StockProfiler.US: Stocks on the Radar: CCJ, NNPP, EDIG, BZEC
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Jun 21, 2008 08:59AM
Cameco Corporation (TSX:CCO) (NYSE:CCJ); Nano-Proprietary, Inc. (OTCBB: NNPP); e.Digital Corporation (OTCBB: EDIG); Biofield Corp. (OTC:BZEC)
Cameco Corporation (TSX:CCO) (NYSE:CCJ) closed at $37.07 Thursday, trading 1,542,100 shares.
Company News- June 20, 2008: Cameco Joins GE Hitachi Enrichment Venture
ALL AMOUNTS ARE STATED IN CDN $
Nano-Proprietary, Inc. (OTCBB: NNPP) announced earlier today that it entered into a settlement agreement on June 18, 2008 in connection with its litigation in the U.S. District Court for the Northern District of Illinois. The confidential settlement terms resolve all claims asserted in the lawsuit between Nano-Proprietary and Till Keesmann. In conjunction with the settlement, the parties also amended their existing license agreement to provide and clarify the framework for future sublicensing opportunities.
ABOUT NANO-PROPRIETARY, INC.
Nano-Proprietary, Inc. is a holding company consisting of two wholly owned operating subsidiaries. Applied Nanotech Inc. is a premier research and commercialization organization dedicated to developing applications for nanotechnology with an extremely strong position in the fields of electron emission applications from carbon film/nanotubes, sensors, functionalized nanomaterials, and nanoelectronics. Electronic Billboard Technology, Inc. (EBT) possesses technology related to electronic digitized sign technology. The Companies have over 250 patents or patents pending. Nano-Proprietary's business model is to license its technology to partners that will manufacture and distribute products using the technology. Nano-Proprietary's website is www.nano-proprietary.com.
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e.Digital Corporation (OTCBB: EDIG) closed at $0.106 Thursday, trading 299,068 shares.
Company News- June 20, 2008: e.Digital Provides Overview of Patent Licensing Efforts and Current IP Litigation
e.Digital Corporation (OTCBB: EDIG), a leading technology innovator of dedicated portable entertainment systems and patented flash memory-related technology, provided an overview earlier today of its patent licensing efforts and current intellectual property (IP) litigation.
The Company's Flash-R patent portfolio covers certain aspects of the use of flash memory, addressing today's large and growing portable electronic products market. In 1993, the Company unveiled and marketed the first digital voice recorder with removable flash memory. In 1996, the Company produced and marketed the first digital voice recorder interface for downloading and managing voice recordings on the personal computer. The Flash-R portfolio is protected through the years 2014 - 2016 and includes the following U.S. patents: -- US5491774: Handheld record and playback device with flash memory -- US5742737: Method for recording voice messages on flash memory in a hand held recorder -- US5787445: Operating system including improved file management for use in devices utilizing flash memory as main memory -- US5839108: Flash memory file system in a handheld record and playback device -- US5842170: Method for editing in hand held recorder
"Digital recording on to flash memory has become a standard in portable electronic products," said Robert Putnam, senior vice president of e.Digital Corporation. Putnam initiated and oversees e.Digital's IP monetization efforts. "e.Digital created and patented important intellectual property in the use and utilization of flash memory in portable electronics products that we believe is being widely used in cell phones, cameras, camcorders, PDAs and other popular devices without our consent." "We consider our Flash-R patent portfolio essential to many consumer electronic products and believe the numbers of companies infringing our portfolio are large with annual sales of what we believe are infringing products in the many billions of dollars," continued Putnam.
The Company is pursuing patent enforcement claims vigorously but such efforts are in the early stage and there is no assurance of future license fees or recovery. Patent enforcement involves a number of risks as more fully described in the Company's most recent Form 10-K.
In September 2007 the Company commenced enforcement action with respect to the patent portfolio by filing a complaint in the U.S. District Court for the Eastern District of Texas against Vivitar, a wholly-owned subsidiary of Syntax-Brillian, asserting that certain of their products infringe four of e.Digital's U.S. patents covering the use of flash memory technology. In March 2008, e.Digital filed a similar suit in the same jurisdiction against Avid Technology, Casio America, LG Electronics USA, Nikon, Olympus America, Samsung Electronics America, and Sanyo North America.
"Our strategy is to license the use of the Flash-R portfolio," added Putnam. "Through our legal representatives, we are engaged in licensing discussions and efforts with infringing parties. We are committed to recognizing the value of our patent portfolio and where and as required, we intend to enforce our rights through infringement litigation."