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SAN DIEGO, CA, Dec 10, 2009 (MARKETWIRE via COMTEX) -- e.Digital Corporation
(OTCBB: EDIG), a leading innovator of dedicated portable entertainment systems
and patented flash memory-related technology, announced today that it has
entered into a royalty bearing license and settlement agreement with TIC
Computer, Inc. doing business as Wolverine Data (Wolverine). Under the terms of
the confidential agreement, Wolverine has agreed to make an undisclosed lump sum
payment for past infringing sales and to pay a royalty for any on-going sales of
products that practice e.Digital's U.S. Patent 5,491,774 ('774).
e.Digital's '774 patent is fundamental to the Company's Flash-R(TM) patent
portfolio that covers certain aspects of the use of flash memory in the large
and growing portable electronic products market. The Company introduced the
first portable recorder with removable flash memory in 1993 and believes its
patent portfolio to be essential to many consumer electronic products that
utilize flash memory including cell phones, digital cameras, camcorders, PDAs
and other popular devices. To date, eight companies have entered into
Flash-R-related license and settlement agreements.
"We are pleased to announce our first royalty bearing '774 license agreement and
the first settlement from our recently filed round of infringement actions,"
commented Fred Falk, president and CEO of e.Digital. "We expect further legal
and licensing activity this fiscal year."
About e.Digital Corporation: e.Digital is a leading innovator of dedicated
portable in flight entertainment systems. More than 30 airlines have made
dedicated portable systems powered by e.Digital technology their in flight
entertainment choice. e.Digital also owns and is monetizing its Flash-R(TM)
portfolio of flash memory-related patents. e.Digital was the first company to
develop, patent, and productize fundamental techniques that opened the door to
the widespread use of flash memory in many of today's popular electronic
products. For more information about e.Digital, please visit: www.edigital.com.
Safe Harbor statement under the Private Securities Litigation Reform of 1995:
All statements made in this document, other than statements of historical fact,
are forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act. You should not place undue reliance on these
statements. We base these statements on particular assumptions that we have made
in light of our industry experience, the stage of product and market
development, expected future developments and other factors that we believe are
appropriate under the circumstances. These forward-looking statements are based
on the then-current expectations, beliefs, assumptions, estimates and forecasts
about the businesses of the Company and the industries and markets in which the
Company operates. Actual outcomes and results may differ materially from what is
expressed or implied by the forward-looking statements. More information about
potential factors that could affect the Company can be found in its most recent
Form 10-K, Form 10-Q and other reports and statements filed with the Securities
and Exchange Commission ("SEC"). e.Digital Corporation disclaims any intent or
obligation to update these or any forward-looking statements, except as
otherwise specifically stated by it.
CONTACT:
e.Digital Corporation:
Robert Putnam
(858) 304-3016 ext. 205
Email Contact
SOURCE: e.Digital Corporation
CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=C3CF4DB22F51DAF4
Copyright 2009 Marketwire, Inc., All rights reserved.
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SUBJECT CODE: Computers and Software:Hardware
Professional Services: General
Computers and Software:Software
Computers and Software:Peripherals
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