CARLSBAD, Calif., Sept. 5 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC - News) confirmed today that Olympus Corporation has purchased a license to use the Moore Microprocessor Patent(TM) (MMP) Portfolio. Seven other major system manufacturers have purchased MMP licenses this year, including Casio, Fujitsu, HP, Seiko Epson, Sony, Nikon and Pentax. In addition, AMD and Intel are also licensees.
Olympus Corporation is a precision technology leader, designing and delivering innovative solutions in healthcare and consumer electronics worldwide. Olympus works collaboratively with its customers to leverage R&D investment in precision technology and manufacturing processes across diverse business lines. These include: gastrointestinal endoscopes, accessories and minimally invasive surgical products; advanced clinical and research microscopes; lab automation systems, chemistry-immuno and blood analyzers and reagents; and digital and film cameras, plus digital voice recorders.
Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense, a TPL Group enterprise, exclusively manages. The MMP Portfolio patents, filed in the 1980s, cover techniques that have become essential to consumer and commercial digital systems ranging from DVD players, cell phones and portable music players, to communications infrastructure, medical equipment and automobiles.
"The addition of Olympus marks our eighth MMP licensing agreement this year," said David Pohl, Patriot Scientific chairman and CEO. "With five license agreements signed in the past three months, our MMP licensing program continues to gain considerable momentum, and we have only scratched the surface of the opportunities available with hundreds of licensing candidates."
Patriot Scientific also announced today that board of directors member Jim Turley will be devoting increased attention to technology matters for the company. Turley, formerly editor-in-chief of Embedded Systems Design and currently the editor of Silicon Insider, is the author of seven books and has been editor of the prestigious industry journal Microprocessor Report, where he was three-time winner of the Computer Press Award. He is a frequent speaker at industry events and is often quoted in The Wall Street Journal, The New York Times and the San Jose Mercury News.
A former senior executive at ARC International, where he was responsible for three high-tech acquisitions and a successful IPO, Turley currently serves on several technical advisory boards for high-tech companies in the United States and Europe as well as on the advisory board for the Embedded Systems Conference and The Microprocessor Report. His areas of technology expertise include microprocessor chips, intellectual property, silicon/semiconductor technology, consumer electronics, automotive electronics, video games and consoles, and home/household electronics.
"Jim's increased availability to provide input and assistance based upon his industry experience and expertise will be extremely helpful as we consider additional strategic moves intended to enhance the strength and profitability of our company," Pohl stated.
As Patriot Scientific accumulates capital resulting from licensing revenues, the company is ready to implement the next phase of its strategic plan and is now evaluating possible opportunities to diversify its revenue stream by entering into joint ventures or by acquiring other companies and technologies.
About Patriot Scientific
Patriot Scientific is a leading intellectual property licensing company that develops, markets and enables innovative technologies to address the demands in fast-growing markets such as wireless devices, smart cards, home appliances and gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices and industrial controllers. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.ptsc.com.
Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com. An investment profile on Patriot Scientific may be found at http://hawkassociates.com/ptscprofile.aspx.
About the Patent Portfolio
The patent portfolio, marketed as the Moore Microprocessor Patent Portfolio, contains intellectual property that is jointly owned by the publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processors (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group Enterprise.
Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of intellectual property licensing programs. As a cadre of IP licensing strategists, technology experts and experienced business development/management executives, Alliacense focuses on expanding the awareness and value of TPL's intellectual property portfolios. For more information, visit http://www.alliacense.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, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
Moore Microprocessor Patent, MMP and Alliacense are trademarks of Technology Properties Limited (TPL). All other trademarks belong to their respective owners.
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Alliacense Media Relations
Source: Patriot Scientific Corporation