Patents expire 2015
posted on
Oct 24, 2010 01:57PM
I stand corrected on an earlier post where I stated that I believed the patents expired in 2013. It looks like that date is 2015. Also, Wallin stated below, engaging TPL for licensing would free PTSC to focus on other innovations in our pipeline.Since we no longer have anything to speak of in the pipeline, perhaps our focus should be on licensing activities, if we can prove breach of contract.
Both The TPL Group and Patriot Scientific believe these now-unified
patents, which were granted in 1998 and which don't expire until 2015, have
long been essential to the design of modern high-speed microprocessors.These
now-allied firms are now in position to maximize the value of this patent
portfolio. Global sales by potential licensees of products applying
technologies protected by the jointly owned patents are estimated to be
greater than $200 billion annually.
As an active intellectual property company specializing in microprocessor
technology, Patriot Scientific retains rights to make and market array
microprocessor products and technologies under its current IGNITE(TM) and
INFLAME(TM) brands, as well as a range of other products and technologies not
utilizing the patents covered by this new agreement.
"This accord represents an important milestone for our company," said Jeff
Wallin, president and CEO of Patriot Scientific. "This agreement replaces
costly ongoing litigation with a win-win scenario that supports our efforts to
license and protect our company's intellectual property on a broader scale.
The TPL Group is well-positioned to aggressively license these core technology
patents, freeing Patriot Scientific to focus on our equally innovative IGNITE
and INFLAME array microprocessor core technologies, as well as other
innovations currently in our development pipeline."
TPL Group Chairman Dan Leckrone, reaffirmed his company's longstanding
philosophy to encourage cooperation instead of litigation."Since TPL began
managing intellectual property more than 15 years ago, our business strategy
has always been driven by relationship building and constructive cooperation.
Our agreement with Patriot Scientific is a good example of this strategy at
work."
http://www.prnewswire.com/news-releases/patriot-scientific-and-tpl-group-unify-portfolio-of-fundamental-microprocessor-patents-54536742.html