Daewoo Electronics Purchases Moore Microprocessor Patent™ Portfolio License
Carlsbad, Calif. – December 3, 2007 – Patriot Scientific Corporation (OTC Bulletin Board: PTSC), announced today that Daewoo Electronics Corporation has purchased a Moore Microprocessor Patent™ (MMP) Portfolio license from The TPL Group. Daewoo Electronics, the first Korean licensee to purchase an MMP license, has operations in more than 40 countries, with regional headquarters in the U.S., Europe, Central America and the Middle East. Daewoo Electronics is the 26th licensee to date.
“Daewoo will benefit significantly by their decisive action to purchase an MMP License,” said Carl Silverman, vice president, Licensing for Alliacense. “Daewoo joins a long and growing list of forward-thinking companies who have been agile enough to secure a significant jump on their competition.”
While the MMP Portfolio Licensing Program has been in place for over two years, 30% of the license purchases have followed the favorable “Markman” ruling issued earlier this summer, confirming the strength of the MMP Portfolio, and enhancing the momentum of the Licensing Program.
The sweeping scope of applications using MMP design techniques continues to encourage manufacturers of end-user products from around the globe to become MMP licensees. Since January 2006 more than twenty companies have purchased MMP Portfolio licenses; they include: Hewlett Packard, Sony, Casio, Fujitsu, Nikon, Seiko Epson, Pentax, Olympus, Kenwood, Agilent, Lexmark, Schneider Electric, NEC Corporation, Funai Electric, SanDisk, Sharp Corporation, Nokia, Bull, LEGO, DMP Electronics, Denso Wave, Philips, TEAC and Daewoo Electronics.