Patriot Scientific Corporation (OTCBB:PTSC), announced that TEAC Corporation has purchased a Moore Microprocessor Patent(TM) (MMP) Portfolio license from The TPL Group. Headquartered in Tokyo, TEAC is an innovator and worldwide leader in the development and manufacture of audio, video and data recording technologies.
“TEAC Corporation has always been known to produce the highest quality, most technologically advanced products available,” said Rick Schuette, vice president, Intellectual Property for Alliacense. “This license agreement is a great validation of the role that MMP Portfolio technologies have played in advancing a broad range of successful companies who are leaders in their respective fields.”
The sweeping scope of applications using MMP design techniques continues to encourage manufacturers of end-user products from around the globe to become MMP licensees. Since January 2006 more than twenty companies including Hewlett Packard, Sony, Casio, Fujitsu, Nikon, Seiko Epson, Pentax, Olympus, Kenwood, Agilent, Lexmark, Schneider Electric, NEC Corporation, Funai Electric, SanDisk, Sharp Corporation, Nokia, Bull, LEGO and Denso Wave have all purchased MMP Portfolio licenses.
About TEAC Corporation
TEAC was originally founded as Tokyo Television Acoustic Company in August 1953 with a goal to be at the technological edge of data recording. Later, the company changed its name to Tokyo Electro Acoustic Company and then to TEAC. TEAC product lines include computer peripherals, professional and consumer audio products, video and image recording devices, medical and industrial technologies, measurement devices, and communication recorders.
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.
About the MMP Portfolio
The Moore Microprocessor Patent (MMP) Portfolio contains intellectual property that is jointly owned by the privately held TPL Group and publicly held Patriot Scientific Corporation (OTCBB:PTSC). The portfolio includes seven U.S. patents as well as their European and Japanese counterparts. It is becoming widely recognized that these patents protect fundamental technology used in designing microprocessors, microcontrollers, digital signal processors (DSPs), embedded processors and system-on-chip (SoC) devices. The MMP portfolio is exclusively managed by Alliacense, a TPL Group Enterprise.
Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of Intellectual Property (IP) licensing programs. As a cadre of IP licensing strategists, technology experts, and experienced business development/management executives, Alliacense focuses on expanding the awareness and value of TPL’s IP portfolios. Founded in 1988, The TPL Group has emerged as a coalition of high technology enterprises involved in the development, management and commercialization of proprietary product technologies as well as the design, manufacture and sales of proprietary products based on those technologies and corresponding IP assets.
Moore Microprocessor Patent (MMP) and Alliacense are trademarks of Technology Properties Limited (TPL). PTSC is a trademark of Patriot Scientific Corporation.