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Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.
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2008-11-10
Patriot Scientific's Board of Directors Confirms Rick Goerner as President/CEO
CARLSBAD, Calif.--(BUSINESS WIRE)--Patriot Scientific (OTCBB: PTSC) today announced that the Board of Directors has confirmed Rick Goerner's position as its President and CEO.
Mr. Goerner was appointed interim President and CEO on February 29, 2008.
"Patriot is happy to report that it has given Rick Goerner the permanent title of Chief Executive officer. After serving as Patriot's interim for the past nine months, the Board is pleased to have Rick on board as permanent CEO," said Carl Johnson, Chairman of Patriot Scientific's Executive Committee. "We look forward to Rick's talent, experience and drive bringing forth an expansion of new growth and success for Patriot Scientific."
"I am pleased with the decision of the Board and look forward to continuing our progress in transitioning Patriot Scientific to an operating company. We are making good progress in our merger and acquisition strategy in data sharing and secure data networking technology that we expect will result in future revenue growth and profitability, for our investors. We have a strong balance sheet, no debt and our market liquidity is good. Our joint ownership of the MMP™ Portfolio (key patents covering the design of microprocessor chips which are used throughout the world in products ranging from computers and cameras to printers and automobiles) continues to generate license revenues too. I am very bullish about Patriot's future and I appreciate the confidence shown in me and our management team by our Board," said Mr. Goerner.
Mr. Goerner has extensive experience as an operating manager and CEO with technology companies on a global scale. He served as President and COO of the Storage Products Group of Texas Instruments, formerly Silicon Systems, a one billion dollar supplier of mixed signal and analog ICs for the hard disk drive market. Previously, Mr. Goerner served as President and CEO of TransDimension Inc., an Irvine, California based, venture-financed, technology start-up company providing embedded Universal Serial Bus (USB) silicon and software solutions to a global customer base.
About Patriot Scientific Corporation
About Patriot Scientific Corporation
Headquartered in Carlsbad, California, Patriot Scientific Corporation provides data sharing and secure data solutions for a connected world. Patriot Scientific has recently embarked on an aggressive business expansion initiative complementing its recent acquisition of data sharing software provider, Crossflo Systems Inc. Patriot is evaluating full M&A and minority investments in early-stage technology companies in the data sharing software and secure networking technology sectors. These investments are funded with revenues generated, in a large part, from the continuing successful Moore Microprocessor Patent™ Portfolio licensing partnership with The TPL Group. Patriot Scientific's integrated core intelligence solution addresses the critical data/information sharing needs of the healthcare industry, the Department of Homeland Security, the Department of Justice, and federal, state, and local public safety and law enforcement agencies. 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.
Contact: Patriot Scientific Corporation
Angela Hartley, 760/547-2700 ext. 102
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