e.Digital Corporation EDIG), 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.
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.
KEYWORD: NORTH AMERICA CALIFORNIA UNITED STATES
INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS DATA MANAGEMENT HARDWARE INTERNET NETWORKS SOFTWARE PRODUCT/SERVICE
SOURCE: e.Digital Corporation
CONTACT INFORMATION:
e.Digital Corporation
Robert Putnam, 858-679-1504
rputnam@edigital.com
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