e.Digital Corporation (fka EDIG)

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Bang & Olufsen Licenses E.Digital Platform
European consumer electronics manufacturer Bang & Olufsen has licensed E.Digital's digital music platform for products in development. E.Digital develops a reference design for portable digital audio players supporting multiple audio formats and rights management systems. Known for home stereos and TVs, Bang & Olufsen has not released details about the types of products that will include E.Digital's platform. E.Digital Senior Vice President Robert Putnam said Bang & Olufsen will likely release its new products in the late fall. Terms of the agreement call for the CE maker to pay E.Digital unspecified licensing and engineering fees. Other E.Digital licensees include Korea-based companies Maycom and Remote Solution