28.02.2008 21:00:00
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Citizen Becomes Newest Microprocessor Patent Licensee
Patriot Scientific (OTCBB:PTSC) announced today that Citizen Holdings
Co., Ltd. has purchased a Moore Microprocessor Patent™
(MMP) Portfolio license from The TPL Group, Patriot Scientific’s
exclusive commercialization partner. With its headquarters in Saitama,
Japan, Citizen manufactures and sells a broad range of industry-leading
products including watches and industrial machinery, as well as
information and electronic equipment.
"Citizen is our third MMP Portfolio licensee
in just the past week, and we are excited by the momentum,”
said Joe Minville, vice president of licensing for Alliacense. "Through
this agreement Citizen has resolved a significant financial exposure as
well as removed the possibility of supply chain disruptions for itself
and its customers.” "I’m pleased to
welcome another well-known consumer and industrial company to the ranks
of MMP licensees,” said Jim Turley, Patriot
Scientific’s president and CEO. "It
underscores the valuable and broadly useful nature of our microprocessor
technology.”
The sweeping scope of applications using MMP Portfolio design techniques
continues to encourage the world’s leading
manufacturers of end-user products from around the globe to become MMP
Portfolio licensees. More than 40 global companies from the U.S.,
Europe, Japan, Korea and Taiwan have licensed the MMP Portfolio
technologies.
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 Citizen Holdings Co., Ltd.
Citizen Holdings Co., Ltd., formerly Citizen Watch Co., Ltd., is a
Japan-based company that manufactures and sells a variety of products
across several business segments. Citizen’s
Watch products include analog and digital watches, wristwatch interior
and exterior components, and clocks. The company’s
Electronic Device business unit provides liquid crystal display (LCD)
devices, electronic viewfinders and other products. Products from the
Electronic Machinery business unit include printers, electronic
thermometers, and calculators. The Industrial Machinery segment provides
automatic lathes, robots, machine tools, and measuring equipment. For
more information, visit http://www.citizen.co.jp/english/.
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.
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 is a trademark of Patriot
Scientific Corporation. All other trademarks belong to their respective
owners.
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