Patriot announced the phase one, “validation phase” agreement, whereby both companies will work exclusively together to commercialize NuPOWER’s extensive portfolio consisting of more than 60 claims covered under four issued and allowed patents. These patents relate to circuitry for a buck converter in Point of Load (POL) products, Network Product Power Management (PM) chipsets for voltage conversion and microprocessor-based system load line regulation. While no financial details of the agreement will be made public, Patriot confirms that the companies will both share in the revenues generated by the licensing efforts, whether from front-end license fees and/or on-going royalties. This initial “validation phase” agreement will focus the two companies on a handful of target customers before proceeding to a broader, full commercialization phase agreement.
“NuPOWER’s IP can substantially improve the regulation of the load line and accuracy of power management performance in next generation microprocessor systems. It offers unique features in POL products that require integrated Field-effect transistors (FETs), combined with creative design approaches to network product PM chipsets for voltage regulation. NuPower’s IP also provides value, and ease-of-use to system designers. The elimination of external FETs, and other external passive components, allows PM designers to drive down overall system costs and improves time to market. The integration of FET technology, coupled with the ability to perform Post Production Trimming, enables designers to meet tighter power specifications and enhances the yields of microprocessor components,” said Tony Tabaian, President of NuPOWER. Tabaian further said, “We have been able to substantiate much of the IP through initial silicon validation, with several devices in volume production through original equipment manufacturer customers. We believe the market for power management ICs combining these features will exceed two billion dollars by 2010.”
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Patriot Scientific has made progress in its due diligence efforts to validate the technology, and business assumptions, to acquire, for cash, nearly 20% of a Silicon Valley developer of mobile networking software to facilitate the transfer of video content to mobile devices. We are on track to complete the transaction by the end of August. Industry projections indicate that video-enabled handsets will increase from under 5% today to more than 70% by 2011. We believe this company has differentiated technology and has recently contracted field trials with several major international carriers that will be launched before the end of 2008. Recently the company demonstrated its ability to download its software at an Asian carrier, going online within one day.
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Be well
