Blakeley's first mention of the embedded system
posted on
Mar 09, 2008 09:08PM
was in the Dec 20th press release as follows:
Blakeley continued, “While we intend to grow our portable IFE business in 2008, we have been encouraged by major airline and aircraft companies to apply our core technology to a simple, lightweight, flexible embedded solution providing individualized on-demand entertainment. An embedded eVU system would offer substantial product and weight/fuel cost savings and open the door to fleet-size eVU orders. We have initiated the design and adaptation of our eVU technology into an embedded system and look forward to reporting more on this important business development.”
Then he stepped up last week with this update:
“In just a few months, we have made significant progress on porting our core technology to a lightweight, flexible embedded solution for individualized on-demand IFE entertainment,” continued Blakeley. “We believe that joint efforts with major airline and airframe companies will yield an embedded eVU system that will offer improved reliability, substantial product and weight/fuel cost savings, and other benefits that would facilitate fleet-wide orders.”
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It appears good things are happening and at a quicker pace than usual, as e.Digital continues to gain credibility as an IFE provider as witnessed by record revenues and new product development, not to mention DM blasting out of the gates last week.
This story will generate interest and under .50 is a steal considering the enormous potential in an already identified $25 Billion annual market.
If they start generating embedded revenues in fiscal '09 on top of everything else they will run black and still have the IP potential still forward looking...
The shareholders meeting will be extremely relevant. This is good, very good.