SAN DIEGO, CA, Jun 20, 2011 (MARKETWIRE via COMTEX) -- e.Digital Corporation /quotes/zigman/247803 EDIG +2.27% , a leading innovator of dedicated portable entertainment systems and patented flash memory-related technology, announced today that it has entered into a license and settlement agreement with Hoya Corporation and Hoya Corporation USA (Hoya) which includes Hoya subsidiary, Pentax of America, Inc. (Pentax). Under the terms of the confidential agreement, Hoya and Pentax jointly obtained a license and release on the Company's Flash-R(TM) patent portfolio and paid e.Digital a one-time licensing fee.