CARLSBAD, Calif., April 14, 2015 /PRNewswire/ -- Patriot
Scientific Corporation (OTCQB: PTSC) today announced it has filed
its Report on Form 10-Q with the U.S. Securities and Exchange
Commission for the quarterly period ended February 28, 2015. The Report can be found
on the SEC's website at
http://www.sec.gov/cgi-bin/browse-edgar.
As disclosed in our quarterly filing, Agility IP Law, LLP,
patent litigation counsel for the assertion of the Moore
Microprocessor Patent (MMP) Portfolio™, has advised us that their
firm is in the process of dissolution. As a result, Phoenix
Digital Solutions, the joint-venture entity representing our
interests in the MMP Portfolio, has hired the firm of Nelson Bumgardner, P.C. to take over as lead
trial counsel in the current cases before the United States
District Court for the Northern District of California in continuing to protect our
intellectual property rights. "We are very pleased to
represent PDS in the current actions and look forward to bringing
about successful resolutions for all the MMP Portfolio's
stakeholders," stated Barry
Bumgardner.
As a reminder, the Annual Meeting of Stockholders of Patriot
Scientific Corporation is scheduled for April 30, 2015, at 10:00
AM Pacific Time. The meeting will be conducted in a virtual
format, with participation available via the Internet. Instructions
for attending the meeting have been included in Patriot's proxy
materials distributed to all stockholders of record as of the close
of business on March 6, 2015.
A unique control number provided in the proxy materials will
allow stockholders access to the virtual meeting on April 30, 2015. We encourage stockholders to
visit www.proxyvote.com where shares can be voted and questions can
be submitted via the Stockholder Forum.
We look forward to your participation.
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 risks and uncertainties relating to the future of
our MMP joint-venture and the licensing and litigation strategies
employed by the 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 quarterly report on Form
10-Q for the period ended February
28, 2015, and 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
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SOURCE Patriot Scientific Corporation