San Diego-based e.Digital Corp. (OTC: EDIG), a developer of portable entertainment systems and flash memory-related technology, has entered into a royalty bearing license and settlement agreement with TIC Computer Inc. doing business as Wolverine Data.

Wolverine has agreed to pay an undisclosed lump sum 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.

Further details were not disclosed.

e.Digital described the patent as "fundamental" to its Flash-R patent portfolio that covers certain aspects of the use of flash memory in the portable electronic products market.

To date, eight companies have entered into Flash-R-related license and settlement agreements.

"We expect further legal and licensing activity this fiscal year," said Fred Falk, president and CEO of e.Digital, in a statement.

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