CARLSBAD, Calif., Oct. 3, 2013 /PRNewswire/ -- Patriot Scientific
Corporation (OTC: PTSC) announced today that it has won its patent
infringement lawsuit against HTC Corporation. In litigation
before the United States District Court for the Northern District
of California, HTC was found to
infringe multiple claims within Patriot's US 5,809,336
patent. The '336 patent is one of several patents that are
part of a larger portfolio held by Patriot, known as the Moore
Microprocessor Patent (MMP) Portfolio™.
"This represents an extraordinary victory and vindication for
the '336 patent and sends a strong signal to the marketplace that
infringers of the MMP portfolio will be held accountable for their
actions," stated Cliff Flowers,
Patriot's Interim Chief Executive Officer. "In addition to
our victory over HTC in U.S. District Court, the MMP portfolio has
survived 17 re-examination challenges before the USPTO. The
MMP portfolio has near universal applicability in microprocessor
design and companies utilizing this technology should take note of
our successes at the USPTO and in court."
"We are gratified that the jury correctly decided that HTC's
accused products infringe the '336 patent," stated lead trial
attorney Jim Otteson of Agility IP
Law, LLP. "We know that microprocessor technology can be
daunting for lay people to understand, but the jury obviously
worked hard to come to the right decision. And we also know
that many other companies' products (and many other HTC products
not at issue in this case) work the same way as HTC's infringing
products. So that should give everyone something to think
about."
Patriot's win against HTC comes after a protracted legal battle
that was initiated in 2008. There are additional proceedings
in U.S. District Court, currently stayed, alleging infringement of
the '749, '890 and '336 patents against Barnes & Noble Inc.,
Garmin Ltd., Huawei Technologies Co. Ltd., LG Electronics, Nintendo
Co. Ltd., Novatel Wireless Inc., Samsung Electronics Co. Ltd., and
ZTE Corporation.
"On behalf of Patriot's Board I wish to give recognition to our
legal teams and express our thanks for their extraordinary efforts
and competence. Most importantly, however, we wish to express
our gratitude for the perseverance of our long-standing
shareholders who have patiently waited for this day. While
there will certainly be additional obstacles to confront and
overcome, we look forward to this win as a step towards fulfilling
our plans to increase Patriot's value and facilitating
opportunities to return consideration to our shareholders," added
Mr. Flowers.
About Patriot Scientific Corporation
Headquartered in Carlsbad,
California, Patriot Scientific Corporation is the co-owner
of the Moore Microprocessor Patent Portfolio™. For more information
on PTSC, visit www.ptsc.com.
About the MMP Portfolio™
The MMP Portfolio includes US patents as well as their European
and Japanese counterparts, which cover techniques that enable
higher performance and lower cost designs essential to consumer and
commercial digital systems ranging from PCs, cell phones and
portable music players to communications infrastructure, medical
equipment and automobiles.
Safe Harbor Statement: Statements herein which are not purely
historical, including statements regarding Patriot Scientific
Corporation's intentions, hopes, beliefs, expectations,
representations, projections, plans or predictions of the future
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements involve risks and uncertainties including, but not
limited to, the risk that the recently filed actions and litigation
strategy may not be successful and the risks and uncertainties
relating to the future of our MMP joint-venture. It is
important to note that the company's actual results could differ
materially from those in any such forward-looking statements.
Factors that could cause actual results to differ materially
include, but are not limited to, risks and uncertainties associated
with the effect of changing economic conditions, trends in the
products markets, variations in the company's cash flow, market
acceptance risks, patent litigation, technical development risks,
and seasonality. Our business could be affected by a number
of other factors, including the risk factors listed from time to
time in the company's SEC reports including, but not limited to,
the annual report on Form 10-K for the year ended May 31, 2013. The company cautions investors not
to place undue reliance on the forward-looking statements contained
herein. Patriot Scientific Corporation disclaims any obligation,
and does not undertake to update or revise any forward-looking
statements made herein.
Contact:
Patriot Investor Relations
ir@ptsc.com
760-547-2700
SOURCE Patriot Scientific Corporation