedded and removable flash memory in portable devices.”

e.Digital holds five flash memory-related patents (#5,491,774, #5,742,737, #5,787,445, #5,839,108, #5,842,170--The assignee name on four of the patents is Norris Communications, now known as e.Digital Corporation--The assignee name on the fifth patent is Comp General Corporation, a then-wholly owned subsidiary of Norris Communications).