CARLSBAD, Calif., Feb. 20 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (BULLETIN BOARD: PTSC) confirmed today that Funai Electric Co., Ltd. has purchased a Moore Microprocessor Patent(TM) (MMP) Portfolio license. Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense, a TPL Group enterprise, exclusively manages.
Funai manufactures products for its own well-known brands such as Sylvania and Emerson as well as for several of the world's largest retailers and even competitors. It is the 14th company to join the distinguished roster of global manufacturers that have captured early-mover MMP licensing berths in specific industry segments since January 2006. Alliacense again confirmed that subsequent licensees in segments where early tiers have been secured are subject to progressively higher royalty rates on relevant products.
The intellectual property assets protected by the MMP Portfolio encompass fundamental design techniques that enable higher performance and lower cost digital electronic systems ranging from cell phones and portable music players to communications infrastructure and medical equipment as well as automobiles, which today utilize dozens of microprocessors.
"As a co-owner of the MMP Portfolio we are pleased to welcome Funai to the growing family of companies participating in the formative stage of the MMP Portfolio Licensing Program," said David Pohl, Chairman and CEO of Patriot Scientific Corporation. He noted that HP, Casio, Fujitsu, Sony, Nikon, Seiko Epson, Pentax, Olympus, Kenwood, Agilent, Lexmark, Schneider Electric and NEC Corporation have purchased MMP Portfolio licenses in the past 13 months. Intel and AMD are also licensees.
Pohl noted that the strong momentum of the licensing program validates the decision by Patriot's Board of Directors in June 2005 to shift the company's primary business model from manufacturing and marketing products to a model currently focused on licensing their joint venture MMP patent portfolio. He emphasized that Patriot Scientific invested millions of dollars and hundreds of thousands of man-hours over 12 years or more developing and bringing to market products based upon the company's intellectual property, including IP contained in the MMP Portfolio.
"We have already embarked upon our plan for the future of Patriot Scientific by seeking and evaluating opportunities to add to and diversify our revenue stream by acquiring other companies and technologies, entering into joint ventures, developing and marketing new proprietary products or technologies, or a combination of any of those alternatives," said Pohl. He further added that he expects to issue a letter to Patriot shareholders within the coming week summarizing events of 2006 as well as an update on recent developments and plans for the next meeting of shareholders.
About Funai Electric Co., Ltd.
Funai Electric Co., Ltd., established in 1961, is headquartered in Osaka, Japan and is listed in the Tokyo Securities Exchange First Section (6839). Funai Corporation is the North American sales and marketing company for consumer electronic products manufactured by Funai Electric under the brand names of SYLVANIA, SYMPHONIC, FUNAI, and EMERSON. For more information on the Funai group, please visit http://www.funaiworld.com/.
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 also be found at http://www.hawkassociates.com/ and http://www.americanmicrocaps.com/. An investment profile on Patriot Scientific may be found at http://www.hawkassociates.com/ptscprofile.aspx.
About the Patent Portfolio
The patent portfolio, marketed as the Moore Microprocessor Patent(TM) Portfolio, 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 fundamental to the design of modern microprocessors, microcontrollers, Digital Signal Processors (DSPs), embedded processors and System-on-Chip (SoC) implementations.
About Alliacense
Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of Intellectual Property (IP) 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 IP portfolios. Founded in 1988, The TPL Group has emerged as a global coalition of high technology enterprises involved in the development, management and commercialization of IP assets as well as the design, manufacture and sales of proprietary products based on these same IP assets. 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, patent litigation, 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). PTSC and Ignite are trademarks of Patriot Scientific Corporation. All other trademarks belong to their respective owners.
CONTACTS:
Patriot Investor Relations: Hawk Associates, Frank Hawkins or Ken AuYeung (305) 451-1888
Patriot Media Relations: The Hoffman Agency, John Radewagen, (408) 975- 3005
Alliacense Media Relations: Tom Rigoli, Mindpik, (650) 969-5986
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