Patriot Scientific Corporation
(PublicWire.com Press Release) — CARLSBAD, Calif., Oct. 3, 2013 /PRNewswire/ — Patriot Scientific Corporation (OTC: PTSC) announced today that it has won its patent infringement lawsuit against HTC Corporation. In litigation before the United States District Court for the Northern District of California, HTC was found to infringe multiple claims within Patriot’s US 5,809,336 patent. The ‘336 patent is one of several patents that are part of a larger portfolio held by Patriot, known as the Moore Microprocessor Patent (MMP) Portfolio™.
“This represents an extraordinary victory and vindication for the ‘336 patent and sends a strong signal to the marketplace that infringers of the MMP portfolio will be held accountable for their actions,” stated Cliff Flowers, Patriot’s Interim Chief Executive Officer. “In addition to our victory over HTC in U.S. District Court, the MMP portfolio has survived 17 re-examination challenges before the USPTO. The MMP portfolio has near universal applicability in microprocessor design and companies utilizing this technology should take note of our successes at the USPTO and in court.”
“We are gratified that the jury correctly decided that HTC’s accused products infringe the ‘336 patent,” stated lead trial attorney Jim Otteson of Agility IP Law, LLP. “We know that microprocessor technology can be daunting for lay people to understand, but the jury obviously worked hard to come to the right decision. And we also know that many other companies’ products (and many other HTC products not at issue in this case) work the same way as HTC’s infringing products. So that should give everyone something to think about.”
Patriot’s win against HTC comes after a protracted legal battle that was initiated in 2008. There are additional proceedings in U.S. District Court, currently stayed, alleging infringement of the ‘749, ‘890 and ‘336 patents against Barnes & Noble Inc., Garmin Ltd., Huawei Technologies Co. Ltd., LG Electronics, Nintendo Co. Ltd., Novatel Wireless Inc., Samsung Electronics Co. Ltd., and ZTE Corporation.
“On behalf of Patriot’s Board I wish to give recognition to our legal teams and express our thanks for their extraordinary efforts and competence. Most importantly, however, we wish to express our gratitude for the perseverance of our long-standing shareholders who have patiently waited for this day. While there will certainly be additional obstacles to confront and overcome, we look forward to this win as a step towards fulfilling our plans to increase Patriot’s value and facilitating opportunities to return consideration to our shareholders,” added Mr. Flowers.
About Patriot Scientific Corporation
Headquartered in Carlsbad, California, Patriot Scientific Corporation is the co-owner of the Moore Microprocessor Patent Portfolio™. For more information on PTSC, visit www.ptsc.com.
About the MMP Portfolio™
The MMP Portfolio includes US patents as well as their European and Japanese counterparts, which cover techniques that enable higher performance and lower cost designs essential to consumer and commercial digital systems ranging from PCs, cell phones and portable music players to communications infrastructure, medical equipment and automobiles.
Safe Harbor Statement: Statements herein which are not purely historical, including statements regarding Patriot Scientific Corporation’s intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that the recently filed actions and litigation strategy may not be successful and the risks and uncertainties relating to the future of our MMP joint-venture. It is important to note that the company’s actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks and uncertainties 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, and seasonality. Our business could be affected by a number of other factors, including the risk factors listed from time to time in the company’s SEC reports including, but not limited to, the annual report on Form 10-K for the year ended May 31, 2013. The company cautions investors not to place undue reliance on the forward-looking statements contained herein. Patriot Scientific Corporation disclaims any obligation, and does not undertake to update or revise any forward-looking statements made herein.