Patriot Scientific Corporation Announces Licensing Agreement With Sony Corporation
CARLSBAD, Calif., June 5 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) confirmed today that Sony Corporation has purchased a license to the Moore Microprocessor Patent(TM) (MMP) Portfolio. Sony joins an expanding group of global system manufacturers, including Fujitsu, Hewlett-Packard and Casio Computer that have become MMP Portfolio licensees this calendar year. Terms of the license were not disclosed.
"This is a pivotal time for the MMP licensing program," said David Pohl, Patriot Scientific chairman and CEO. "Adding Sony to our ever-growing number of MMP licensees reinforces the strength of our jointly owned patent portfolio as well as our business and licensing strategy. The MMP Portfolio Licensing Program rewards first movers in their industry sectors with substantial discounts. Sony was successful in achieving this distinct honor."
About Patriot Scientific
Patriot Scientific has emerged as an effective and dynamic intellectual property licensing company, developing and marketing innovative and proprietary semiconductor technologies. The company's portfolio of proprietary designs encompasses what is believed to be fundamental ultra-low-power array microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology.
Detailed information about Patriot Scientific can be found on at www.ptsc.com . Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found at www.hawkassociates.com and www.americanmicrocaps.com . An investment profile on Patriot Scientific may be found at www.hawkassociates.com/patriot/profile.php .
About Alliacense
Alliacense(TM) is a TPL Group Enterprise executing best-in-class design and implementation of intellectual property licensing programs. As a cadre of IP licensing strategists, technology experts and experienced business development/management executives, Alliacense focuses on expanding the awareness and value of TPL's intellectual property portfolios. For more information, visit www.alliacense.com .
About the Patent Portfolio
The patent portfolio, marketed as the Moore Microprocessor Patent Portfolio, contains intellectual property that is jointly owned by publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processors (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group enterprise.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
NOTE: Moore Microprocessor Patent, MMP and Alliacense are trademarks of Technology Properties Limited (TPL). All other trademarks belong to their respective owners.
CONTACT:
Patriot Media Relations Patriot Investor Relations
The Hoffman Agency Hawk Associates
David Friedman Frank Hawkins or Ken AuYeung
+1-303-868-9641 +1-305-451-1888
dfriedman@hoffman.com info@hawkassociates.com
SOURCE Patriot Scientific Corporation