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

Posted on: Monday, March 16th, 2009
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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.

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Category: OTCBB, Technology Stocks
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