Patriot Scientific Announces Portfolio License Agreement with Rockwell Automatio
posted on
Oct 02, 2008 12:17PM
--- 16th MMP Technology Licensee in 2008 ---
CARLSBAD, Calif.--(BUSINESS WIRE)--Patriot Scientific Corp. (OTCBB: PTSC) today announced that Rockwell Automation (NYSE: ROK) has purchased a Moore Microprocessor Patent™ (MMP) Portfolio license from The TPL group, Patriot Scientific’s exclusive licensing agent. It is the 16th MMP Portfolio license purchase in 2008 and 51st overall MMP licensee.
Rockwell Automation, Milwaukee, Wisc., which employs approximately 20,000 people and serves customers in more than 80 countries, provides industrial automation control and information which give their manufacturing customers a significant competitive edge.
”We continue to be very impressed with the efforts of The TPL Group / Alliacense in expanding the wide range of industries that purchase an MMP™ license,” said Rick Goerner, Patriot Scientific President and CEO. Industry leaders including Hewlett Packard, Kenwood, Sony, Robert Bosch, Philips, Nokia, DirecTV and Fujitsu are among the global companies that have purchased MMP Portfolio licenses.
The MMP Portfolio patents cover techniques that enable higher performance and lower cost designs. These patents are fundamental to dozens of microprocessor-based key features and benefits in contemporary consumer and commercial products ranging from DVD players, mobile phones and portable music players to automobile systems, communications infrastructure and medical equipment.
About the MMP Portfolio
The Moore Microprocessor Patent Portfolio contains intellectual property that is jointly owned by the privately-held TPL Group and publicly-held Patriot Scientific Corporation (OTCBB: PTSC). 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 Rockwell Automation
Rockwell Automation Inc. (NYSE: ROK) is a leading global provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage in their businesses. The company brings together leading global brands in industrial automation that include Allen-Bradley controls and services, and Rockwell Software factory management software. Headquartered in Milwaukee, Wis., the company employs about 20,000 people serving customers in more than 80 countries. For more information, please visit Rockwell Automation's Web site at www.rockwellautomation.com
About Patriot Scientific Corporation
Headquartered in Carlsbad, California, Patriot Scientific Corporation is a leading intellectual-property licensing company that developed key microprocessor technologies used in myriad wireless devices, smart cards, home appliances, network gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices, industrial controllers and more. Patriot Scientific has recently embarked on an aggressive business expansion initiative based on selective expansion of its IP portfolio, minority investments in early-stage technology companies and full M&A. For more information on Patriot Scientific Corporation, visit: www.ptsc.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.
Patriot Scientific
Angela Hartley, 760/547-2700 ext. 102