e.Digital Corporation Announces eVU(TM) Business Developments
Thursday March 30, 8:30 am ET
Company Reports on Efforts to Monetize Flash Memory-Related Patent Portfolio
SAN DIEGO--(BUSINESS WIRE)--March 30, 2006--e.Digital Corporation (OTC:EDIG - News), a leading innovator of secure digital video technology and products and patented technology in the utilization of flash memory in portable devices, today announced it has begun receiving orders for its new proprietary eVU portable entertainment product from companies in the healthcare and travel and leisure industries. The company also unveiled a new, comprehensive eVU website (www.edigital.com/evu.htm) where prospective customers and other interested parties can take a virtual eVU tour, read its specifications and request additional information.
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Based on e.Digital's proprietary digital video technology, eVU features razor-sharp images on its 7" high resolution LCD screen, superb audio fidelity, dual stereo headphone jacks, embedded credit card reader/processor, touch screen capabilities, bright full featured graphical user interface, e.Digital's patent-pending hardware security technology, 10 hours of high resolution video playback on a single battery charge, and other advanced features.
"With pilot builds and trials behind us, we are now accepting volume eVU orders. eVU product maturity and the launch of our eVU website positions us to make further progress in building our eVU closed system Video On Demand (VOD) business," said Will Blakeley, e.Digital's president and chief technical officer. "We are also responding to direct requests from individual airlines and IFE providers on eVU business opportunities. We have also made inroads with military organizations on secure video applications utilizing e.Digital's proprietary technology. We expect to fulfill current and expected eVU orders next quarter and throughout calendar 2006."
Addressing e.Digital's recently announced efforts to monetize its flash memory-related patent portfolio, Blakeley commented, "According to research from CLSA Asia-Pacific Markets, global demand for flash memory is expected to reach $25 billion this year, due mainly to the rapid proliferation of handheld devices. We believe the timing and climate are right for us to pursue monetizing our flash memory-related patent portfolio which we believe contains fundamental and valuable claims regarding the use of embedded and removable flash memory in portable devices."
e.Digital holds five flash memory-related patents (#5,491,774, #5,742,737, #5,787,445, #5,839,108, #5,842,170--The assignee name on four of the patents is Norris Communications, now known as e.Digital Corporation--The assignee name on the fifth patent is Comp General Corporation, a then-wholly owned subsidiary of Norris Communications).
"We have initiated the process of having the patents and claims independently evaluated," concluded Blakeley. "When the evaluation process is completed, and with the assistance of an intellectual property management company, our strategy is to aggressively pursue licensing agreements with companies we believe have products utilizing e.Digital's intellectual property."
About e.Digital Corporation:. e.Digital Corporation specializes in the delivery, management, and protection of secure digital content through its proprietary technology platforms. Through customer and partnering relationships, e.Digital is a provider of secure portable Video On Demand products. e.Digital's services include the licensing of the Company's MicroOS(TM), Content Mark-Up Language (CML) application, patent-pending hardware security technology, Digital Rights Management (DRM) solutions, and video display software applications. In addition, e.Digital partners with leading, innovative companies, designing and providing manufacturing services for products employing the Company's proprietary digital technology platforms. For more information about e.Digital and its technology platforms, please visit the company website at 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. These statements are not guarantees of future performance and involve risks, uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements, including but not limited to the Company's ability to finance its operations, sell its products, implement a turnkey financial, product, and maintenance solution, manufacture and ship orders in a timely manner, secure additional business, monetize its flash memory-related patent portfolio, and other risks identified and discussed in our filings with the Securities and Exchange Commission ("SEC"). 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.
Note: eVU is a trademark of e.Digital Corporation. All other company, product, and service names are the property of their respective owners.
Contact:
e.Digital Corporation
Robert Putnam, 858-679-1504
rputnam@edigital.com
Source: e.Digital Corporation
