PTSC news, how high this news can raise the price? We'll see.
MMP Patent Portfolio Licensing Agreement with Fujitsu; Revenue from
Distribution Will Fund Unprecedented 2nd 2006 Dividend, to be Paid April 24
CARLSBAD, Calif.--(BUSINESS WIRE)--April 5, 2006--
Patriot Scientific Corporation (OTC Bulletin Board: PTSC) today announced
that it has received its share of the distribution of proceeds from a licensing
payment made by Fujitsu Limited - announced last month as the latest global
system manufacturer to purchase a license to use intellectual property
protected by the Moore Microprocessor Patent(TM) (MMP) Portfolio. The amount
will be used to fund Patriot Scientific's second shareholder dividend of 2006,
which will be issued on April 24 to shareholders of record as of March 31,
2006. Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio,
which is being exclusively managed by Alliacense, a TPL Group enterprise.
"This distribution to Patriot Scientific substantially increases our
pre-dividend cash position and represents another significant milestone in our
ongoing effort to realize the monetary value of our portfolio for the benefit
of our Company and ultimately our shareholders," said Chairman and CEO David H.
Pohl. "It not only provides funding for our second dividend to shareholders in
two months - it also represents further validation of our dramatic transition
as a company within just the past year. Patriot has changed from formerly being
a small, promising yet profitless microprocessor company to one now rapidly
receiving recognition as the co-owner of what our advisors tell us is a highly
valuable patent portfolio of ubiquitous high-tech intellectual property."
Patriot's first-ever cash dividend of $0.02 per share was issued to
shareholders on March 22, 2006. Patriot's second dividend pay-out - $0.04 per
share - will be issued on April 24.
"Even a single dividend is considered virtually unprecedented for microcap
firms, particularly companies such as Patriot Scientific that are focused on
microprocessor technologies," Pohl pointed out. "There are no other examples we
are aware of in which a microcap has issued two dividends within a single
quarter -- which is the way our Board of Directors has currently chosen to
share the early fruits of our patent portfolio licensing strategy with our
shareholders."
In striking this breakthrough licensing agreement for the MMP Portfolio as
announced in March, 2006, systems manufacturer Fujitsu joined Casio,
Hewlett-Packard, Intel and AMD in licensing Patriot's core patents, which
impact virtually every microprocessor manufactured since 1994.
The broad range of system-level digital products exploiting MMP Portfolio
design techniques - in addition to computers and related hardware - includes
consumer electronic products ranging from televisions, digital cameras and
portable music players, high-tech medical equipment, office automation
products, aerospace and even automotive electronics systems. All of these
products are designed with multiple semiconductor devices that use MMP
Portfolio technologies.
"It is on this basis, although no assurances can be given, that Patriot
anticipates receiving its share of proceeds from further licensing agreements
with major technology manufacturers that our contract licensing team is working
to achieve in 2006 and succeeding years while the patents remain enforceable,"
Pohl said.
About the MMP Portfolio
The patent portfolio, marketed as the Moore Microprocessor Patent(TM)
Portfolio, contains intellectual property that is jointly owned by publicly
held Patriot Scientific Corporation and the privately held TPL Group. The
portfolio encompasses seven U.S. patents as well as their European and Japanese
counterparts. Both TPL and Patriot assert that their jointly owned patents
protect techniques used in designing microprocessors, microcontrollers, Digital
Signal Processor (DSPs), embedded processors and System-on-Chip (SoC)
implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL
Group enterprise.
About Patriot Scientific
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