Post by
o2bretired on Apr 11, 2007 9:26am
A new license today
April 11, 2007 Patriot Scientific Confirms Continuing Momentum as Sharp Purchases Moore Microprocessor Patent™ Portfolio License
https://www.hawkassociates.com/ptscpr100.aspx
Pay little to NO attention to Daniel Ravicher, Executive Director Public Patent Foundation. That's all old news.
Patriot Scientific Confirms Continuing Momentum as Sharp Purchases Moore Microprocessor Patent™ Portfolio License
CARLSBAD, Calif. – April 11, 2007 -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) confirmed today that Sharp Corporation has purchased a Moore Microprocessor Patent™ (MMP) Portfolio license. Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense, a TPL Group enterprise, exclusively manages.
Sharp is the 16th company to join the distinguished roster of global manufacturers that have captured early-mover MMP licensing berths in specific industry segments since January 2006. Alliacense again confirmed that subsequent licensees in segments where early tiers have been secured are subject to progressively higher royalty rates on relevant products.
The intellectual property assets protected by the MMP Portfolio encompass fundamental design techniques that enable higher performance and lower cost digital electronic systems ranging from cell phones and portable music players to communications infrastructure and medical equipment as well as automobiles, which today utilize dozens of microprocessors.
“As a co-owner of the MMP Portfolio we are pleased to welcome Sharp to the growing family of companies participating in the MMP Portfolio Licensing Program," said David Pohl, chairman and CEO of Patriot Scientific Corporation. He noted that HP, Casio, Fujitsu, Sony, Nikon, Seiko Epson, Pentax, Olympus, Kenwood, Agilent, Lexmark, Schneider Electric, NEC Corporation, Funai Electric and SanDisk have purchased MMP Portfolio licenses in the past 14 months. Intel and AMD are also licensees.
Pohl noted that the strong momentum of the licensing program validates the decision by Patriot’s board of directors in June 2005 to shift the company’s primary business model from manufacturing and marketing products to a model currently focused primarily but not exclusively on licensing their joint venture MMP patent portfolio. He emphasized that Patriot Scientific invested millions of dollars and hundreds of thousands of man-hours over 12 years or more developing and bringing to market products based upon the company’s intellectual property, including IP contained in the MMP Portfolio.
“We will continue to seek and evaluate opportunities to diversify our revenue stream by developing and marketing new technologies, entering into joint ventures or by acquiring other companies and technologies," Pohl stated, "always pointed toward the goal of increasing the financial position and strength of the company and providing value to our shareholders.”
About Sharp Corporation
Since its founding in 1912, Sharp Corporation has fashioned a global name as a comprehensive electronics manufacturer. Focused on consumer and information products, Sharp recently demonstrated at the Consumer Electronics Show the world’s largest LCD TV (108-inch) as well as wireless image-transfer from cameras and cell phones to TVs, and the industry’s first modems for transferring two high-definition feeds through a single power line in the home. For more information, visit www.sharp-world.com.
About Patriot Scientific
Patriot Scientific is a leading intellectual property licensing company that develops, markets and enables innovative technologies to address the demands in fast-growing markets such as wireless devices, smart cards, home appliances and gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices and industrial controllers. Headquartered in Carlsbad, Calif., information about the company can be found at https://www.ptsc.com.
Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may also be found at https://www.hawkassociates.com, https://www.americanmicrocaps.com, and at www.agoracom.com/IR/Patriot, in addition to the company’s web site.
About the Patent Portfolio
The patent portfolio, marketed as the Moore Microprocessor Patent™ Portfolio, is jointly owned by the 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 fundamental to the design of modern microprocessors, microcontrollers, Digital Signal Processors (DSPs), embedded processors and System-on-Chip (SoC) implementations.
About Alliacense
Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of Intellectual Property (IP) 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 IP portfolios. Founded in 1988, The TPL Group has emerged as a global coalition of high technology enterprises involved in the development, management and commercialization of IP assets as well as the design, manufacture and sales of proprietary products based on these same IP assets. For more information, visit www.alliacense.com.
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, patent litigation, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
# # #
Moore Microprocessor Patent ( MMP) and Alliacense are trademarks of Technology Properties Limited (TPL). PTSC and Ignite are trademarks of Patriot Scientific Corporation. All other trademarks belong to their respective owners.
====================
GLTA - DW