SAN DIEGO, CA -- 09/25/08 --
e.Digital Corporation (OTCBB: EDIG), a
leading technology innovator of dedicated portable entertainment systems
and patented flash memory-related technology announced today that a major
electronics manufacturer has purchased the first license for its
Flash-R(TM) patent portfolio. Under the terms of the confidential licensing
and settlement agreement, e.Digital is receiving a one-time licensing fee
and cross-license rights to certain patents covering multimedia-related
products.
e.Digital's Flash-R patent portfolio covers certain aspects of the use of
flash memory, addressing today's large and growing portable electronics
products market. The Company unveiled the first portable recorder with
removable flash memory in 1993 and believes its patent portfolio to be
essential to many consumer electronics products that utilize flash memory
including cell phones, digital cameras, camcorders, PDA's and other popular
devices. In September 2007 and March 2008, the Company filed its first
Flash-R portfolio patent infringement litigation against eight defendants.
"We are very pleased to have entered into what we believe will be the first
of many Flash-R patent portfolio licensing agreements," said Robert Putnam,
senior vice president of e.Digital Corporation.
About e.Digital Corporation: e.Digital is a leading innovator of dedicated
portable entertainment systems. e.Digital also owns and is pursuing the
monetization of its Flash-R(TM) portfolio of flash memory-related patents.
e.Digital was the first company to employ and patent important aspects of
the use of removable flash memory in portable recording devices. 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
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