The following is in response to JefB regarding relevance of the 1-7-02 PR ... I`m a bit more specific and to the point here in connection with the ECLIPSE info I previously submitted ... hope it might be of some help ...
it just so happens that the 1-7-02 press release is, indeed, relevant ...
... "This collaboration highlights our ability to meet growing market demand for advanced, powerful automotive infotainment systems through partnering our Eclipse aftermarket and Fujitsu Ten OEMdevelopment teams with e.Digital, a state-of-the-art technology integrator and application developer."
... maybe you were aware that Fujitsu Ten is an OEM for Toyota, but others may not be ... and I`m suggesting that Fujitsu Ten was there in the beginning and will be there in the end !! Furthermore, ...
... "This collaboration provides an immediate opportunity to deliver fully integrated digital data management solutions, as an option or upgrade to our already substantial installed customer base."
... and compare that 1-7-02 statement with this taken from our most recent 10-K ...
... Users will be able to store and organize thousands of tracks on the unit, which is removable and plugs into a standard Eclipse head unit mounted in a vehicle.
... I`m suggesting that there is a big difference between a "particular" head unit [THEN] and a "standard" head unit [NOW]; consequently, that`s why I said, "It would appear to me that their, "already substantial installed customer base", has now become even more substantial !! JMHO, of course ... probably should have mentioned that I sent RP an e-mail recently asking him if the HD1213 "could be easily modified to function with other than just the ECLIPSE radio and CD changer, and if so, is there any interest by OEM`s to license this platform for use with other car audio systems ?" ... and in a subsequent phone conversation he indicated that these "expanded design perameters" will make our unit available, not for other car audio systems, but a wider range of ECLIPSE devices ... and you can believe that, or not !?!
Also, perhaps I was remiss in not including RP`s comment from the prior webcast ...
"We believe all three of these projects as well as the Odyssey 1000 being the fourth line of revenue, as well as some new OEM developments that we`re working on, all of them continue to not only be great revenue generators for the Company, but have significant follow-on orders depending on how they`re accepted in the marketplace, and all of them look like, from our vantage point, to have tremendous upside potential."
Certainly don`t want to be accused of hyping, and as far as your "revenue string" goes, I believe the Company has made it quite clear that the ECLIPSE HD1213 expects to be delivered this quarter ... and FWTW, the following are excerpts from a couple fairly recent posts here on RB ...
According to the Fujitsu Ten sales rep that jimee11 talked with, "the HD product 'is gonna be cool'" and "demand has been 'strong' for the product."</I>
... and according to bmpskr2: "ECLIPSE HD1213 avail. in sept. per my dealer ... My dealer had already been to 'training'."
I don`t know about you, but that certainly sounds encouraging to me !!
BTW, we`re still a couple years away from the ECLIPSE being factory-installed, but in the meantime there does exist a "substantial" ECLIPSE aftermarket customer base ... their word, not mine !!
NEWe.LONG: You are quoting from the first PR, which was issued before e.Digital signed a development agreement with Eclipse. Both the PR on 3/6/02 that announced the agreement and the SEC filings make it clear that the agreement is with Eclipse by Fujitsu Ten, which is strictly aftermarket, not with Fujistu Ten, the division that supplies OEM equipment to car manufacturers.
Therefore, I still maintain my belief that e.Digital has no relationship at all with Toyota nor that there are any serious discussions with either Eclipse or F-T about putting the Eclipse HD1213 into new Toyotas as OEM equipment. I believe that FF is being very misleading by stating that it is likely to occur in the future and that he is abusing the Safe Harbor rules in doing so.
Also, it is interesting that as of 6/30/03, e.Digital had still not met the criteria to recognize the $15,000 NRE fee that Eclipse paid over a year ago. Nor is there any mention of an order in the most recent 10Q.
In March 2002, we announced that we had entered into a Development and Manufacturing Agreement with Eclipse by Fujitsu Ten ("Eclipse"), a car stereo company. Under the agreement, e.Digital receives non-recurring engineering ("NRE") fees for design and development services, as well as revenues for the manufacture and delivery of Eclipse-branded audio products. Specifically, the agreement states that e.Digital will provide Eclipse with engineering services to integrate file management and compressed audio management technology designed by e.Digital into an advanced automotive audio system. Prior to entering into the Development and Manufacturing Agreement, we had collaborated with Eclipse for several months to develop and deliver state-of-the-art automotive OEM and aftermarket infotainment systems integrating the latest digital audio, voice recognition, data storage, video, and wireless Internet technologies for sale under the Eclipse brand name. Eclipse refers to their automotive audio system as an "infotainment" platform because it includes not only a radio and CD Player, but also may (i) connect wirelessly to the Internet to download music or other data, (ii) store, organize, retrieve, and play back data, including digital audio files, from a hard disk drive, (iii) connect wirelessly to a user's home personal computer while parked in the driveway for purposes of downloading and/or uploading music or other information, (iv) record radio signals to a built-in hard disk drive as they are received and (v) recognize the driver's voice commands to perform a variety of operations. The first system was unveiled at the 2002 International Consumer Electronics Show in Las Vegas. To date, we have received $15,000 under this agreement with respect to NRE fees only, of which $15,000 has been deferred as of June 30, 2003.
PR: E.DIGITAL CORPORATION ANNOUNCES DEVELOPMENT AND MANUFACTURING AGREEMENT WITH ECLIPSE BY FUJITSU TEN
e.Digital to Design, Develop, Manufacture, and Deliver Eclipse-Branded Products for Automotive Infotainment and Telematics Systems
(SAN DIEGO, CA - March 6, 2002) - e.Digital Corporation (OTC: EDIG), a global provider of comprehensive digital product development and designs, announced today that it has signed a development and manufacturing agreement with Eclipse by Fujitsu Ten. Under the agreement, e.Digital will receive non-recurring engineering (NRE) fees for design and development services. Additionally, e.Digital will receive revenues for the manufacture and delivery of Eclipse-branded audio products for the automotive infotainment and telematics market.
Steve Ferguson, Vice President of Sales and Marketing of e.Digital, stated, "We are very excited about this opportunity to design Eclipse-branded products by integrating the latest in automotive infotainment and telematics into a system using our MicroOSTM and other technologies. We are integrating information, communication, and entertainment into a sophisticated, easy-to-use system."
Jim Collier, President and Chief Operating Officer of e.Digital, said, "This agreement represents a key step in our plans to move aggressively into the fast-growing OEM, ODM, and aftermarket automotive telematics industry. It also provides a technology foundation that will accelerate our expansion into what is potentially the fastest growing market since the PC. In addition to technology development e.Digital will design and manufacture these high-end products."
Eclipse by Fujitsu Ten automotive audio and infotainment products and technology received prestigious Audio Sound Grand Prix Awards in 2000 and 2001. Eclipse is the fastest growing brand in the car stereo world.
Both companies unveiled the Eclipse MP-3 Changer at the International Consumer Electronics Show in Las Vegas early this year. Manufacturing and delivery of products to Eclipse by Fujitsu Ten are planned for the third calendar quarter this year. Eclipse-branded products will be sold to consumers through their established distribution channels.
About Eclipse by Fujitsu Ten For more information on the company and its products, please visit www.eclipse-web.com.
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