EcoSystem Corporation (ESYM) announces new technology

EcoSystem Corp (OTCBB: ESYM) shares jumped six percent over Tuesday’s closing price after the company announced new technology to be implemented in converting food scrap waste into natural oils for biodiesel feedstock and various specialty chemical applications.

The company introduced MAGFUEL biofuel feedstock model, which employs the use of the Black Soldier Fly to convert food scrap waste. EcoSystem predicts its conversion technology could yield up to 190,000 gallons of crude natural oils per acre of bioreactor surface annually, which far surpasses the 40 gallons of oil per acre annually yielded by soybeans.

At the core of EcoSystem’s bioreactor technology is the use of the Black Soldier Fly, a insect commonly used compost and manure management. The company estimates estimates that 25% of the volume of retail, restaurant, and industrial generated food waste could be converted into Black Soldier Fly larvae. Based upon U.S. 2010 Census data, up to 100 million gallons per year of MAGFUEL(TM) natural oils could be produced and sold to U.S. biodiesel producers using EcoSystem technology.

Glen Courtright, President and CEO of EcoSystem commented “Competitively-priced feedstock has always been a challenge for the biodiesel industry. We are excited to develop this competitively priced, high quality feedstock to the biodiesel industry by diverting food scrap waste from landfills. We are in discussions now with a number of very interested early-adopter partners for co-location of our bioreactor technology.”

EcoSystem plans to market the MAGFUEL into the existing biodiesel industry as a blending agent for lower grade biodiesel feedstocks. The company’s revenue model will be comprised of tipping fees associated with the transfer and processing of scrape waste materials, as well as MAGFUEL and other product sales.

CoroWare (CROE) announces executive management changes

CoroWare, Inc. (OTCBB: CROE) announced today numerous promotions and appointments within the company’s executive team. The company, which specializes in providing communication and automation products and services geared to optimize technology investments of enterprise customers, has appointed Jon Mandrell to Vice President and appointed a seat on the Board of Directors. Furthermore, the Board also made official the Chief Executive Officer position of Lloyd Spencer who has served as interim CEO since January of 2008.

Mandrell, has been and will remain the director of Robotics and Automation for CoroWare Technology, a subsidiary of the corporation. Within his role as director, Mandrell oversaw the design and implementation of the CoroBot and ClassPack product lines, as well as establishing long-term contracts with leading customers.

Chuck House, Chairman of the Board, commented on the recent appointments, “We are pleased to welcome Jon as a member of the Board of Directors of CoroWare. He has shown great dedication to the company over the last three years. In addition, Lloyd stepped up to the plate last year as interim CEO, and we are proud to make his appointment official. Together, he and Jon have been the driving force behind the company’s success and continued growth in spite of the difficulties posed by economic conditions worldwide.”

CoroWare Technologies, Inc., delivers custom engineering services, hardware and software products, and subscription services in North America, Europe, Asia, and the Middle East. It operates in three businesses: CoroWare Business Solutions, Robotics and Automation, and Telepresence.

Patriot Scientific Corp (PTSC) announces new purchase agreement for patent license

Patriot Scientific Corporation (OTCBB: PTSC) touched on a high of twelve cents today, on volume nearly reaching 750,000 shares, after the company announced that Florida-based Roper Industries (NYSE: ROP) has purchased a Moore Microprocessor Patent (MMP) Portfolio license from the TPL Group, Patriot Scientific’s exclusive MMP licensing partner.

Commenting on the recent transaction, Rick Goerner, Patriot Scientific President and CEO, said, “Roper Industries joins an expanding list of global industry leaders, including Nokia, Sharp, Hewlett Packard, Fujitsu, Sony, Robert Bosch and other major corporations that have become MMP licensees within the last three years.”

Covered in the MMP Portfolio patents are techniques that enable higher performance and lower cost microprocessor and microcontroller designs. These techniques and designs are essential to consumer and commercial digital systems ranging from DVD players, cell phones and portable music players to communications infrastructure, medical equipment and automobiles, which today have numerous microprocessor-based features.

Goerner continued, “Roper Industries is a further example of the wide range of products that can benefit from an MMP Portfolio license.”

The Moore Microprocessor Patent Portfolio contains intellectual property that is jointly owned by the privately-held TPL Group and publicly-held Patriot Scientific Corporation (OTCBB: PTSC). The MMP Portfolio includes seven U.S. patents as well as their European and Japanese counterparts. It is widely recognized that the MMP Portfolio protects fundamental technology used in microprocessors, microcontrollers, digital signal processors (DSPs), embedded processors and system-on-chip (SoC) devices.
In the past twelve months, Patriot Scientific shares have shed nearly 80 percent in value, from a high of 56 cents in April 2008 to the current trading price of 12 cents.