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Author Topic: PTSC Running on news
kywee
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look at 10q
Posts: 2329 | From: MD | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
permanentjaun
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Wonder why it's not moving more. Patent agreements with INTEL


SAN DIEGO--(BUSINESS WIRE)--Nov. 3, 2005--
During Patriot Scientific Corporation's (OTC Bulletin
Board: PTSC.OB) Q1 of 2006 - a period ending August 31, 2005 - the
Company entered into a $10 million dollar licensing agreement with
Intel Corporation (NasdaqNM: INTC) to provide Intel with licensed
access to Patriot's suite of patents. These patents represent the
fundamental core technology behind virtually every microprocessor
manufactured since 1995, according to statements made in Patriot's
most recently-issued 10-Q. Earlier in 2005, Patriot Scientific had
previously licensed this same technology to AMD (NYSE:AMD). With the
signing of these licenses, which resulted in aggregate revenues of
approximately $13 million, Patriot does not need to rely upon equity
and other types of financing to fund its operations - as it has in the
past.
These licensing agreements were largely responsible for Patriot's
most profitable quarter ever - in Q1 2006, Patriot generated more than
$10.01 million dollars in revenue, and closed the quarter with a net
income of $4.44 million dollars. Total on-hand cash and cash
equivalents at the end of the quarter amounted to $9.47 million
dollars, with $5.97 million available for use in operations.
"We believe these agreements represent continued legal and
marketplace validation of Patriot's position that our patented
intellectual property has been - and is being - infringed upon by
major microprocessor manufacturers, as well as by their OEM clients,"
explained Patriot's Chairman, CEO and President David Pohl. "Based on
current projections, our licensing revenue in Q1 should provide us
with the full level of anticipated operating capital needed to support
our operations during all of FY 2006."
In addition, during Q1 2006, Patriot also entered into a series of
agreements with The TPL Group. The parties formed a joint venture to
facilitate entering into revenue-producing licenses for use of the
powerful, combined portfolio of Patriot Scientific and TPL patented
technology by microprocessor manufacturers and OEM users throughout
the world. The licensing program for the patents, including litigation
when appropriate, will be managed by Alliacense, a core group of
senior TPL Group executives directly responsible for the development
and commercialization of the firm's patent portfolios. Litigation was
recently filed against four major Japanese electronics manufacturers
in a Federal Court in Texas seeking damages for alleged infringement
of the combined Patriot and TPL patented intellectual property. The
broad-based claim cites Fujitsu, Matsu****a, NEC and Toshiba for
direct infringement, contributory infringement, and inducing the
infringement of at least three of the 10 patents in the jointly held
patent portfolio.
Patriot - through the joint venture with TPL - intends to leverage
the recently signed license agreements, using them as a starting point
- an open door expected to lead to additional future revenues from
negotiated licenses with other companies currently infringing on the
technology. "Working through and with the licensing professionals at
TPL, rather than creating and supporting our own in-house licensing
team, makes sense as a prudent way for Patriot to seek and obtain fair
value from the currently unlicensed users of our intellectual
property," Pohl said.
Patriot's patented intellectual property is used in a wide variety
of end-user products including personal computers, servers,
workstations, home theater systems, digital TVs, video games, DVD
Recorders/Players, mobile handsets and automotive electronics. Global
sales of end products deploying chips using technologies protected by
these jointly held patents are estimated to be greater than $200
billion annually. In addition to these licensing and joint venture
operations, Patriot is engaging industry technical and marketing
experts to evaluate Ignite(TM) - the company's small, high-speed,
low-power consumption microprocessor - and Inflame(TM), its dramatic
array microprocessor technology.

About Patriot Scientific

Patriot Scientific (OTC Bulletin Board: PTSC.OB) has emerged as an
effective and dynamic intellectual property company, developing and
marketing innovative and proprietary semiconductor technologies. The
company's portfolio of proprietary designs encompasses what is
believed to be fundamental ultra-low-power array microprocessor
technology, as well as pending patents designed to protect Patriot's
proprietary technology and architecture. Ignite(TM) and Inflame(TM)
are registered marks of Patriot Scientific Corporation.
Detailed information about Patriot Scientific can be found on the
website www.ptsc.com. Copies of Patriot Scientific press releases,
current price quotes, stock charts and other valuable information for
investors may be found at www.hawkassociates.com and
www.americanmicrocaps.com. An investment profile on Patriot Scientific
may be found at http://www.hawkassociates.com/patriot/profile.htm.

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stockvapor
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This is good news....I've been desparately clinging onto this stock for over 6 months. GLTA.

--------------------
"Whether you think that you can, or that you can't, you are usually right." - Henry Ford

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Chas35
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wow thats huge...this should be flying
Posts: 289 | From: Atlanta | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
Chas35
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gapping up 112x114
Posts: 289 | From: Atlanta | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
Chas35
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more gap up 113x119
Posts: 289 | From: Atlanta | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
   

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