It does not say what the arrangement is.

SAN DIEGO, CA--(Marketwire - 06/28/11) - e.Digital Corporation (OTC.BB:EDIG - News), 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 Panasonic Corporation (Panasonic). Under the terms of the confidential agreement, Panasonic obtained a license and release on the Company's Flash-R™ patent portfolio