e.DIGITAL ANNOUNCES CROSS LICENSING AND SETTLEMENT AGREEMENT WITH SAMSUNG

(SAN DIEGO, CA, – October 22, 2009) – e.Digital Corporation (OTC: EDIG), a leading innovator of dedicated portable entertainment systems and patented flash memory-related technology, announced today that it has entered into a cross licensing and settlement agreement with Samsung Electronics Co., Ltd. (Samsung). Under the terms of the confidential agreement, Samsung obtained a license and release on e.Digital’s foreign and domestic patent rights, including the Company’s Flash-R™ patent portfolio, and e.Digital obtained a license and release on certain Samsung patents. e.Digital also received a one-time licensing fee.
http://www.edigital.com/index.php?option=com_content&view=article&id=31:edigital-announces-cross-licensing-and-settlement-agreement-with-samsung&catid=:news

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