Thanks Bob,
News out. Looks like the Japanese contract came through. No $ details
though. Good news, in any case.
Joe
Monday February 8, 9:30 am Eastern Time
Company Press Release
Patriot Scientific's PSC1000A Microprocessor Core
Licensed by Unit of Japanese Electronics Industry
Association
Microprocessor Facilitates Development of Low Cost Devices
SAN DIEGO--(BUSINESS WIRE)--Feb. 8, 1999-- Patriot Scientific Corp. (OTC:PTSC - news), the developer of the first
market-ready microprocessor for Java(TM), today announced that Japan's Venture SystemLSI Assist Center (VSAC), has
licensed Patriot's PSC1000A Java microprocessor core for its library of semiconductor cores.
The agreement with VSAC, which is part of Japan's Electronics Industry Association and funded by the Japanese government,
will allow small- and medium-sized Japanese electronics companies to design and build prototype integrated circuits (ICs) utilizing
Patriot's PSC1000A core without incurring up-front license fees. Patriot teamed with its Japanese distributor, RealVision, to
secure the agreement.
Under terms of the agreement, VSAC will pay Patriot an undisclosed sum for the PSC1000A core license. Japanese companies
working with VSAC and using the PSC1000A core in their prototype designs will also pay license fees and per-chip royalties to
Patriot Scientific once in volume production.
''Japan is a key market for our microprocessor and this agreement further strengthens our position in the Japanese electronics
market,'' said Jim Lunney, president of Patriot Scientific. ''We view this agreement as a strong win-win situation for both Patriot
and VSAC's clientele. By providing an easy, cost-effective means of incorporating the PSC1000A into custom chip designs,
VSAC is facilitating the growth of the Japanese electronics industry.''
''This agreement underscores the technical superiority of the PSC1000 and makes it very accessible and easy for Japanese
electronics startups to design PSC1000 technology into their products,'' said Naoshi Sugiyama, president and chief executive
officer of RealVision. ''We expect that it will greatly accelerate the PSC1000's penetration into the Japanese market.''
The Patriot PSC1000A Java microprocessor is the only true low-cost, high-performance, native Java processor. It is ideal for
Internet-enabled information kiosks, cell phones, video phones, embedded Web servers, set-top boxes and a host of other new
Internet appliances. The 32-bit microprocessor, based on Patriot's patented ShBoom(TM) technology, is designed to provide
cost-efficient solutions for the growing number of new Java applications, as well as other traditional embedded systems markets.
''Our goal is to assist small Japanese companies with top-quality electronic design expertise necessary to compete in the global
market,'' said Seigo Suzuki, director of VSAC. ''Patriot Scientific's PSC1000A provides Java capabilities in a low-cost,
high-performance microprocessor. It is a welcomed addition to our library of semiconductor IP cores.''
Patriot will provide VSAC with both hard and soft cores from the PSC1000A. Hard cores have hand-packed, optimized designs,
making them extremely efficient in both size and performance. Soft cores, on the other hand, offer a great deal of flexibility in
design and simulation.
Founded in 1987, Patriot Scientific Corp. designs, manufactures and markets: the PSC1000A, 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 and
ionized gas antenna technologies. For more information on Patriot Scientific Corp., visit ptsc.com.
Note: Java is a trademark of Sun Microsystems and other product names are trademarks of the respective companies.
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:
Patriot Scientific Corp.
Linda Romero, 619/674-5000
lromero@ptsc.com
or
The Townsend Agency
John Chier, 619/457-4888
chier@townsendagency.com |
