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Patriot Scientific Announces Agreement with NuPOWER Semiconductor to License Power Management IP Portfolio
CARLSBAD, Calif.--(Business Wire)--
Patriot Scientific Corporation (OTCBB:PTSC) today announced that
it has entered into an initial agreement with NuPOWER Semiconductor,
to commercialize its power management IP to other semiconductor and
electronic systems suppliers.
Patriot announced the phase one, "validation phase" agreement,
whereby both companies will work exclusively together to commercialize
NuPOWER's extensive portfolio consisting of more than 60 claims
covered under four issued and allowed patents. These patents relate to
circuitry for a buck converter in Point of Load (POL) products,
Network Product Power Management (PM) chipsets for voltage conversion
and microprocessor-based system load line regulation. While no
financial details of the agreement will be made public, Patriot
confirms that the companies will both share in the revenues generated
by the licensing efforts, whether from front-end license fees and/or
on-going royalties. This initial "validation phase" agreement will
focus the two companies on a handful of target customers before
proceeding to a broader, full commercialization phase agreement.
"NuPOWER's IP can substantially improve the regulation of the load
line and accuracy of power management performance in next generation
microprocessor systems. It offers unique features in POL products that
require integrated Field-effect transistors (FETs), combined with
creative design approaches to network product PM chipsets for voltage
regulation. NuPower's IP also provides value, and ease-of-use to
system designers. The elimination of external FETs, and other external
passive components, allows PM designers to drive down overall system
costs and improves time to market. The integration of FET technology,
coupled with the ability to perform Post Production Trimming, enables
designers to meet tighter power specifications and enhances the yields
of microprocessor components," said Tony Tabaian, President of
NuPOWER. Tabaian further said, "We have been able to substantiate much
of the IP through initial silicon validation, with several devices in
volume production through original equipment manufacturer customers.
We believe the market for power management ICs combining these
features will exceed two billion dollars by 2010."
Patriot's President/CEO Rick Goerner said, "We're pleased to take
this first step with NuPOWER and their technical team. Enhanced power
management will be at the heart of every new mobile, personal computer
or consumer electronic product, and next generation microprocessor
systems as well. Targeting a handful of the most important customers
will focus our efforts to validate the NuPOWER's portfolio value
proposition before launching more extensive licensing efforts,
resources and expenses. We also view this IP licensing effort as one
that is more 'forward enabling' and therefore, have the prospect for
Patriot to realize on-going royalty payments in the future."
The NuPOWER NUSEM patent portfolio embodies four issued, and
allowed patents with more than 60 claims and additional patent filings
pending. Moving forward, Patriot plans to assess, and support the
costs of new continuation patent filings, building upon the base NUSEM
technology. Patriot and NuPOWER would be co-assignees of any patents
granted under the program.
Licensing terms, target license fees and royalties will not be
disclosed at this time.
Patriot is exploring several options to commercialize the
technology.
About NuPOWER Semiconductor
NuPOWER Semiconductor, headquartered in Newport Beach, CA, is a
mixed-signal fabless semiconductor company with expertise in power
management, Signal Processing and ASIC development capabilities
providing innovative, customized, and cost competitive solutions for
the consumer, computer, and communication markets. NuPOWER product
development strategy is based on a "Modular Analog Library" called
MODAL. NuPOWER's modular approach provides simple, easy to use and
extremely cost effective solutions with the total system in mind. More
information about the company can be found at
www.nupower-ic.net.
About Patriot Scientific
Patriot Scientific is a leading intellectual-property licensing
company that develops, markets, and enables innovative technologies
that satisfy the demands of fast-growing markets for wireless devices,
smart cards, home appliances, network gateways, set-top boxes,
entertainment technology, automotive telematics, biomedical devices,
industrial controllers and more. Headquartered in Carlsbad, Calif.,
information about the company can be found at
www.patriotscientific.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this news release looking forward in
time involve risks and uncertainties, including the risks 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,
seasonality and other risk factors detailed in the company's
Securities and Exchange Commission filings.
Moore Microprocessor Patent (MMP) and Alliacense are trademarks of
Technology Properties Limited (TPL). PTSC is a trademark of Patriot
Scientific Corporation. All other trademarks belong to their
respective owners.
Patriot Scientific Media Relations
The Hoffman Agency
John Radewagen, 408-975-3005, 408-219-9199 (mobile)
jradewagen@hoffman.com
or
Patriot Scientific Investor Relations
Hawk Associates
Ken AuYeung or Frank Hawkins, 305-451-1888
patriot.scientific@hawkassociates.com
Copyright Business Wire 2008
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