Taken from

http://edigital.com/index.php?option=com_content&view=article&id=157:-edigital-reports-fiscal-year-2015-results&catid=:news

“Fiscal year 2015 marked the beginning of a transition period,” commented Fred Falk, president and CEO of e.Digital. “During the third quarter we ceased marketing our eVU mobile entertainment device and services due to the growth of personal portable electronic entertainment. We also redirected our patent monetization focus from the expiring patents of the Flash-R portfolio, to our new Nunchi portfolio.

“We have been keeping a close eye on the quickly evolving market of smart ‘connected’ devices that depend on data gathered by sophisticated sensors and algorithms to monitor areas of importance that include property, health, and day-to-day activities, and react as required. These are just a few of the teachings of the Nunchi patents. We are prioritizing royalty based licensing arrangements, versus one-time settlements. We believe this model will provide a more consistent revenue stream than we experienced with Flash-R monetization. We are approaching potential licensees through our law firm, Handal & Associates. We expect additional Flash-R licensing revenue in early fiscal 2016, with a transition to Nunchi licensing revenue thereafter.

“We continue to believe that significant opportunities exist in the online data security market and that our microSignet technology and other new technologies can provide a compelling enhanced security solution. As with any new forward-thinking technology, it takes time to secure a foothold in the industry.

“We are pleased with the progress we’ve made developing and monetizing our intellectual property, and are excited about the rapidly evolving industries our patent portfolios address,” concluded Falk.