Wednesday May 24, 9:30 am Eastern Time
Company Press Release
Patriot Scientific Retains Dr. Patrick Nunally As New Business Development Consultant
Initial Focus: Developing Value Added Strategic Relationships With Other Companies
SAN DIEGO--(BUSINESS WIRE)--May 24, 2000--Patriot Scientific Corp. (OTCBB:PTSC - news), the developer of the first, market-ready microprocessor for Java(TM), Wednesday announced that it has retained Dr. Patrick O. Nunally as a business development consultant.
His initial focus will be on developing ``value added'' strategic relationships for Patriot with other companies in the Java embedded marketplace.
Nunally continues in his role as president & chief executive officer of Intertech, a company he founded in 1998. Intertech specializes in intellectual property development for embedded processor and communication systems.
``This is a terrific supplement to our senior management team's efforts,'' said Jim Lunney, Patriot's president & CEO. ``Pat's more than 17 years of entrepreneurial experience in semiconductor design and embedded processor design will be of tremendous benefit to us. He has exceptional skills in providing market driven strategies and business planning to new and established companies.
``He also is an internationally recognized technical leader, with a strong understanding of strategic product and technology development,'' the CEO noted. ``We plan to draw upon all those skills as we move aggressively ahead, especially at first in building strategic partnerships.''
Prior to Intertech, Nunally was president & CEO of Gruppe Telekom Inc., a licensee of Interactive Video and Data Services. Earlier, he served as chief technical officer and co-founder of PlayNet Technologies Inc., a Java-based games company. Immediately prior, he was co-founder and executive vice president of Wave Systems, a pioneer of Internet commerce silicon for consumer applications.
Nunally also held other senior management positions with Sensormatic Video Products Division, Intellisys Automation Inc., E-Metrics Inc., General Dynamics Corp. and Interstate Electronics.
A graduate of California State Polytechnic University, with a B.S. degree in electrical and electronics engineering, Nunally received his MBA degree from the University of LaVerne and his Ph.D. in electrical engineering from Pacific Western University. He is the author of 27 papers published and/or presented in national and international journals and forums. He also is the holder of 47 patents and/or patents pending, primarily in microelectronics, signal processing and processor technologies.
A founder of the IEEE (Institute of Electrical and Electronics Engineers) Innovation and Entrepreneurship counsel, Nunally was recognized as the IEEE/HKN Outstanding Engineer of the Year in both 1990 and 1992. In 1994, he was named an IEEE/IAE Fellow. He serves on the National Board of Governors of the IEEE, and is vice chairman of the Los Angeles IEEE counsel on engineering management, education and administration.
Founded in 1987, Patriot Scientific Corp. designs, markets and manufactures: the PSC1000, based on the patented ShBoom technology, a 32-bit microprocessor targeted at Java and Internet appliances as well as the traditional embedded systems markets; high-performance ISDN Basic Rate and Primary Rate products for digital communications and ground penetrating radar. For more information on Patriot Scientific Corp., visit ptsc.com.
Java is a registered trademark of Sun Microsystems Inc.
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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Contact:
Patriot Scientific Corp.
Linda Romero, 858/674-5000, ext. 235
lromero@ptsc.com
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More Quotes and News: Patriot Scientific Corp (OTC BB:PTSC.OB - news)
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