e.Digital Corp. (EDIG.OB) Signs Cross Licensing Agreement with Samsung Electronics
Today, leading entertainment technology developer e.Digital Corporation announced that it has entered a cross licensing and settlement agreement with Samsung Electronics Co, Ltd. Under the terms of the agreement, Samsung obtained a license and release on e.Digital's foreign and domestic patent rights, including the company's Flash-R™ patent portfolio. e.Digital, meanwhile, obtained a license and release on certain Samsung patents; the company also received a one-time licensing fee. e.Digital's Flash-R patent portfolio incorporates flash memory in the large, growing portable electronic products market. In 1993, the company introduced the first portable recorder with removable flash memory. Today, many consumer electronics products…