tech24.org

Shares of Patriot Scientific Corp. (OTC: PTSC), an intellectual property licensing company owning various patents covering the design of microprocessor chips, surges in Thursday’s opening trading session. At last check the stock is 2.29% higher at $0171.

The penny stock of PTSC ended Wednesday 14.09% higher at $0.170.

PTSC is the co-owner of the Moore Microprocessor Patent Portfolio™ (MMP™). The MMP portfolio includes seven U.S. patents as well as their European counterparts. The patents cover techniques that allow higher performance and lower cost designs essential to consumer and commercial digital systems ranging from PCs, cell phones and portable music players to communications infrastructure, medial equipment and automobiles.

Last month, PTSC announced that Pentair Inc., a diversified industrial company offering innovative, sustainable solutions to customers across the world, bought an MMP Portfolio license.

Automaker Ford Motor Company (NYSE: F) also purchased an MMP Portfolio license last month.

Last month, Patriot Scientific also announced that MMP Portfolio Licensing Program is being further improved with a first wave of aggressive ITC enforcement activities. PTSC, along with Technology Properties Limited (TPL), filed a complaint with the U.S. International Trade Commission (ITC) against 13 companies believed to be infringing the MMP Portfolio patents. A corresponding complaint has also been filed in the U.S. District Court for the Northern District of California.

The 13 companies named in the complaint are Acre Inc., Amazon.com Inc. (NASDAQ: AMZN), Barnes & Noble Inc. (NYSE: BKS), Garmin Ltd. (NASDAQ: GRMN), HTC Corporation, Huawei Technologies Co. Ltd., Kyocera Corporation, LG Electronics, Nintendo Co. Ltd., Novatel Wireless Inc., Samsung Electronics Co. Ltd., Sierra Wireless Inc., and ZTE Corporation.

PTSC has adopted a three-pronged strategy to stop patent infringement. This includes filing a complaint with U.S. ITC seeking an Exclusion Order prohibiting the importation of unlicensed products, taking parallel actions in U.S. District Court seeking damages for past infringement that includes past unpaid royalties plus interest on those royalties, and finally the pursuing injunctions in both the U.S. District Court and the ITC barring the sale of infringing products in the U.S.