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News: Patriot Scientific Corporation Announces Key New Agreement

PR Newswire
Patriot Scientific Corporation
29 minutes ago

CARLSBAD, Calif., July 28, 2014 /PRNewswire/ -- Patriot Scientific Corporation (PTSC) today announced that Phoenix Digital Solutions (PDS), Patriot's joint venture that aggregates the ownership interests in the Moore Microprocessor Patent (MMP) PortfolioTM, has entered into an agreement with Alliacense, LLC. The agreement settles all outstanding disputes between PDS and Alliacense and provides for the addition of a second company to complement Alliacense in securing licenses to the MMP Portfolio.

"We are extremely satisfied with the terms of the agreement which establishes important performance goals and incentives for Alliacense, while increasing our reach and opportunities for success by providing for the retention of a second licensing agent," stated Carlton Johnson, Patriot Board member and its appointee to the PDS Management Committee.

In June Patriot announced that PDS reaffirmed representation by Agility IP Law, LLP in pursuit of MMP Portfolio infringers. "We believe the developments from today's announcement are well suited to augment and further leverage the services of Agility. With the recent addition of Arocklyaswamy (Swamy) Venkidu as my new counterpart on the PDS Management Committee, I'm looking forward to a renewed and productive working relationship at PDS," added Mr. Johnson.

About Patriot Scientific Corporation

http://finance.yahoo.com/news/patriot-scientific-corporation-announces-key-123000851.html