Re: NEWS NEWS ,RG apointed President/CEO
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Nov 10, 2008 03:11AM
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.