e.Digital Corporation (OTCMKTS:EDIG) net income declined sharply to $275,741 in 3Q2015 compared to net income of $698.794 for the prior year’s third quarter.. The revenues came at $1.12 million compared to $1.28 million, a year ago. The company’s operating expenses jumped to $814,404 from $572,572 in 3Q2014 due to increased patent-related legal costs.
In the 3Q2015, e-Digital signed various Flash-R licensing deals. To date, 69 firms have licensed the Flash-R patent portfolio. The legal actions on ten Flash-R licenses enforcement are currently pending. The company said that responsible suppliers and manufacturers of flash memory storage equipments license its portfolio as they recognize e-Digital owns the proven intellectual property rights.
e-Digital received approval on its application of the “Doctrine of collateral estoppels” from the Federal Circuit Court of Appeals. Also, The U.S. District Court also ruled favorably on the claim construction appeal of its 108 patent. The company is fighting to preserve its rights under its ‘Flash-R™ patent portfolio.’ There are several cases pending against prominent companies including GoPro Inc (NASDAQ:GPRO), Micron Technology, Inc. (NASDAQ:MU), SanDisk Corporation (NASDAQ:SNDK) and Lenovo Group Limited (ADR) (OTCMKTS:LNVGY).
Developments in Nunchi® Technology Enforcement
e-Digital Nunchi® Technology portfolio consists of four pending continuation application and six U.S. patents. In an effort to license the unique technology, e-Digital has filed infringement lawsuits against ArcSoft, Inc. and Dropcam, Inc. It discovered that there are other potential infringers and, it is evaluating the feasible enforcement options.
Progress of microSignet™ Technology
e-Digital is working on the development of its microSignet™ technology. e.Digital Corporation (OTCMKTS:EDIG) intends to create a strong layer of security for electronic equipments. It believes that there are opportunities that exist in the rapidly developing data security market. It is looking for licensing arrangements or other potential deals with established online security providers and semiconductor companies to monetize microSignet™. Last but not least, it is even working to develop other innovative technologies to increase privacy in communications.