e.Digital Announces Royalty Bearing License and Settlement Agreement With Wolverine Data
SAN DIEGO, CA–(Marketwire – December 10, 2009) – e.Digital Corporation (OTCBB: EDIG), a
leading innovator of dedicated portable entertainment systems and patented
flash memory-related technology, announced today that it has entered into a
royalty bearing license and settlement agreement with TIC Computer, Inc.
doing business as Wolverine Data (Wolverine). Under the terms of the
confidential agreement, Wolverine has agreed to make an undisclosed lump
sum payment for past infringing sales and to pay a royalty for any on-going
sales of products that practice e.Digital’s U.S. Patent 5,491,774 (‘774).
