CARLSBAD, Calif., Jan. 8, 2015 /PRNewswire/ -- Patriot
Scientific Corporation (OTCQB: PTSC) announced today that it has
settled all outstanding litigation with HTC Corporation.
Previously 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. Subsequently HTC
appealed the jury verdict with Patriot filing its own cross
appeals.
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™. In addition to the jury verdict over
HTC in U.S. District Court, the MMP Portfolio has survived
seventeen re-examination challenges before the United States Patent
and Trademark Office. Currently there are additional
proceedings in U.S. District Court, alleging infringement of the
MMP Portfolio™ 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.
"We see this as yet another vindication for the '336 patent and
should serve as a signal to the marketplace that infringers of the
MMP Portfolio will be held accountable," stated Cliff Flowers, Patriot's Interim Chief Executive
Officer. "We believe 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."
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 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 and the
quarterly report on Form 10-Q for the period ended August 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
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SOURCE Patriot Scientific Corporation