This article which all of you have read is but 4 months old , a little time has
posted on
Jun 14, 2011 10:29AM
Has passed . Lots goinng on behind the vail , but as long as its all good , well worth a re -read.
Newswire
CARLSBAD, Calif. and CUPERTINO, Calif., Feb. 3, 2011
CARLSBAD, Calif. and CUPERTINO, Calif., Feb. 3, 2011 /PRNewswire/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC), The TPL Group, and Alliacense announced today that during December 2010 and January 2011, MMP Patent Portfolio licenses were entered into with several companies in the telecommunications and industrial equipment industry segments.
Earlier this month Patriot and TPL resolved a number of issues that arose over the past year related to the licensing and litigation activities of the MMP Patent Portfolio. The resolution included an agreement to provide a substantial increase in working capital for the MMP licensing program and patent infringement litigation from MMP licensing proceeds. The increased commitment reflects the companies' recognition of the strength and growing confidence in the MMP Portfolio based on the long string of successes in defeating multiple re-examination attacks in both the USPTO and Europe, as well as the continued pace of the MMP Licensing Program which totals over 80 world-class Licensees to date.
On January 24, 2011, Patriot dismissed the action it had filed on April 12, 2010, against TPL in San Diego Superior Court in conjunction with TPL's cash settlement of the outstanding obligation. TPL has also agreed to increased involvement of Patriot in the oversight of the MMP Portfolio activities. Talks between Patriot and TPL continue as the parties work to resolve the remaining lawsuit in Santa Clara County.
I think given the short time period since this strong annoucement Regarding MMP and Patent re-exams says a lot in addition Tpl agreement to involve PTSC . I believe news soon .
Yes we should hear more from company as share holders . I am hopefull that all written is happening and soon we will hear news court cases take time and Patents strong were going to hear good news near future .
Long time holder , still Very hopefull, stryker one of many to come ...
GLTA
JMO