Olympus signs eighth licensing deal in eight months

(Science Letter Via Thomson Dialog NewsEdge)
Patriot Scientific Corporation (PTSC) confirmed that Olympus Corporation has purchased a license to use the Moore Microprocessor Patent (MMP) Portfolio.

Seven other major system manufacturers have purchased MMP licenses this year, including Casio, Fujitsu, HP, Seiko Epson, Sony, Nikon and Pentax. In addition, AMD and Intel are also licensees.

Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense, a TPL Group enterprise, exclusively manages. The MMP Portfolio patents, filed in the 1980s, cover techniques that have become essential to consumer and commercial digital systems including medical equipment.

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Patriot Scientific also announced that board of directors member Jim Turley will be devoting increased attention to technology matters for the company. Turley, formerly editor-in-chief of Embedded Systems Design and currently the editor of Silicon Insider, is the author of seven books and has been editor of the prestigious industry journal Microprocessor Report, where he was three-time winner of the Computer Press Award.

A former senior executive at ARC International, where he was responsible for three high-tech acquisitions and a successful IPO, Turley serves on several technical advisory boards for high-tech companies as well as on the advisory board for the Embedded Systems Conference and The Microprocessor Report.

As Patriot Scientific accumulates capital resulting from licensing revenues, the company is ready to implement the next phase of its strategic plan and is now evaluating possible opportunities to diversify its revenue stream by entering into joint ventures or by acquiring other companies and technologies.

Patriot Scientific is a intellectual property licensing company.

This article was prepared by Science Letter editors from staff and other reports. Copyright 2006, Science Letter via NewsRx.com.

Copyright 2006 Science Letter via NewsRx.com