2nd PR
PRESS RELEASE
E.DIGITAL AND MUSICAL SHOWCASE ULTRA-COMPACT, HIGH CAPACITY PORTABLE MUSIC PLAYER AT CES
Musical and e.Digital Expand Licensing Agreement
to Incorporate Cornice Storage Element
(CES - Las Vegas, NV – January 8, 2004) – e.Digital Corporation (OTC: EDIG) today announced an expanded licensing agreement with Musical Electronics Limited. The expanded licensing agreement incorporates Cornice Storage Elements with e.Digital’s digital audio platform for original equipment manufacturing and marketing through Musical. First-generation players are scheduled to be shown during this week’s Consumer Electronics Show.
e.Digital has designed the hardware and firmware for the new devices which are based on the Company’s proprietary MicroOS™ technology. The new, highly compact units will utilize the 1.5 gigabyte Cornice Storage Element (SE) and will be manufactured and marketed for branded distribution by Musical and their customers.
The two companies have previously worked together to develop and distribute a 10-gigabyte hard disk drive based MP3 player/recorder with direct encoding into MP3 format for Circuit City.
“Musical is a widely respected original equipment manufacturer of consumer electronics,” noted Fred Falk, e.Digital’s president and chief executive officer. “We believe the significantly smaller form factor, increased capability, desirable feature set and outstanding quality will make this product successful for Musical and their branding customers.”
“e.Digital’s compact and dynamic MicroOS core is a unique benefit when addressing the demands of our client base,” commented Christopher Tse, managing director, Musical. “We are excited to offer leading edge products with e.Digital technology that incorporate Cornice Storage Elements.”
About Musical Electronics Limited: Musical Electronics is a Hong Kong based ISO2000 certified company principally engaged in the design, manufacture and marketing of consumer electronics products. As an organization, Musical is committed to the highest standards of customer service and through effective planning, implementation and control, anticipates the present and future needs of its customers. The Company’s major OEM and ODM customers have included –Alba, Alfa, Audio Vox, Best Buy, Bush, Carrefour, Circuit City, Classic, Curtis Mathes, e.Digital, Elta, ESC, Goodmans, GPX, Innovation, Jensen, Jwin, K-mart, Koss, Memorex, Roadstar, Sanyo, Sonigem and others.
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. 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 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. 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. 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.
