BIG NEWS! Remote Solution/Hango Electronics Chooses e.Digital Technology
SAN DIEGO, Aug 23, 2000 (BUSINESS WIRE) -- e.Digital Corp. (OTC:EDIG) today
announced an agreement with Remote Solution, the U.S. marketing and sales
organization for HanGo Electronics, Co., Ltd., Korea.
Under the agreement, Remote Solution will license e.Digital's
MicroOS(TM)-based
Internet music player design for a new multi-codec, SDMI-capable portable
jukebox product named Cleo(TM). Remote Solution plans to introduce the Cleo to
the consumer market under its own brand name and in addition will make it
available for licensing by name-brand OEM customers in the electronics,
computer, and audio industries.
"The Cleo rises above the current Internet music marketplace confusion by
including support for several compression formats and digital rights
management
systems. With major record labels promising to provide Internet downloadable
content, it is important for us to provide our customers with a user-friendly
product that can support it," said David Ahn, president of Remote Solution. He
continued, "We are confident that the combination of our consumer product
design
and production capabilities and e.Digital's technical expertise and market
awareness will create a formidable new competitor in the Internet music player
arena."
Fred Falk, president and CEO of e.Digital, added, "Remote Solution is an ideal
partner for us because of their pioneering work in their Personal JukeBox
product line incorporating a hard disk into a portable MP3 player. It is an
ideal fit with the music player reference designs we have refined in the last
year, and with our flexible, MicroOS core technology specifically created for
use in portable devices." He continued, "We believe that the Cleo will offer
music consumers something they have never seen before: a portable digital
music
jukebox with a simple user interface; support for multiple music codecs
including those being adopted by the major record labels; and the ability to
store and play back up to 2000 songs."
Hong-Bum Shin, president of HanGo Electronics, said, "Remote Solution/HanGo
and
e.Digital share an enormous interest in the Internet music industry. We are
all
committed to generating cutting edge portable designs that will maximize the
end
user's experience in every way. With all the recent developments in the
Internet
music industry, and the consumer audience's interest in taking their favorite
digital tunes with them, we are pleased with the market prospects for Cleo."
Atul Anandpura, e.Digital vice president of R & D stated, "Cleo will
incorporate
e.Digital's MicroOS(TM)-based multi-codec music player design and will
include a
6.4 GB portable hard drive. We will leverage our customizable MicroOS file
management system to effectively manage the large-capacity hard disk in Cleo.
Our core technology is flexible by design, to allow the incorporation of a
hard
disk or other storage media in place of Flash memory in portable devices."
e.Digital's flexible, multi-codec Internet music player design also
incorporates
a Digital Signal Processor (DSP) from Texas Instruments.
About Remote Solution
Remote Solution, located in Brea, Calif., is the U.S. Marketing and sales
organization for HanGo Electronics, Co., Ltd., Korea. For more information on
the company, visit www.remotesolution.com.
About HanGo Electronics, Co., Ltd.
HanGo Electronics, Co., Ltd., located in Kimchun, Korea, was founded in
January
1993. The company is a leading manufacturer of remote controls, multimedia and
other consumer devices, specializing in high-volume OEM manufacturing and
production work. HanGo Electronics has leading brand name customers including;
Hitachi, NEC, Daewoo, General Instruments, Lexicon, TIVO, and Harman Kardon.
HanGo Electronics is also an OEM manufacturer of several newly announced
expansion modules for Handspring's(TM) new line of handheld computers.
About e.Digital
e.Digital Corp. offers an engineering partnership for the world's leading
electronics companies to link portable digital devices to PCs and the
Internet.
e.Digital develops and markets to consumer electronics manufacturers complete
end-to-end solutions for delivery and management of open and secure digital
media with a focus on music players/recorders and portable digital voice
recorders. Engineering services range from the licensing of e.Digital's
patented
MicroOS(TM) file management system to custom software and hardware
development,
industrial design and manufacturing services. For more information on the
company, visit www.edig.com.
Safe Harbor statement under the Private Securities Litigation Reform of 1995:
This document contains forward-looking statements relating to future
performance, technology and product development that may impact on future
results and the future viability of the company. Actual results could be
affected or differ materially from those projected in the forward-looking
statements as a result of risk factors such as: future products and results;
technological shifts; potential technical difficulties that could delay new
products; competition; general economic conditions in the markets in which the
company operates; the ability of the company, its customers, and suppliers to
solve latent Year 2000 compliance issues; pricing pressures; and the
uncertainty
of market acceptance of new products by OEM's and end-user customers.
Note: e.Digital and MicroOS are trademarks of e.Digital Corp. Handspring is a
trademark of Handspring Inc. All other company, product, and service names are
the property of their respective owners.
CONTACT: HanGo/Remote Solution
Lucy Gilmer, 714/674-5190 ext. 104
or
e.Digital Corp.
Robert Putnam or Wendy Ravenel, 858/679-1504
robert@edig.com
wendy@edig.com
or
The MWW Group (for e.Digital)
Matt Messinger, 201/964-2377
mmessing@mww.com
URL: businesswire.com
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KEYWORD: CALIFORNIA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: ELECTRONIC
GAMES/MULTIMEDIA
INTERNET
MUSIC
COMPUTERS/ELECTRONICS
TELECOMMUNICATIONS
PRODUCT
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