e.Digital Reports Successful Showing of Digital Music Product Platforms to OEMs
At COMDEX 2000
Business Editors/High-Tech Writers
COMDEX Fall 2000
SAN DIEGO--(BUSINESS WIRE)--Nov. 20, 2000--e.Digital Corporation
(OTC:EDIG) reported that the first consumer version of its
MicroOS(TM)-based portable digital music jukebox platform was
successfully unveiled at COMDEX 2000 in Las Vegas last week to
selected OEMs.
The portable jukebox platform holds up to 2,000 songs on an
embedded 6.4 GB hard drive and the first consumer product based on the
e.Digital platform is currently being marketed by Hy-Tek Inc. under
the name "Treo". (See www.treoplayer.com for more information.)
e.Digital also held meetings with current and potential OEM customers
to demonstrate platforms for its standard MicroOS(TM)-based Internet
music players as well as a new music player design featuring the 500
MB optical storage disc from DataPlay. (See e.Digital's Press Release
dated October 19, 2000 for further details.)
Fred Falk, e.Digital's president and CEO, said, "The response to
our platforms was even stronger than we expected. We had the
opportunity to meet privately with selected major consumer electronics
companies, high-end stereo manufacturers, and PC manufacturers on our
portable jukebox platform, portable Internet music player platform,
and new DataPlay-enabled music players.
"The OEMs we met with realized that our digital jukebox platform
has a rich feature set, superb sound quality, and multi-codec support,
all in an extremely compact, pocket-size form factor that surpasses
competing jukebox-type products shown at COMDEX or on the market
today.
"Based on the sessions that took place at COMDEX, we expect the
jukebox platform to contribute significantly to our business next
year. We also believe that products derived from our jukebox platform
have the potential of being some of the best-selling consumer
electronics products in 2001."
Falk added, "We also met with OEMs regarding our MicroOS-based
Internet music player design incorporating the DataPlay removable, 500
MB optical disc, and this design was also very well received. For the
past several months we have been working closely with DataPlay and a
number of OEM customers to also develop MicroOS-based product designs
beyond digital music players incorporating this new technology.
DataPlay's formal introduction of their optical storage technology
will take place in January at CES 2001 (the Consumer Electronics Show)
in their 8,000-square-foot Partners Pavilion. We are looking forward
to more news and announcements about this new technology and the OEM
products incorporating it leading up to and at that show."
The company's new portable Internet music player incorporating the
DataPlay optical disc holds 3 hours of higher-than-CD quality music or
11 hours of compressed music files, and features multi-codec support.
Falk concluded, "Our standard Internet music player platform stood
out among many others being shown at COMDEX because of our ability to
support multiple codecs, multiple digital rights management systems,
and a variety of removable storage media. As the online world
continues to develop, OEM customers are expected to launch different
versions of this compact portable Internet music player platform to
consumer markets in early 2001."
One version of e.Digital's standard Internet music player platform
is already shipping to the Korean market through licensee Maycom Co.
Ltd., Korea, as the "MP2000" under their Merit brand name. Maycom and
e.Digital are working together with OEMs to market versions of this
product in Europe, Asia, and throughout the world under a variety of
brand names. The basic platform features: support for multiple music
codecs, including MP3, ePAC, WMA, QDX, and AAC; support for multiple
Digital Rights Management systems, including WMA and InterTrust; and
can be adapted at the OEM level to incorporate a variety of removable
storage cards including CompactFlash, SD Card, MMC, or Microdrive. The
platform also features a backlit LCD with support for both English and
Japanese characters, and an FM radio mode with four user-selected
station presets.
About e.Digital
e.Digital Corporation 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
Corporation. All other company, product, and service names are the
property of their respective owners.
--30--cs/sf*
CONTACT: e.Digital Corp.
Robert Putnam, 858/679-1504
robert@edig.com
or
The MWW Group (for e.Digital)
Matt Messinger, public relations, 201/964-2377
mmessing@mww.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE PRODUCT TRADESHOW
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