Patriot Scientific Gaining Momentum as Olympus Signs Eighth Licensing Deal in Eight Months
posted on
Sep 05, 2006 04:59AM
Board Member Jim Turley Increases Strategic Role
CARLSBAD, Calif., Sept. 5 /PRNewswire-FirstCall/ -- Patriot Scientific
Corporation (OTC Bulletin Board: PTSC) confirmed today that Olympus
Corporation has purchased a license to use the Moore Microprocessor
Patent(TM) (MMP) Portfolio. Seven other major system manufacturers have
purchased MMP licenses this year, including Casio, Fujitsu, HP, Seiko
Epson, Sony, Nikon and Pentax. In addition, AMD and Intel are also
licensees.
Olympus Corporation is a precision technology leader, designing and
delivering innovative solutions in healthcare and consumer electronics
worldwide. Olympus works collaboratively with its customers to leverage R&D
investment in precision technology and manufacturing processes across
diverse business lines. These include: gastrointestinal endoscopes,
accessories and minimally invasive surgical products; advanced clinical and
research microscopes; lab automation systems, chemistry-immuno and blood
analyzers and reagents; and digital and film cameras, plus digital voice
recorders.
Patriot Scientific and The TPL Group are co-owners of the MMP
Portfolio, which Alliacense, a TPL Group enterprise, exclusively manages.
The MMP Portfolio patents, filed in the 1980s, cover techniques that have
become essential to consumer and commercial digital systems ranging from
DVD players, cell phones and portable music players, to communications
infrastructure, medical equipment and automobiles.
``The addition of Olympus marks our eighth MMP licensing agreement this
year,`` said David Pohl, Patriot Scientific chairman and CEO. ``With five
license agreements signed in the past three months, our MMP licensing
program continues to gain considerable momentum, and we have only scratched
the surface of the opportunities available with hundreds of licensing
candidates.``
Patriot Scientific also announced today that board of directors member
Jim Turley will be devoting increased attention to technology matters for
the company. Turley, formerly editor-in-chief of Embedded Systems Design
and currently the editor of Silicon Insider, is the author of seven books
and has been editor of the prestigious industry journal Microprocessor
Report, where he was three-time winner of the Computer Press Award. He is a
frequent speaker at industry events and is often quoted in The Wall Street
Journal, The New York Times and the San Jose Mercury News.
A former senior executive at ARC International, where he was
responsible for three high-tech acquisitions and a successful IPO, Turley
currently serves on several technical advisory boards for high-tech
companies in the United States and Europe as well as on the advisory board
for the Embedded Systems Conference and The Microprocessor Report. His
areas of technology expertise include microprocessor chips, intellectual
property, silicon/semiconductor technology, consumer electronics,
automotive electronics, video games and consoles, and home/household
electronics.
``Jim`s increased availability to provide input and assistance based
upon his industry experience and expertise will be extremely helpful as we
consider additional strategic moves intended to enhance the strength and
profitability of our company,`` Pohl stated.
As Patriot Scientific accumulates capital resulting from licensing
revenues, the company is ready to implement the next phase of its strategic
plan and is now evaluating possible opportunities to diversify its revenue
stream by entering into joint ventures or by acquiring other companies and
technologies.
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 http://www.ptsc.com.
Copies of Patriot Scientific press releases, current price quotes,
stock charts and other valuable information for investors may be found at
http://www.hawkassociates.com and http://www.americanmicrocaps.com. An
investment profile on Patriot Scientific may be found at
http://hawkassociates.com/ptscprofile.aspx.
About the Patent Portfolio
The patent portfolio, marketed as the Moore Microprocessor Patent
Portfolio, contains intellectual property that 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. 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.
About Alliacense
Alliacense 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 http://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, 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). All other trademarks belong to their
respective owners.
CONTACTS:
Patriot Media Relations
The Hoffman Agency
David Friedman
(303) 868-9641
dfriedman@hoffman.com
Patriot Investor Relations
Hawk Associates
Frank Hawkins or Ken AuYeung
(305) 451-1888
info@hawkassociates.com
Alliacense Media Relations
TPL Group
Tom Rigoli
(650) 969-5986
rigoli@mindpik.com