To: LLCF who wrote (9181 ) 1/9/2000 11:03:00 AM From: Mike E. Respond to of 18366
Yes!! Can you repost?? What is our royalty rate? How many are currently being sold? Most of your questions aren't answered in the press release so you'll probably have to address them to investor relations. Here is the release and as far as I can tell, the only actual license agreement announced so far: (BSNS WIRE) e.Digital and Maycom Announce Licensing Agreement for e.Digi e.Digital and Maycom Announce Licensing Agreement for e.Digital's Portable Internet Music Player Design Business Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com SAN DIEGO--(BUSINESS WIRE)--Jan. 5, 2000--e.Digital Corp. (OTCBB:EDIG) announced today that it has licensed its portable Internet music player design to Maycom Co. Ltd., manufacturer of the I-Jam(TM) digital MP3 player. Maycom will incorporate e.Digital's reference design into their third-generation music player (see photo) which will support multiple music codecs including ePAC, AAC, WMA, and MP3 and will also support various Digital Rights Management (DRM) schemes. Maycom currently sells its Merit(TM) MP3 player in Europe and Asia, and sells it under the brand name I-Jam in North America. Different models of the player will be able to utilize SanDisk's CompactFlash(TM), SD Cards(TM) or Multimedia Cards(TM). It will hold one to two hours of music depending on user preferences and will be powered by rechargeable or conventional Alkaline batteries. A USB interface will be built in to enable Internet-delivered upgrades. The unit, dubbed MP2000 for now, is expected to go into production in late summer 2000 depending on SDMI specifications and the availability of secure music on the Internet. Fred Falk, president and chief executive officer of e.Digital, said, "We are delighted to announce Maycom as the first customer for our portable Internet music player design featuring ePAC. Maycom is respected for their ability to make a name for high-tech consumer products, and for their international presence in the electronics market." S.W. Bae, Maycom's president added, "The e.Digital design lets us build our third-generation digital music player to support the ePAC music compression format, along with available support for other audio codecs. Our customers are interested in the best sound quality and want to be ahead of the curve as the Internet music industry begins to take off and secure music content becomes more widely available. ePAC provides excellent sound quality, and licensing the e.Digital design helps us get to market more quickly." About Maycom Maycom Company Ltd., is a turnkey manufacturer of digital audio and radio communication products with annual sales target of approximately $30 million, and exports of over $10 million in 1999. Maycom currently sells its Merit(TM) MP3 player in Europe and Asia, and sells it under the brand name I-Jam in North America. 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. Engineering services range from the licensing of e.Digital's patented MicroOS(TM) file management system to custom software and hardware development, design and manufacturing services. For more information on the company, visit www.edig.com. Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This press release 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 become Year 2000 compliant; pricing pressures; and the uncertainty of market acceptance of new products by OEM's and end-user customers. Note to Editors: e.Digital and MicroOS are trademarks of e.Digital Corp. Lucent and ePAC are trademarks or registered trademarks of Lucent Technologies. SanDisk and CompactFlash are trademarks or registered trademarks of SanDisk Corp. All other product, company, or service names are the property of their respective owners. --30--ts/sd* CONTACT: 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 or Maycom S.W. Bae, 011 82 (2) 895 8091 info@maycomcoltd.com KEYWORD: CALIFORNIA INTERNATIONAL EUROPE ASIA PACIFIC INDUSTRY KEYWORD: INTERNET COMPUTERS/ELECTRONICS PRODUCT PHOTO: snr5 Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com