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Message: Patriot Scientific Announces Purchase by NEC of First 2007 Moore Microprocessor

Patriot Scientific Announces Purchase by NEC of First 2007 Moore Microprocessor

posted on Feb 08, 2007 04:15AM
Patriot Scientific Announces Purchase by NEC of First 2007 Moore Microprocessor Patent(TM) Portfolio License

    CARLSBAD, Calif., Feb. 8 /PRNewswire-FirstCall/ -- Patriot Scientific
Corporation (OTC Bulletin Board: PTSC) confirmed today that NEC Corporation
has purchased a Moore Microprocessor Patent(TM) (MMP) Portfolio license. As
the first global manufacturer to become an MMP Portfolio licensee in 2007,
NEC closely follows in the footsteps of HP, Casio, Fujitsu, Sony, Nikon,
Seiko Epson, Pentax, Olympus, Kenwood, Agilent, Lexmark and Schneider
Electric, all 12 of whom purchased MMP licenses during 2006.
    Patriot Scientific and The TPL Group are co-owners of the MMP
Portfolio, which Alliacense, a TPL Group enterprise, exclusively manages.
MMP Portfolio patents 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.
    "After several years of exhaustive study and negotiation, we are
pleased with NEC's decision to purchase an MMP Portfolio license," said Mac
Leckrone, Alliacense president. "NEC becomes our inaugural MMP Portfolio
licensee in 2007, as well as the first to capture a berth in the networking
and communications industry segment." He noted that the MMP Portfolio
licensees in this segment, as well as future licensees in segments where
early tiers have been captured, are subject to progressively higher royalty
rates. "We are especially pleased that NEC has chosen to become TPL's
program partner instead of continuing as a defendant with Matsushita and
Toshiba, against whom TPL filed broad-based infringement claims about 15
months ago in the U.S. District Court, Eastern District of Texas."
    "As a co-owner of the MMP Portfolio and co-plaintiff with TPL in the
litigation still pending in Texas as to infringement claims against
defendants Matsushita and Toshiba, we are equally pleased with this
decision by NEC," said David Pohl, chairman and CEO of Patriot Scientific
Corporation. He noted 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. "Patriot's board of directors
decided in June, 2005 to shift our primary business model from
manufacturing and marketing products to a model currently focused on
licensing our joint venture patent portfolio," Pohl continued. "Each new
licensee, with NEC being a significant example, validates that decision."
    "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 NEC Corporation
    NEC Corporation (Nasdaq: NIPNY) is one of the world's leading providers
of Internet, broadband network and enterprise business solutions dedicated
to meeting the specialized needs of its diverse and global base of
customers. NEC delivers tailored solutions in the key fields of computer,
networking and electron devices, by integrating its technical strengths in
IT and networks and by providing advanced semiconductor solutions through
NEC Electronics Corporation. The NEC Group employs more than 150,000 people
worldwide. For additional information, visit http://www.nec.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 http://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 http://www.hawkassociates.com and http://www.americanmicrocaps.com. An
investment profile on Patriot Scientific may be found at
http://www.hawkassociates.com/ptscprofile.aspx.
    About the Patent Portfolio
    The patent portfolio, marketed as the Moore Microprocessor Patent(TM)
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 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, 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.
    CONTACTS:
    Patriot Investor Relations: Hawk Associates, Frank Hawkins or Ken
AuYeung (305) 451-1888 info@hawkassociates.com
    Patriot Media Relations: The Hoffman Agency, John Radewagen, (408)
975-3005 jradewagen@hoffman.com
    Alliacense Media Relations: Tom Rigoli, Mindpik, (650) 969-5986
rigoli@mindpik.com


SOURCE Patriot Scientific Corporation

Related links:
  • http://www.patriotscientific.com
  • http://www.ptsc.com
  • http://www.nec.com
  • http://www.hawkassociates.com
  • http://www.americanmicrocaps.com
  • http://www.alliacense.com
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