Wall Street News Alert
posted on
Mar 09, 2009 06:52PM
SpongeTech(R) Delivery Systems is a company which designs, produces, and markets a unique line of reusable cleaning products for household use.
e.Digital Corporation (OTCBB:EDIG), up 1.1% on 143,000 shares traded.
On Mar 05, 2009 e.Digital Corporation recently announced its fourth Flash-R(TM) patent portfolio license and settlement agreement. Under the terms of the confidential agreement, e.Digital received a one-time licensing fee.
e.Digital's Flash-R patent portfolio covers certain aspects of the use of flash memory, addressing today's large and growing portable electronic products market. The Company unveiled 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. In September 2007 and March 2008, the Company filed its first Flash-R portfolio patent infringement litigation against eight defendants.
"We're pleased to have favorably licensed and settled half of the pending cases during the last six months," remarked Robert Putnam, senior vice president of e.Digital Corporation. "We expect further legal and licensing activity this quarter, and in our next fiscal year commencing April 1, 2009."
e.Digital is a leading innovator of dedicated portable entertainment systems. e.Digital also owns and is pursuing the monetization of its Flash-R(TM) portfolio of flash memory-related patents.
Let Wall Street News Alert help advertise for your company using our effective awareness campaigns. If you're Interested in telling your story, we can help. Contact us at info@wallstreetnewsalert.com