PTSC | Patriot Scientific Announces Portfolio License Agreement With Consumer Electronics Leader Audiovox Corporation

Penny Stock News RoundUp

Jul 30, 2008 9:15:00 AM

Copyright Business Wire 2008

Patriot Scientific Corp. (OTCBB: PTSC) today announced that Audiovox Corporation has purchased a Moore Microprocessor Patent(TM) (MMP) Portfolio license from The TPL group, Patriot Scientific's exclusive licensing agent. Audiovox is a leading manufacturer and marketer of mobile and consumer electronics.

The Moore Microprocessor Patent(TM) Portfolio contains intellectual property, including seven U.S. patents and patents in Europe and Japan, jointly owned by Patriot Scientific Corporation (OTCBB: PTSC) and the privately held The TPL Group. The MMP(TM) Portfolio enables enhanced performance in microprocessors, microcontrollers, digital signal processors (DSPs), embedded processors and system-on-chip (SoC) devices.

"Audiovox becomes the third MMP Portfolio licensee announced in the past 30 days," said Rick Goerner, Patriot Scientific President and CEO. "We're pleased that TPL/Alliacense continues to close MMP Portfolio license transactions on a global basis. More than 45 global companies in the U.S., Europe, Japan, Korea and Taiwan have purchased MMP Portfolio licenses, including industry leaders such as Fujitsi, Hewlett Packard, Direct TV, Nokia, Philips, Sony and Robert Bosch.

"The MMP portfolio patents cover techniques that enable higher performance and lower costs. These patents are fundamental to hundreds of microprocessor-based consumer and commercial products from DVD players, mobile phones and portable music players to automobile systems, communications infrastructure and medical equipment," Mr. Goerner said.