NEWS-Patriot Scientific Corporation (OTCBB:PTSC)
posted on
Jan 04, 2008 04:03AM
Consumer Electronics Maker Becomes First Licensee of 2008
CARLSBAD, Calif.--(BUSINESS WIRE)--Patriot Scientific Corporation (OTCBB:PTSC) announced today that Humax Corporation, Ltd. has purchased a Moore Microprocessor Patent™ (MMP) Portfolio license. Humax manufactures and distributes a broad range of digital set top box, LCD television and satellite radio products.
“In just the first week of 2008, we’re proud to welcome Humax to the long and distinguished roster of MMP licensees,” said Jim Turley, president and CEO of Patriot Scientific. “The company’s products are ubiquitous and user-friendly, and I like to think that our technology played a part in that success.”
“The MMP Portfolio Licensing Program continues its rapid growth, with Humax being the tenth new licensee in just the past month,” said Rick Schutte, vice president of Intellectual Property for Alliacense, Patriot’s exclusive licensing partner. “Licensing activity has increased dramatically in the past month, most likely due to the successful Markman ruling and its settlement with the remaining defendants in the MMP patent infringement case in Texas.”
The sweeping scope of applications using MMP Portfolio design techniques continues to encourage the world’s leading manufacturers of end-user products from around the globe to become MMP Portfolio licensees. Since January 2006 more than 30 global companies from the U.S., Europe, Japan, Korea and Taiwan have purchased MMP Portfolio licenses.
About Humax
From its headquarters in Korea, Humax Corporation, Ltd. is engaged in the manufacture and distribution of various digital consumer electronics products. Humax is widely known for its broad range of digital set-top box products supporting satellite, cable, terrestrial and IPTV infrastructures. Humax also offers LCD television and satellite radio products. Finally, Humax provides technical support and software download services. For more information on Humax, visit www.humaxdigital.com.
About Patriot Scientific
Patriot Scientific is a leading intellectual-property licensing company that develops, markets, and enables innovative technologies that satisfy the demands of fast-growing markets for wireless devices, smart cards, home appliances, network gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices, industrial controllers and more. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.ptsc.com.
An investment profile on Patriot Scientific may be found at http://www.hawkassociates.com/ptscpr... . 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. To receive free e-mail notification of future releases for Patriot Scientific, sign up at http://www.hawkassociates.com/email.... .
About the MMP Portfolio
The Moore Microprocessor Patent Portfolio contains intellectual property that is jointly owned by publicly held Patriot Scientific Corporation (OTCBB:PTSC) and the privately held TPL Group. The MMP Portfolio includes seven U.S. patents as well as their European and Japanese counterparts. It is widely recognized that the MMP Portfolio protects fundamental technology used in microprocessors, microcontrollers, digital signal processors (DSPs), embedded processors and system-on-chip (SoC) devices. Manufacturers of microprocessor-based products can learn more about how to participate in the MMP Portfolio Licensing Program by contacting: mmp-licensing@alliacense.com.
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 coalition of high technology enterprises involved in the development, management and commercialization of proprietary product technologies as well as the design, manufacture and sales of proprietary products based on those technologies and corresponding 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 is a trademark of Patriot Scientific Corporation. All other trademarks belong to their respective owners.
For Patriot Scientific, Carlsbad
Media Relations:
The Hoffman Agency
John Radewagen, Vice President, Corporate Communications
408-975-3005 or 408-219-9199 (mobile)
jradewagen@hoffman.com
or
Patriot Scientific Investor Relations:
Hawk Associates
Frank Hawkins or Ken AuYeung, 305-451-1888
or
TPL/Alliacense Media Relations:
Shawn Clark, 408-446-4222
shawnc@tplgroup.net