e.Digital Corporation and TGE Group Announce Licensing
Felt like posting something other than F10. I believe we were told there will be 1 million products with edig inside this year based on this agreement.
2 February 2004
Market News Publishing
2004 Market News Publishing Inc. All Rights Reserved
E DIGITAL CORP - e.Digital Corporation and TGE Group Announce Licensing Agreement e.Digital to Develop Several Digital Audio Products for TGE Group and Their Global Customer Base.
e.Digital Corporation announced that it has entered into a royalty bearing license agreement with Tai Guen Enterprise Co. LTD (TGE Group). Under the licensing agreement, e.Digital will develop several audio products based on its proprietary MicroOS(TM)-enabled Personal Audio technology platform for international original equipment and design manufacturing, branding, and distribution by TGE Group and its global customer base.
TGE Group, an Asian-based multi-billion dollar OEM/ODM, is a leading global supplier of fully featured, cost-effective consumer electronic products and technology. The audio products being developed by e.Digital for TGE Group and their customers will include a variety of high capacity, cost-effective disk drive storage solutions including the Cornice Storage Element.
"e.Digital is achieving growing industry recognition through our highly flexible MicroOS-based technology platforms," said Fred Falk, e.Digital's president and CEO. "We are very happy to be partnering with one of the world's largest original equipment and design manufacturers of portable digital audio products. We look forward to a mutually beneficial and profitable relationship."
"TGE Group is committed to providing our global customers quality, cutting-edge audio products at competitive prices," commented Meson Lee, IA Division General Manager of TGE Group. "e.Digital's dynamic personal digital audio platform enables us to offer new lines of audio products featuring the latest in high capacity storage solutions."
About e.Digital Corporation
e.Digital Corporation partners with leading original equipment manufacturers (OEMs) licensing, designing and providing manufacturing services for OEM-branded digital video, digital audio and wireless products based on the Company's proprietary MicroOS(TM)-enabled technology platforms. e.Digital specializes in the delivery and management of open and secure digital content through it's Personal Video, Personal Audio, Automotive, and Wireless technology platforms. e.Digital's services include the licensing of the Company's MicroOS(TM), custom software and hardware development, industrial design, and manufacturing services through the Company's manufacturing partners. For more information about e.Digital and its technology platforms, please visit the company website at www.edigital.com.
About TGE Group
Tai Guen Enterprise Co. Ltd., (TGE Group) is a Taiwanese capital, China based company specializing in high-tech OEM/ODM business, developing and manufacturing an extensive range of consumer electronics, computer peripheral and information application products. TGE Group also has grown with the development of the Internet and with the need for timely and effective network security and communications technology. TGE Group has a strong market share in China as well as an extensive international network of distributors. TGE Group exports to over 10 countries with 40% of its business in international markets and 60% in China. TGE Group recorded revenue of 2 billion dollars in fiscal year 2002. For more information about TGE Group, please visit the company website at www.tgegroup.com.
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