Friday, March 9, 2007
Patriot Scientific Corp. said today that Sandisk has purchased a license for its Moore Microprocessor Patent (MMP) portfolio.
The company said that subsequent licensees in segments where early tiers have been secured are subject to progressively higher royalty rates on relevant products.
The intellectual property assets protected by the MMP Portfolio includes fundamental design techniques that allow higher performance and lower cost digital electronic systems ranging from cell phones and portable music players to communications infrastructure and medical equipment as well as automobiles, which today utilize dozens of microprocessors.
David Pohl, chairman and CEO of Patriot noted that more than 10 companies havehave purchased MMP Portfolio licenses in the past 13 months including Intel and AMD.
Patriot Scientific invested millions of dollars and hundreds of thousands of man-hours over 12 years or more developing and bringing to market products based upon the company's intellectual property, including IP contained in the MMP Portfolio, he added.
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