Thanks to letgojoe for updating PROFILE tab 4-30-11
posted on
May 05, 2011 11:28AM
"Intellectual Property"
In February 2006, e.Digital announced that it was pursuing "monetization" of its patent portfolio. It engaged Pat Nunally, formerly of Patriot Scientific Corporation, as an Intellectual Property (IP) consultant in June 2006.
On December 21, 2006 the company stated to shareholders that they had "identified 174 companies with 1,372 products that appear to employ our patent portfolio."
In March 2007 the company engaged the law firm of Duane Morris LLP to pursue patent infringement claims on a contingent fee basis. The agreement grants Duane Morris 40 - 50% of all settlements and awards after full reimbursement for expenses incurred. The contingency fee agreement also provides a lien resulting in e.Digital's patents being officially assigned to Duane Morris.
Sep 7, 2007, e. Digital Corp vs. Vivitar Corporation - The company's first lawsuit for infringement of its patents was filed against Vivitar Corporation in the Marshall Division, Eastern District of Texas. ...
On December 20, 2007 it further expanded its claim by stating: “To date, we have identified annual U.S. revenues of more than $20 billion from what we believe are infringing products from such companies."
MARCH 6, 2008, e.DIGITAL FILES PATENT INFRINGEMENT LAWSUITS AGAINST AVID ELECTRONICS, CASIO AMERICA, LG ELECTRONICS USA, NIKON, OLYMPUS AMERICA, SAMSUNG ELECTRONICS AMERICA AND SANYO NORTH AMERICA.
Nov. 2009, “In concert with our legal representatives, we attained many of our early intellectual property (IP) monetization goals, successfully licensing all seven active companies in the first round of filings and using the $11.4 million in proceeds to strengthen our financial positions.
Nov. 9, 2009, e.Digital filed the infringement action against Canon, Kyocera, Nokia, Pentax, Panasonic, Ikegami, HTC, Coby Electronics, DXG, Roland, Leica Camera, Marantz, Imation, Summit Global (DBA Polaroid), Sakar, TEAC (DBA Tascam), VTech, Wolverine Data, and Samson Technologies (DBA Zoom).