CARLSBAD, Calif., Oct. 13, 2014 /PRNewswire/ -- Patriot
Scientific Corporation (OTCQB: PTSC) today announced that its
joint venture Phoenix Digital Solutions (PDS), has entered into an
agreement with Dominion Harbor Group, LLC (DHG) to provide
licensing and enforcement services to the Moore Microprocessor
Patent (MMP) PortfolioTM.
"I am extremely pleased to announce that PDS has engaged
Patriot's selection for an additional licensing company to
represent the MMP Portfolio," stated Cliff
Flowers, Patriot's Interim CEO. "We are excited to
have DHG's world-class talent and depth of experience on our team,
and believe their skills provide an excellent opportunity for the
revitalization of the licensing program."
"In July Patriot announced that PDS had entered into an
agreement paving the way for the engagement of a second company to
secure licenses to the MMP Portfolio," stated Carlton Johnson, Patriot Board member and its
appointee to the PDS Management Committee. "Today's
announcement represents the fulfillment of that important
effort."
"We are excited to help PDS build on the strong licensing
history of the MMP Portfolio," said Dominion CEO David Pridham. "Given its established
value, we call on future licensees to promptly engage in productive
licensing discussions."
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.
About Dominion Harbor Group, LLC
Dominion Harbor Group was founded in 2013 by seasoned legal,
technical, engineering and financial professionals dedicated to the
premise that patents are a sacrosanct and critical component of
the United States and global
commercial marketplaces. The firm's highly specialized and talented
team manages, helps protect and preserve intellectual property
portfolios, maximizes values of patent portfolios through
licensing, helps enforce and defend clients' critical intellectual
property rights, and advises owners and investors in realizing
appropriate value for innovations and risk taking in the patent
market. www.dominionharbor.com
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 current and additional licensing agents
may not be successful in generating licensing revenues or in
implementing the MMP licensing program, 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, 2014. 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 x-102
SOURCE Patriot Scientific Corporation