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Tuesday April 7, 9:29 am Eastern Time
Company Press Release
Patriot Scientific Signs Multi-Million Dollar
Agreement for Multimedia Controller Modules
Patriot's PSC1000 Java Processor the Engine to Power Next
Generation Controllers for Olea Exhibits' DVD Drives
SAN DIEGO--(BUSINESS WIRE)--April 7, 1998-- Patriot Scientific Corp.
(OTCBB:PTSC - news), the developers of the first market-ready microprocessor
for Java(TM), today announced that the company has entered into a long term
contract with Olea Exhibits Inc., a major producer of multimedia kiosks and
interactive pavilions.
Olea has placed an initial multi-million dollar order with Patriot, for multimedia
controller modules, which Patriot will build utilizing the company's PSC1000
microprocessor.
The agreement is initially worth in excess of $3 million, most of which will be
delivered in 1998. The long-term development and manufacturing agreement for
multimedia controllers for DVD (Digital Video Disks) drives includes the
PSC1000 processor running an application written in the ''C'' and Java
programming languages. First prototype deliveries will be made in May, with
production deliveries beginning in the third quarter of 1998. Patriot will develop
and manufacture the multimedia controllers, as well as develop application
software for Olea's systems.
''We chose to work with Patriot to power our multimedia systems in part because
of their ability to develop the necessary software and multimedia controllers but
mainly because of the PSC1000's processor capabilities, low cost and high
performance,'' said Mark Olea, president of Olea Exhibits Inc. ''After evaluating
numerous other controller options, we selected Patriot's unique, versatile
microprocessor because it satisfies our need for C language as well as Java
applications.''
Olea intends to use the multimedia controllers for DVD drives in kiosks that
currently use a PC, replacing a Windows NT host for multimedia and
communications systems. Future system-functionality includes Internet access,
services like lottery ticket purchases, providing information in multiple languages,
presenting electronic brochures, and printing coupons, maps and directions.
Additionally, Olea plans to build ATM and financial services kiosks with online
video-teller services. Upcoming features for the multimedia and communications
systems include interactive infrared cameras, temperature monitors for fire
detection, motion sensors and the ability to conduct mass media marketing
surveys.
The DVD technology allows for information in Olea systems to be dynamically
updated. DVD discs are the same size as traditional compact discs, but can store
up to 133 minutes of full-motion video and multi-channel audio per side, while
dual-layer discs can store more than four hours. A single DVD disc holds the
high-quality, digital sound of compact discs with crisp, high-resolution video.
According to the DVD Video Group, a non-profit organization endorsing the
technology, since its launch in early 1997, DVD has surpassed industry
expectations and is quickly becoming the most successful new technology since
compact discs were introduced.
''The PSC microprocessor provides the ideal platform to develop Olea's new
kiosk-line. Not only is it the ideal processor for Java applications but it is also well
suited to run applications in the C programming language. This flexibility will be
crucial in meeting the needs of Olea's expanding kiosk business,'' said Jim Lunney,
President and CEO of Patriot.
Located in Artesia, Calif., Olea Exhibits produces commercial grade kiosks and
interactive pavilions featuring a multitude of applications. For 20 years, Olea has
specialized in custom designs engineered to meet unique functional requirements of
its clients including Pioneer Electronics, Warner Brothers, Pierre Cardin, Hong
Kong Trade Development, Clarion Sales Corp., and others. For more information
on Olea, visit the company's Web site at www.olea.com/.
As the only truly low cost, high performance processor, the PSC1000 is ideal for
Java applications, Internet enabled information kiosks, cell phones, video phones,
embedded Web servers, set-top boxes and a host of other new Internet
appliances. The PSC1000, a 32-bit microprocessor based upon Patriot's patented
ShBoom(TM) technology, is designed to provide economic solutions for the
growing number of new Java applications as well as the traditional embedded
systems markets.
Founded in 1987, Patriot Scientific Corporation designs, manufactures and
markets: the PSC1000, based on the patented ShBoom technology, a 32-bit
microprocessor targeted at the 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
and ionized gas antenna technologies. For more information on Patriot Scientific
Corporation, visit www.ptsc.com/.
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.
Contact:
Press Relations:
The Townsend Agency
Michelle Balconi, 619/457-4888
mbalconi@townsendagency.com
or
Investor Relations:
Patriot Scientific Corporation
Paul Berlin, 619/674-5000
pberlin@ptsc.com
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Patriot Scientific Corp (OTC BB:PTSC - news)
Related News Categories: computers, internet, telecom
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