e.Digital Corporation (fka EDIG)

[Neverending]

e.Digital Announces License and Settlement Agreement With Canon

(MY BOLDING-and again I ask why on earth AFTER EDIG "lost" the Markman hearing would Canon pay EDIG even one dollar if they have no case. They split lawyer fees with a dozen other companies and I am sure Canon has some in house council)

SAN DIEGO, CA--(Marketwire -08/17/11)- e.Digital Corporation (OTC.BB: EDIG.OB - 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 Canon Inc. and Canon U.S.A., Inc. (Canon). Under the terms of the confidential agreement, Canon obtained a license and release on the Company's Flash-R™ patent portfolio and paid e.Digital a one-time licensing fee.

e.Digital's Flash-R patent portfolio is comprised of fundamental technology related to 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 electronics products that utilize flash memory including cell phones, digital cameras, camcorders, PDAs and other popular devices.

"We are pleased to have entered into our 15th Flash-R portfolio related licensing and settlement agreement," said Fred Falk, president and CEO of e.Digital. Canon joins the growing list of Flash-R patent portfolio licensees, including Samsung, Olympus and other world recognized manufacturing companies.

http://finance.yahoo.com/news/e-Digital-Announces-License-iw-2451948985.html?x=0