E.DIGITAL CORPORATION LICENSES ODYSSEY 1000™
PERSONAL DIGITAL JUKEBOX PLATFORM TO ASIAN OEM
Large Asian OEM to Manufacture Branded
1.8” HDD-Based Version of Odyssey 1000
(San Diego, CA – September 16, 2003) – e.Digital Corporation (OTC: EDIG) today announced that a multi-billion dollar Asian OEM (original equipment manufacturer) has signed a royalty-bearing license agreement to manufacture e.Digital’s Odyssey 1000 Personal Digital Jukebox platform for OEM branding. Products manufactured under this agreement are scheduled to reach consumers later this year. Because the Asian OEM manufactures products for many global brands under confidentiality agreements, the name of the licensee is subject to non-disclosure.
Through the agreement, the Asian OEM will provide manufacturing services of a 1.8” version of the Odyssey 1000 platform for specific OEM branding while e.Digital will supply the technology, software, firmware and upgrades to the Odyssey 1000 platform.
“This Asian company exemplifies quality, innovation and integrity,” said Fred Falk, president and chief executive officer of e.Digital. “We are very pleased to have them onboard as another OEM licensee of our Odyssey 1000 product platform. We expect to announce further details as this 1.8” version of our Odyssey 1000 platform is branded and introduced to consumers later this year.”
The Odyssey 1000 platform is the basis for a sophisticated, hard drive-based portable jukebox featuring VoiceNav® voice navigation, built in voice recorder, FM tuner, mass storage device status and a USB 2.0 connection.
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