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E.DIGITAL CORPORATION AND LIQUID AUDIO SIGN LICENSING AGREEMENT
(SAN DIEGO, CA, July 20, 1999) — e.Digital Corporation (OTC: EDIG) announced today that it has signed an agreement to license Liquid Audio’s (Nasdaq: LQID) secure portable player platform (SP3) for use in its secure Internet music player design which features e.Digital’s MicroOS operating system, DSP technology from Texas Instruments (NYSE: TXN), and the Lucent Technologies (NYSE: LU) EPAC music codec. SP3 is a comprehensive software solution for building interoperable, secure, portable music devices. SP3-based devices deliver an improved consumer experience and support the playback of music in many leading formats. The design will be provided to OEM manufacturers as the basis of their branded, secure music players.
Fred Falk, president and CEO of e.Digital, stated, "e.Digital and its technology partners are developing the first non-MP3 Internet music player and this agreement with Liquid Audio further strengthens our position as the next-generation device for downloadable music. The addition of Liquid Audio’s security measures help ensure that our SDMI-compliant player will support all secure music formats. The consumer will enjoy the entire experience of downloading and playing music, and the artists and retailers will enjoy adequate and thorough protection from music piracy every step of the way." He continued, "e.Digital and Liquid Audio, along with Lucent and Texas Instruments, have been very closely involved in the SDMI, and have combined products and leveraged their strengths in various technologies to create a complete, secure portable design."
Liquid Audio is a leading provider of services and software for the digital delivery of music over the Internet. Liquid Audio’s software, including SP3, enables record labels and music retailers to safely leverage the Internet to promote and sell music to consumers downloading high-quality music and enjoying it in secure portable music players. Together Liquid Audio and e.Digital are creating the first design that meets the requirements of both consumers and the music industry–it supports many leading music formats and enables interoperability among a range of music devices.
Gary Johnson, DSP Audio Manager at Texas Instruments, and a founding member of SDMI, said, "TI is truly excited about the collaboration between e.Digital and Liquid Audio to create a secure portable digital music system for use with TI's DSP. TI offers the ideal low-power, high-performance DSP that efficiently supports all compression and security software of manufacturers and technology providers, such as e.Digital and Liquid Audio."
The device design will meet all the industry standard guidelines established by the Secure Digital Music Initiative (SDMI) to stop the unauthorized copying and downloading of music off the Internet by building security measures such as encryption and decryption into compact discs, electronic music distribution (EMD) systems, personal computer hosts and portable players.
Liquid Audio’s SP3 software is an openly-licensable solution that improves the consumer experience and enables interoperability among secure portable music devices. Users of the design will also be able to take advantage of Liquid Audio’s Liquid Player software to manage their downloaded music collections, prepare play lists and transfer music to CD-Rom.
e.Digital Corporation offers an engineering partnership for the world’s leading electronics companies to link portable digital devices to PCs and the Internet. Engineering services range from the licensing of e.Digital’s multi-patented MicroOS file management system to custom software and hardware development, design and manufacturing services. For more information on the company, visit www.edig.com.
Located in Redwood City, California, Liquid Audio provides services and software for the digital delivery of music over the Internet. The Liquid Audio solution gives musicians, record labels, Web sites and music retailers the ability to create, syndicate and sell recorded music online. Liquid Audio enables artists and record companies to promote and securely sell their music with copy protection and copyright management through the Liquid Music Network of 200 Web site affiliates. Using the Liquid Player software, available for free download at www.liquidaudio.com, consumers visiting these Web sites can preview and purchase songs from a growing catalog of syndicated music.
Texas Instruments Incorporated is a global semiconductor company and the world's leading designer and supplier of digital signal processing solutions, the engines driving the digitization of electronics. Headquartered in Dallas, Texas, the company's businesses also include materials and controls, educational and productivity solutions, and digital imaging. The company has manufacturing or sales operations in more than 25 countries. Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at http://www.ti.com
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