e.Digital on Pace for Record Fiscal Year Revenues
posted on
Dec 20, 2007 03:34AM
e.Digital on Pace for Record Fiscal Year Revenues Company Expects to Report Approximately $5 Million in Revenues Through Fiscal Q3
Thursday December 20, 8:30 am ET
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Blakeley continued, "While we intend to grow our portable IFE business in 2008, we have been encouraged by major airline and aircraft companies to apply our core technology to a simple, lightweight, flexible embedded solution providing individualized on-demand entertainment. An embedded eVU system would offer substantial product and weight/fuel cost savings and open the door to fleet-size eVU orders. We have initiated the design and adaptation of our eVU technology into an embedded system and look forward to reporting more on this important business development."
"Our intellectual property team is finalizing detailed legal and technical documentation to support additional Flash-R(TM) patent portfolio enforcement actions against a broad range of companies," added Blakeley. "To date, we have identified annual U.S. revenues of more than $20 billion from what we believe are infringing products from such companies. Our robust intellectual property portfolio addresses vital aspects of the use of removable flash memory in portable devices, and we believe the number of infringing companies and associated revenues continues to grow annually."
Blakeley concluded, "We are very encouraged with the progress of our eVU business, and we are convinced our Flash-R patent portfolio provides the opportunity for substantial future revenues."
About e.Digital Corporation: e.Digital is a leading innovator of dedicated portable inflight entertainment systems. More than 30 airlines have made dedicated portable systems powered by e.Digital technology their inflight entertainment choice. e.Digital also owns and is pursuing the monetization of its Flash-R(TM) portfolio of flash memory-related patents. e.Digital was the first company to employ and patent important aspects of the use of removable flash memory in portable recording devices. For more information about e.Digital and eVU, please visit: 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 within the meaning of Section 21E of the Securities Exchange Act. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, the stage of product and market development, expected future developments and other factors that we believe are appropriate under the circumstances. These 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. Actual outcomes and results may differ materially from what is expressed or implied by the 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 with the Securities and Exchange Commission ("SEC"). e.Digital Corporation disclaims any intent or obligation to update these or any forward-looking statements, except as otherwise specifically stated by it.
CONTACT:Source: e.Digital Corporation
e.Digital Corporation:
Robert Putnam
(858) 304-3016 ext. 205
Email Contact
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