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Patriot Scientific Corporation (PTSC) Will Vigorously Respond To Intel Court Action
SAN DIEGO, Feb. 6 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC - News) said today that it will respond to legal action against the company by Intel Corporation and will continue to pursue actions against companies that are infringing on its patents.
Intel Corp. is seeking a declaration that it is not infringing Patriot Scientific's microprocessor clocking patent and is seeking a court order stopping Patriot from suing the balance of Intel's customers. This relief is being sought via a declaratory judgment in the Northern District of California, Case No. 04CV0439.
Patriot Scientific Corp. has filed complaints against Matsushita, Sony, Fujitsu, Toshiba and NEC seeking damages in excess of several hundred million dollars. Patriot Scientific's patents describe the principal means used by the microprocessor industry to increase the internal operating speed of modern microprocessors. Patriot Scientific's patent portfolio encompasses the fundamental workings of well over $18 billion dollars worth of microprocessors sold in the United States last year. From the time the patents were issued, the company estimates that over $150 billion dollars worth of microprocessors have made use of Patriot Scientific's technology.
Jeff Wallin, president and CEO of PTSC, said, "We will respond to this action by Intel in a vigorous manner, including a substantial likelihood that Patriot will assert counterclaims for, among other things, infringement. Significant segments of the electronics industry are currently benefiting from technology owned by Patriot Scientific. Microprocessors operating at speeds above 110 - 120 MHz may be in violation of portions of our patent portfolio."
An investment profile on Patriot Scientific may be found at www.hawkassociates.com/patriot/profile.htm.
About Patriot Scientific
Patriot Scientific is an intellectual property company developing and marketing innovative and proprietary semiconductor technologies into the fast- growing hand held wireless and smart card markets. The company's portfolio of patents encompasses what is believed to be fundamental microprocessor technology and includes additional patents pending to protect its technology and architecture. For more information please visit Patriot Scientific online at www.ptsc.com
For investor relations information contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383. Email: info@hawkassociates.com For Patriot Scientific information contact Lowell Giffhorn at (858) 674-5018. Detailed information about Patriot Scientific can be found on the website www.ptsc.com. Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found on the websites www.hawkassociates.com and www.hawkmicrocaps.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, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings
Intel Corp. is seeking a declaration that it is not infringing Patriot Scientific's microprocessor clocking patent and is seeking a court order stopping Patriot from suing the balance of Intel's customers. This relief is being sought via a declaratory judgment in the Northern District of California, Case No. 04CV0439.
Patriot Scientific Corp. has filed complaints against Matsushita, Sony, Fujitsu, Toshiba and NEC seeking damages in excess of several hundred million dollars. Patriot Scientific's patents describe the principal means used by the microprocessor industry to increase the internal operating speed of modern microprocessors. Patriot Scientific's patent portfolio encompasses the fundamental workings of well over $18 billion dollars worth of microprocessors sold in the United States last year. From the time the patents were issued, the company estimates that over $150 billion dollars worth of microprocessors have made use of Patriot Scientific's technology.
Jeff Wallin, president and CEO of PTSC, said, "We will respond to this action by Intel in a vigorous manner, including a substantial likelihood that Patriot will assert counterclaims for, among other things, infringement. Significant segments of the electronics industry are currently benefiting from technology owned by Patriot Scientific. Microprocessors operating at speeds above 110 - 120 MHz may be in violation of portions of our patent portfolio."
An investment profile on Patriot Scientific may be found at www.hawkassociates.com/patriot/profile.htm.
About Patriot Scientific
Patriot Scientific is an intellectual property company developing and marketing innovative and proprietary semiconductor technologies into the fast- growing hand held wireless and smart card markets. The company's portfolio of patents encompasses what is believed to be fundamental microprocessor technology and includes additional patents pending to protect its technology and architecture. For more information please visit Patriot Scientific online at www.ptsc.com
For investor relations information contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383. Email: info@hawkassociates.com For Patriot Scientific information contact Lowell Giffhorn at (858) 674-5018. Detailed information about Patriot Scientific can be found on the website www.ptsc.com. Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found on the websites www.hawkassociates.com and www.hawkmicrocaps.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, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings
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