e.Digital Corp. Announces Development and Manufacturing Agreement With Eclipse
by Fujitsu Ten
Business Editors & High-Tech/Automotive Writers
SAN DIEGO--(BUSINESS WIRE)--March 6, 2002--
e.Digital to Design, Develop, Manufacture, and Deliver Eclipse-Branded
Products for Automotive Infotainment and Telematics Systems
e.Digital Corp. (OTCBB:EDIG), a global provider of comprehensive
digital product development and designs, announced today that it has
signed a development and manufacturing agreement with Eclipse by
Fujitsu Ten.
Under the agreement, e.Digital will receive non-recurring
engineering (NRE) fees for design and development services.
Additionally, e.Digital will receive revenues for the manufacture and
delivery of Eclipse-branded audio products for the automotive
infotainment and telematics market.
Steve Ferguson, vice president of sales and marketing of
e.Digital, stated, "We are very excited about this opportunity to
design Eclipse-branded products by integrating the latest in
automotive infotainment and telematics into a system using our
MicroOS(TM) and other technologies. We are integrating information,
communication, and entertainment into a sophisticated, easy-to-use
system."
Jim Collier, president and chief operating officer of e.Digital,
said, "This agreement represents a key step in our plans to move
aggressively into the fast-growing OEM, ODM and aftermarket automotive
telematics industry. It also provides a technology foundation that
will accelerate our expansion into what is potentially the fastest
growing market since the PC. In addition to technology development
e.Digital will design and manufacture these high-end products."
Eclipse by Fujitsu Ten automotive audio and infotainment products
and technology received prestigious Audio Sound Grand Prix Awards in
2000 and 2001. Eclipse is the fastest growing brand in the car stereo
world.
Both companies unveiled the Eclipse MP-3 Changer at the
International Consumer Electronics Show in Las Vegas early this year.
Manufacturing and delivery of products to Eclipse by Fujitsu Ten are
planned for the third calendar quarter this year. Eclipse-branded
products will be sold to consumers through their established
distribution channels.
About Eclipse by Fujitsu Ten
For more information on the company and its products, visit
www.eclipse-web.com.
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 affect 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 risks
and uncertainties, including future products and results,
technological shifts, potential technical difficulties that could
delay new products, competition, general economic factors, and
conditions in the markets in which the company operates, pricing
pressures, the uncertainty of market acceptance of new products and
services by OEM's and end-user customers, and other factors identified
and discussed in the Company's most recent filings with the Securities
and Exchange Commission. These forward-looking statements are based on
information and management's expectations as of the date hereof.
Future results may differ materially from the company's current
expectations.
Editors Note: e.Digital and MicroOS are trademarks of e.Digital
Corp. All other company, product, and service names are the property
of their respective owners.
--30--jv/sd* ts/sd
CONTACT: e.Digital Corp., San Diego
Robert Putnam, 858/679-1504
robert@edig.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: AUTOMOTIVE COMPUTERS/ELECTRONICS HARDWARE
MUSIC TELEVISION/RADIO
SOURCE: e.Digital Corp.
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Mar-06-2002 19:53 GMT
Symbols:
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