Friday, October 24, 2014 Last update: 11:03 AM
FreshNews.com - Covering Large & Obscure Tech Companies Since 1996

Patriot Scientific Welcomes Philips to List of Microprocessor Patent Licensees

Companies mentioned in this article: Patriot Scientific Corporation - Broadcom Corporation

Patriot Scientific (OTCBB:PTSC) announced today that Royal Philips Electronics has purchased a Moore Microprocessor Patent™ (MMP) Portfolio license. Philips becomes the 23rd MMP licensee in as many months and the third major European company to purchase a license following Schneider Electric and Nokia Corporation.

“We welcome the expansion of our program with Philips, a proven worldwide leader in medical equipment and consumer electronics. This agreement further validates the strength and broad scope of the MMP Portfolio,” said Andre-Pascal Chauvin, vice president of licensing for Alliacense, Patriot Scientific Corporation’s licensing partner.

“It’s pretty common to see the pace of deals pick up as a trial approaches,” said Mike Davis, senior vice president, licensing. “A number of major businesses that have been following the case closely needed a little time to evaluate the recent Markman ruling, and are now moving to capture licenses at current prices and avoid significantly higher royalty rates following trial.”

“Other developments we’re watching with interest include mounting pressure from retailers on product manufacturers to resolve patent-infringement issues expeditiously and avoid major market disruptions that could result from injunction or ban on imports,” continued Davis. “This issue was highlighted recently in Broadcom v. Qualcomm ITC case, which placed a ban on the import of new mobile handsets and led Verizon Wireless to step in and resolve the matter on its own.”

The sweeping scope of applications using MMP design techniques continues to encourage manufacturers of end-user products from around the globe to become MMP licensees. Since January 2006 more than twenty companies including Hewlett Packard, Sony, Casio, Fujitsu, Nikon, Seiko Epson, Pentax, Olympus, Kenwood, Agilent, Lexmark, Schneider Electric, NEC Corporation, Funai Electric, SanDisk, Sharp Corporation, Nokia, Bull, LEGO and Denso Wave have all purchased MMP Portfolio licenses.

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands is a global leader in healthcare, lifestyle and technology, delivering products, services and solutions through the brand promise of “sense and simplicity.” Headquartered in the Netherlands, Philips employs approximately 125,800 employees in more than 60 countries worldwide. With sales of EUR 27 billion in 2006, the company is a market leader in medical diagnostic imaging and patient-monitoring systems, energy-efficient lighting solutions, personal care and home appliances, as well as consumer electronics. News from Philips is located at http://www.philips.com/newscenter.

About Patriot Scientific

Patriot Scientific is a leading intellectual-property licensing company that develops, markets, and enables innovative technologies that satisfy the demands of fast-growing markets for wireless devices, smart cards, home appliances, network gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices, industrial controllers and more. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.ptsc.com.

An investment profile on Patriot Scientific may be found at http://www.hawkassociates.com/ptscprofile.aspx. 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. To receive free e-mail notification of future releases for Patriot Scientific, sign up at http://www.hawkassociates.com/email.aspx.

About the MMP Portfolio

The Moore Microprocessor Patent (MMP) Portfolio contains intellectual property that is jointly owned by the privately held TPL Group and publicly held Patriot Scientific Corporation (OTCBB:PTSC). The portfolio includes seven U.S. patents as well as their European and Japanese counterparts. It is becoming widely recognized that these patents protect fundamental technology used in designing microprocessors, microcontrollers, digital signal processors (DSPs), embedded processors and system-on-chip (SoC) devices. The MMP portfolio is exclusively managed by Alliacense, a TPL Group Enterprise.