SHAREHOLDER ALERT
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.
About e.Digital Corporation
e.Digital Corporation specializes in technology innovation and applications integration through engineering partnerships with leading original equipment manufacturers (OEMs) designing, licensing, branding, and manufacturing digital audio, video and wireless products and technology platforms. The Company also sells its Odyssey 1000™ digital jukebox through selected e-tail and retail outlets. Applications for e.Digital's technology include delivery and management of open and secure digital media with a focus on music, voice, wireless and video players/recorders, automotive infotainment and telematics systems, portable digital music players and voice recorders; desktop, laptop, and handheld computers; PC peripherals; cellular phone peripherals; e-books; video games; digital cameras; and digital video recorders. Engineering services range from the licensing of e.Digital's patented MicroOS™ file management system to custom software and hardware development, industrial design, and manufacturing services. For more information on the company, please visit 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. 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. Those statements are not guarantees of future performance and involve risks, uncertainties and assumptions that will be difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by those forward-looking statements. Factors that may affect the Company’s businesses, financial condition and operating results include future products and results, technological shifts, potential technical difficulties that could delay new products and services, competition, pricing pressures, the uncertainty of market acceptance of new products and services by OEM's and end-user customers, effects of changes in the economy, consumer spending, the ability of the Company to maintain relationships with strategic partners and suppliers, the ability of the Company to timely and successfully develop, maintain and protect its technology and product and service offerings and execute operationally, the ability of the company to attract corporate financing and the ability of the Company to attract and retain qualified personnel. 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 by e.Digital with the Securities and Exchange Commission (“SEC”). e.Digital disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated by it.
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CONTACT:
e.Digital Corporation: Robert Putnam, (858) 679-1504, robert@edig.com
