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Patriot Scientific and TPL Group Unify Portfolio of Fundamental Microprocessor Patents Tuesday June 7, 7:58 am ET Parties End Ownership Litigation TPL Group to Manage Licensing Program
SAN DIEGO, June 7 /PRNewswire-FirstCall/ -- In a move that will expedite the licensing of a series of fundamental microprocessor patents that are at the heart of a global $200 billion-plus microprocessor end-use market, intellectual properties firms Patriot Scientific (OTC Bulletin Board: PTSC - News) and The TPL Group announced today an agreement to unify their interests in key microprocessor patents originally filed in 1989 and granted in 1998. Under the terms of this agreement, The TPL Group is granted full responsibility and authority for the commercialization and licensing of the unified patents portfolio. This significant joint accord ends years of litigation between Patriot Scientific and The TPL Group over title to the patents. Previously, each corporation had licensed these core technology patents separately. Earlier this year Patriot Scientific had successfully licensed this core technology to AMD (NYSE: AMD - News). Under terms of this new agreement, Patriot Scientific and TPL will receive certain payments in addition to sharing in future revenues generated by a licensing program exclusively implemented by TPL.
This ten-patent portfolio contains core building blocks for today's microprocessor implementation and architecture. Editor of the Gilder Technology Report, Dr. Nick Tredennick, named a Fellow of the IEEE for his contributions to microprocessor design, said, "Chuck Moore's architectural insight is impressive. Over fifteen years ago he conceived designs that appear to be fundamental to modern microprocessor design," adding, "it is likely that a broad range of today's microprocessor-based products rely on concepts described in these patents."
Roger Cook, a senior patent litigator with the highly regarded law firm of Townsend and Townsend and Crew LLP, has been instrumental in licensing the portfolio to one of the world's pre-eminent microprocessor manufacturers. Cook said, "This portfolio appears to be a patent litigator's dream."
TPL and Patriot believe at least three of the ten patents are elemental to virtually every microprocessor design. The three most significant of these patents are as follows:
* U.S. 5,809,336: Clocking CPU and I/O Separately * U.S. 6,598,148: Use of Multiple Cores and Embedded Memory * U.S. 5,784,584: Multiple Instruction Fetch
Both The TPL Group and Patriot Scientific believe these now-unified patents, which were granted in 1998 and which don't expire until 2015, have long been essential to the design of modern high-speed microprocessors. These now-allied firms are now in position to maximize the value of this patent portfolio. Global sales by potential licensees of products applying technologies protected by the jointly owned patents are estimated to be greater than $200 billion annually.
As an active intellectual property company specializing in microprocessor technology, Patriot Scientific retains rights to make and market array microprocessor products and technologies under its current IGNITE(TM) and INFLAME(TM) brands, as well as a range of other products and technologies not utilizing the patents covered by this new agreement.
"This accord represents an important milestone for our company," said Jeff Wallin, president and CEO of Patriot Scientific. "This agreement replaces costly ongoing litigation with a win-win scenario that supports our efforts to license and protect our company's intellectual property on a broader scale. The TPL Group is well-positioned to aggressively license these core technology patents, freeing Patriot Scientific to focus on our equally innovative IGNITE and INFLAME array microprocessor core technologies, as well as other innovations currently in our development pipeline."
TPL Group Chairman Dan Leckrone, reaffirmed his company's longstanding philosophy to encourage cooperation instead of litigation. "Since TPL began managing intellectual property more than 15 years ago, our business strategy has always been driven by relationship building and constructive cooperation. Our agreement with Patriot Scientific is a good example of this strategy at work."
The TPL Group announced that the licensing program for the patents 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.
About The TPL Group
Founded in 1985, Cupertino California-based TPL Group has a solid track record in delivering a complete suite of intellectual property management services. In addition to optimizing IP Portfolio value and protecting assets from infringement, the company is also well versed in converting portfolio value into a maximum cash return for its owner(s). Through Alliacense, a cadre of its senior executives, the TPL Group manages IP Licensing Programs across a broad array of industries.
About Patriot Scientific
Patriot Scientific has emerged as an intellectual property company, developing and marketing innovative and proprietary semiconductor technologies into the fast-growing handheld wireless and smart card markets. The company's portfolio of patents encompasses what is believed to be fundamental microprocessor technology and includes additional patents pending to protect its technology and architecture.
Detailed information about Patriot Scientific can be found on the website http://www.ptsc.com. Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found on the websites http://www.hawkassociates.com and http://www.hawkmicrocaps.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, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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If you read the 8k . 10mill payment coming & 20mill also coming. Deal TPL closed with INtel is worth 200mill. PTSC is getting a payment equal to 10% of the gross , the 8k says that is 20mill more for PTSC.You will all see very soon.
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
We will here very big developments very soon.The game Is on. Isn't it obvious?
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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Hi Bmarley5780, Welcome aboard. This will EASY MONEY !!
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
.174 - .175 Very GOOD entry. I am in at .183
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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PTSC is going to either settle or file suite against a possible 148 companies ... AMD has bought some shares in PTSC and Fujitsu is next and all this translates into additional residual income..... keep in mind last quarter was the 1st profitable quarter ever this could be the stock of the year imo we shall see
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
Thank you Both of You. Now lets see what we have in the next 5 days.
June 22nd is the day.
MMs will undoubtedly play with the PPS to draw more business.
Good Luck
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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quote:Originally posted by Earth_Shaker: Yeh BUT no one is reading.
Earth a lot of us are reading...if the website had a field for "number of views" you'd be suprised at the number of people who view posts but don't post themselves.
Posts: 204 | Registered: Jan 2005
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-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
| IP: Logged |
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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PTSC - Volume Alert http://finance.yahoo.com/q?s=PTSC.OB Patriot Scientific Corporation engages in the development, marketing, and sale of microprocessors, technology for microprocessors, and complementary products, which enable computers and other data processing devices to communicate in the United States.
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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Subject: PTSC .169 alert turning back up Q 10 due next week + more settlement news imo
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
They keep bouncing PTSC off of .17 and I believe that by the days end they will take it through it. That could mean a break out due to the pending Q4 earnings report thats possible on 6/22 and I feel that any comment to shareholders from the new CEO will also feed a run that is IMO iminent!
Good Luck Rick
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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If this number is correct and even if this were the only income for this year, that would mean stock currently trades at only approx. 5 x earnings...a good number indeed !
quote:Originally posted by Earth_Shaker: ALERT $10 MILLION PTSC REVENUE REPORT COMING AT JUNE 22,2005 AFTER MARKET CLOSE
posted
266 million shares is peanuts compared to some of these stocks that have billions !
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
Judgement of $10 million $$ will be announced on Wednesday June 22nd.
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
That is the Buzz. Hope its true. If so Last day to GET-IN for the first SPIKE would be Tuesday morning.
Good LUck
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
Adding to the TPL,Moore, and INTEL settlements.
TPL is working on a settlement with Fujitsu America and will report to the court on the progress of this settlement on or berore 6/29/05 the court filing 6/8/05 follows! _________________________________________________
HENNEMAN & SAUNDERS Intellectual Property Law F. Eric Saunders P O Box 2215 Arnold, CA 95223 Phone: 209 795-6659 Fax: 209 755-2855 ferics@sbcuc.net June 13, 2005
Hon. Saundra Brown Armstrong United States District Court Northern District of California, Oakland Division 1301 Clay Street, South Tower Oakland, CA 94612-5212
Regarding: REPORT PURSUANT TO ORDER OF JUNE 8, 2004 Patriot Scientific Corp. v. Fujitsu Microelectronics America, Inc. et al., C 03-5787 SBA
Dear Judge Armstrong: I represent Charles H. Moore ('' Moore''), Technology Properties Ltd. (''TPL''), and Daniel E. Leckrone (''Leckrone'') (collectively, ''Moore Defendants'') in Patriot Scientific Corp. v. Fujitsu Microelectronics America, Inc. et al., C 03-5787 SBA. In accordance with your order of June 8, 2004 staying the present litigation pending the outcome of Patriot Scientific Corp. v. Charles H. Moore, et al., C-04-0618-JF (''San Jose Lawsuit''), this reports that the Moore Defendants and Patriot Scientific Corp. (''Patriot'') have settled that matter by entry of a Stipulated Judgment, a copy of which is attached hereto.
Also pursuant to the agreement whereby the San Jose Lawsuit was settled, TPL has been granted complete and exclusive authority to enforce and license the US Patent Number 5,809,336 (the '336 patent''), which is the patent-in-suit in the present litigation. Pursuant to that authority, TPL is actively engaged in Settlement negotiations with defendants in the present litigation. To the extent that settlement cannot be reached, TPL will be responsible for further conduct of the present litigation.
As noted in your order of May 19, 2005, on December 20, 2004, the Moore Defendants moved to disqualify Patriot's counsel on the grounds that they improperly retained and communicated with the attorney for the inventors during the prosecution of the '336 patent. On March 8, 2005, Judge Fogel granted in pertinent part the motion to disqualify. Patriot's request for reconsideration was denied by Judge Fogel on March 29, 2005.
On May 19, 2005, Your Honor granted Patriot's counsel's Motion for Leave to Withdraw from the present litigation, and ordered the parties to appear for a telephonic Case Management Conference on Wednesday, July 14, 2005 at 2:45 p.m., and to prepare and file a joint Case Management Conference Statement no later than ten (10) days prior to the Case Management Conference, i.e. no later than June 29, 2005. In accordance with the May 19 order, no later than June 29, 2005, TPL will inform the Court as to the status of settlement negotiations with the current defendants, together with TPL's plans for whatever future conduct of the present litigation may be required. Given TPL's complete and exclusive authority to enforce and license the '336 patent, TPL presently anticipates that it will seek to be substituted for Patriot as plaintiff, if settlements cannot be achieved.
Respectfully submitted,
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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