Hype PR today.
posted on
Nov 04, 2005 04:08AM
Nov 04, 2005 (M2 PRESSWIRE via COMTEX) -- MarketGainer.com strives to find dynamic issues that are unknown but because of their technology, approach, executive team, recent discoveries or other key factors, could advance in the market. MarketGainer.com has identified the following company based on these issues. Patriot Scientific Corporation (OTCBB: PTSC) has emerged as an effective and dynamic intellectual property company, developing and marketing innovative and proprietary semiconductor technologies. The company`s portfolio of proprietary designs encompasses what is believed to be fundamental ultra-low-power array microprocessor technology, as well as pending patents designed to protect Patriot`s proprietary technology and architecture.
Patriot Scientific Technologies increased 22% from its yesterday close of $0.095. It was an active day in trading for the company as it experienced a higher than average day in volume with more than 9 million shares changing hands. Recent development of this action stems from an announcement made by the company that they entered into a $10 million dollar licensing agreement with Intel Corporation to provide Intel with licensed access to Patriot`s suite of patents.
According to statements made in Patriot`s most recently-issued 10-Q, these patents represent the fundamental core technology behind virtually every microprocessor manufactured since 1995. Earlier in 2005, Patriot Scientific had previously licensed this same technology to Advanced Micro Devices Incorporated. With the signing of these licenses, which resulted in aggregate revenues of approximately $13 million, Patriot does not need to rely upon equity and other types of financing to fund its operations - as it has in the past which is positive news for investors.
Patriot`s patented intellectual property is used in a wide variety of end-user products including personal computers, servers, workstations, home theater systems, digital TVs, video games, DVD Recorders/Players, mobile handsets and automotive electronics. Global sales of end products deploying chips using technologies protected by these jointly held patents are estimated to be greater than $200 billion annually. In addition to these licensing and joint venture operations, Patriot is engaging industry technical and marketing experts to evaluate Ignite- the company`s small, high-speed, low-power consumption microprocessor - and Inflame, its dramatic array microprocessor technology.
Patriot`s Chairman, CEO and President David Pohl go on to explain, ``We believe these agreements represent continued legal and marketplace validation of Patriot`s position that our patented intellectual property has been - and is being - infringed upon by major microprocessor manufacturers, as well as by their OEM clients. Based on current projections, our licensing revenue in Q1 should provide us with the full level of anticipated operating capital needed to support our operations during all of FY 2006.``
In addition, during Q1 2006, Patriot also entered into a series of agreements with The TPL Group
To view the full Market Gainer report on Patriot Scientific Technologies visit www.marketgainer.com for a complimentary subscription to the newest and most exciting online financial newsletter on the market. No Credit Card information needed.
The Financial Information and Financial Content provided by Marketgainer.com is for informational purposes only and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or endorsement, recommendations, or sponsorship of any company or security by Marketgainer.com. You acknowledge and agree that any request for information is unsolicited and shall neither constitute nor be construed as investment advice by Marketgainer.com to you. It is strongly recommended that you seek outside advice from a qualified securities professional prior to making any securities investment. Marketgainer.com does not provide or guarantee any legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or informational source.
All material herein was prepared by based upon information believed to be reliable. The information contained herein is not guaranteed by Market Gainer to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Market Gainer is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Market Gainer may receive compensation in cash or shares from independent third parties or from the companies mentioned.
This release contains ``forward-looking statements`` within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. ``Forward-looking statements`` describe future expectations, plans, results, or strategies and are generally preceded by words such as ``may``, ``future``, ``plan`` or ``planned``, ``will`` or ``should``, ``expected,`` ``anticipates``, ``draft``, ``eventually`` or ``projected``. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies` annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web Inquiries to info@m2.com.
(C)1994-2005 M2 COMMUNICATIONS LTD