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Friday, February 10, 2006 12:21:06 PM
Complete Information on an aggressive pps growth stock
http://www.americanmicrocaps.com/ptsc/
Patriot Scientific is an intellectual property company established to develop and market innovative and proprietary semiconductor technologies. The company owns a portfolio of patents that encompass fundamental microprocessor technologies and includes additional patents pending. The company's strategy is to exploit its microprocessor technologies through product sales, licensing and strategic alliances. The company also intends to litigate against those infringing on its patents.
SAN DIEGO--(Business Wire)--Feb. 10, 2006--
Patriot Scientific Corporation (OTC Bulletin Board:
PTSC.OB) -- a high-tech intellectual properties company that
specializes in developing and licensing high-performance ultra-low power microprocessor technology -- today announced that it has entered into agreements to reorganize its relationship with Lincoln Ventures, LLC ("Lincoln") and Swartz Private Equity, LLC ("Swartz") to benefit the Company and its retail shareholders. The agreements, which are subject to Board approval, provide for the following:
-- Lincoln and Swartz will immediately convert their remaining
convertible debentures of the Company, following which the
Company will not have any debt on its balance sheet.
-- The Company will have the right to redeem up to 20 million
warrants owned by Lincoln and Swartz.
"During the past 12 months the Company has undergone significant changes in management and operating strategy and is now in a favorable cash position as a result of licensing revenues related to our patent portfolio that is jointly owned with the TPL Group. "
Patriot Scientific received licensing revenues of $13 million in 2005. The Company received distribution of an additional $10 million in January of 2006 as a result of a license transaction with systems manufacturer HP regarding Patriot's jointly owned patent portfolio.
About Patriot Scientific
Patriot Scientific (OTC Bulletin Board: PTSC.OB) has emerged as an effective and dynamic intellectual property licensing 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.
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 ww.hawkassociates.com and www.americanmicrocaps.com.
An investment profile on Patriot Scientific may be found at http://www.hawkassociates.com/patriot/profile.htm.
Founded in 1987 with DOD applicable technologies, Patriot Scientific developed a 32-bit unique microprocessor architecture in 1994 that evolved into the IGNITE™ family of microprocessors, the industry's smallest and most powerful 32-bit RISC microprocessor devices.
Fundamentally Different Technology
The company's technology is fundamentally different from other microprocessors because it employs the combined features from both register and stack designs creating an architecture that improves performance for a wide range of embedded applications.
Due to its innovative and simplistic design, PTSC's technology enables manufacturers to replace less efficient control devices, add functionality and reduce cost. These applications also enable manufacturers of cell phones, smart cards, remote controls, appliances, portable computers and devices, motor controls, automotive systems and many others to differentiate their products.
http://www.americanmicrocaps.com/ptsc/
Patriot Scientific is an intellectual property company established to develop and market innovative and proprietary semiconductor technologies. The company owns a portfolio of patents that encompass fundamental microprocessor technologies and includes additional patents pending. The company's strategy is to exploit its microprocessor technologies through product sales, licensing and strategic alliances. The company also intends to litigate against those infringing on its patents.
SAN DIEGO--(Business Wire)--Feb. 10, 2006--
Patriot Scientific Corporation (OTC Bulletin Board:
PTSC.OB) -- a high-tech intellectual properties company that
specializes in developing and licensing high-performance ultra-low power microprocessor technology -- today announced that it has entered into agreements to reorganize its relationship with Lincoln Ventures, LLC ("Lincoln") and Swartz Private Equity, LLC ("Swartz") to benefit the Company and its retail shareholders. The agreements, which are subject to Board approval, provide for the following:
-- Lincoln and Swartz will immediately convert their remaining
convertible debentures of the Company, following which the
Company will not have any debt on its balance sheet.
-- The Company will have the right to redeem up to 20 million
warrants owned by Lincoln and Swartz.
"During the past 12 months the Company has undergone significant changes in management and operating strategy and is now in a favorable cash position as a result of licensing revenues related to our patent portfolio that is jointly owned with the TPL Group. "
Patriot Scientific received licensing revenues of $13 million in 2005. The Company received distribution of an additional $10 million in January of 2006 as a result of a license transaction with systems manufacturer HP regarding Patriot's jointly owned patent portfolio.
About Patriot Scientific
Patriot Scientific (OTC Bulletin Board: PTSC.OB) has emerged as an effective and dynamic intellectual property licensing 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.
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 ww.hawkassociates.com and www.americanmicrocaps.com.
An investment profile on Patriot Scientific may be found at http://www.hawkassociates.com/patriot/profile.htm.
Founded in 1987 with DOD applicable technologies, Patriot Scientific developed a 32-bit unique microprocessor architecture in 1994 that evolved into the IGNITE™ family of microprocessors, the industry's smallest and most powerful 32-bit RISC microprocessor devices.
Fundamentally Different Technology
The company's technology is fundamentally different from other microprocessors because it employs the combined features from both register and stack designs creating an architecture that improves performance for a wide range of embedded applications.
Due to its innovative and simplistic design, PTSC's technology enables manufacturers to replace less efficient control devices, add functionality and reduce cost. These applications also enable manufacturers of cell phones, smart cards, remote controls, appliances, portable computers and devices, motor controls, automotive systems and many others to differentiate their products.
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