Commenting on the Fusion agreement, Will Blakeley, e.Digital’s president and chief technology officer said, “This agreement with Fusion Capital comes at an opportune time by providing us with the flexible financial backing to help us grow our business, fulfill volume eVU orders, and increase eVU backlog in the healthcare, travel and entertainment industries. We also expect to focus resources on licensing our flash memory patent portfolio to the 174 companies we have identified to date in the cell phone, PDA/Pocket PC, portable A/V recorder, digital camera, camcorder and other portable device industries, that appear to employ our portfolio.”