SOURCE: e.Digital Corporation

March 01, 2010 08:30 ET

e.Digital Announces Royalty Bearing License and Settlement Agreement With Ikegami

SAN DIEGO, CA--(Marketwire - March 1, 2010) -  e.Digital Corporation (OTCBB: EDIG), a leading technology innovator of dedicated portable entertainment systems and patented flash memory-related technology, announced today that it has entered into a royalty bearing license and settlement agreement with Ikegami Electronics (USA) (Ikegami). Under the terms of the confidential agreement, Ikegami has obtained a license and release on all e.Digital foreign and domestic patent rights and has agreed to pay an on-going royalty for the licensed rights.

e.Digital's Flash-R™ patent portfolio is comprised of fundamental technology related to the use of flash memory in the large and growing portable electronic products market. The Company introduced the first portable recorder with removable flash memory in 1993 and believes its patent portfolio to be essential to many consumer electronics products that utilize flash memory including cell phones, digital cameras, camcorders, PDAs and other popular devices.

"We are pleased to have entered into our second royalty bearing license agreement from our recently filed round of Flash-R related cases," remarked Fred Falk, president and CEO of e.Digital. "We anticipate further legal and licensing activity this fiscal year."

About e.Digital Corporation: e.Digital is a leading innovator of dedicated portable in flight entertainment systems. More than 30 airlines have made dedicated portable systems powered by e.Digital technology their in flight entertainment choice. e.Digital also owns and is monetizing its Flash-R™ portfolio of flash memory-related patents. e.Digital was the first company to develop, patent, and productize fundamental techniques that opened the door to the widespread use of flash memory in many of today's popular electronic products. For more information about e.Digital, please visit:

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