Patriot Scientific Corporation
Encyclopedia
Patriot Scientific Corporation refers to itself an "Intellectual Property
(IP) licensing company." Founded in 1992, it is a Delaware corporation
based in Carlsbad, California
and is one of the publicly traded companies started by inventor Elwood "Woody" Norris. Its stock currently trades over-the-counter
on the OTCBB under the ticker symbol
"PTSC."
Patriot was never successful in selling any of the technology or products it developed itself, but realized in 2004 that the acquisition of Nanotronics Corporation from Helmut Falk (Sr.) made years earlier may have given it patent
rights to fundamental microprocessor
technology. Its income in the last few years has come from licensing fees and settlements of patent infringement
claims. It became notable in the world of penny stock
s by issuing two shareholder dividends to distribute licensing/settlement income.
of this jointly-owned "Moore
Microprocessor patent portfolio (MMP)."
Licensees include:
Intellectual property
Intellectual property is a term referring to a number of distinct types of creations of the mind for which a set of exclusive rights are recognized—and the corresponding fields of law...
(IP) licensing company." Founded in 1992, it is a Delaware corporation
Delaware corporation
The Delaware General Corporation Law is the statute governing corporate law in the state of Delaware. Delaware is well known as a corporate haven. Over 50% of U.S...
based in Carlsbad, California
Carlsbad, California
-2010:The 2010 United States Census reported that Carlsbad had a population of 105,328. The population density was 2,693.1 people per square mile . The racial makeup of Carlsbad was 87,205 White, 1,379 African American, 514 Native American, 7,460 Asian, 198 Pacific Islander, 4,189 from other...
and is one of the publicly traded companies started by inventor Elwood "Woody" Norris. Its stock currently trades over-the-counter
Over-the-counter (finance)
Within the derivatives markets, many products are traded through exchanges. An exchange has the benefit of facilitating liquidity and also mitigates all credit risk concerning the default of a member of the exchange. Products traded on the exchange must be well standardised to transparent trading....
on the OTCBB under the ticker symbol
Ticker symbol
A stock symbol or ticker symbol is a short abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. A stock symbol may consist of letters, numbers or a combination of both. "Ticker symbol" refers to the symbols that were printed on the ticker...
"PTSC."
Patriot was never successful in selling any of the technology or products it developed itself, but realized in 2004 that the acquisition of Nanotronics Corporation from Helmut Falk (Sr.) made years earlier may have given it patent
Patent
A patent is a form of intellectual property. It consists of a set of exclusive rights granted by a sovereign state to an inventor or their assignee for a limited period of time in exchange for the public disclosure of an invention....
rights to fundamental microprocessor
Microprocessor
A microprocessor incorporates the functions of a computer's central processing unit on a single integrated circuit, or at most a few integrated circuits. It is a multipurpose, programmable device that accepts digital data as input, processes it according to instructions stored in its memory, and...
technology. Its income in the last few years has come from licensing fees and settlements of patent infringement
Patent infringement
Patent infringement is the commission of a prohibited act with respect to a patented invention without permission from the patent holder. Permission may typically be granted in the form of a license. The definition of patent infringement may vary by jurisdiction, but it typically includes using or...
claims. It became notable in the world of penny stock
Penny stock
In the United States, penny stocks are common shares of small public companies that trade at less than $1.00. In some countries, similar shares of stock are known as cent stocks.-Concerns for investors:...
s by issuing two shareholder dividends to distribute licensing/settlement income.
MMP licensees
Patriot's licensing success is a result of a joint-venture formed in June, 2005, with the TPL Group. Alliacense, a TPL entity, manages the commercializationCommercialization
Commercialization is the process or cycle of introducing a new product or production method into the market. The actual launch of a new product is the final stage of new product development, and the one where the most money will have to be spent for advertising, sales promotion, and other marketing...
of this jointly-owned "Moore
Charles H. Moore
Charles H. Moore is the inventor of the Forth programming language.- Biography :In 1968, while employed at the United States National Radio Astronomy Observatory , Moore invented the initial version of the Forth language to help control radio telescopes...
Microprocessor patent portfolio (MMP)."
Licensees include:
- Advanced Medical OpticsAdvanced Medical OpticsAbbott Medical Optics Inc. earlier known as Advanced Medical Optics, Inc. is a global medical supply company. Products in the ophthalmic surgical line include intraocular lenses, laser vision correction systems, phacoemulsification systems, viscoelastics, microkeratomes and related products used...
- Agilent
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- AMD
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- Direct TV
- DMP Electronics
- FujitsuFujitsuis a Japanese multinational information technology equipment and services company headquartered in Tokyo, Japan. It is the world's third-largest IT services provider measured by revenues....
- FunaiFunaiFunai Electric is a Japanese consumer electronics company headquartered in Daitō, Osaka. The company was founded in 1961. It owns the subsidiary Funai Corporation, Inc., established in the United States since 1991, to market and maintain Funai-licensed brands such as Sylvania, Emerson Radio,...
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- Hewlett Packard
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Corporation Ltd. - Intel
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- LexmarkLexmarkLexmark International, Inc. is an American corporation which develops and manufactures printing and imaging products, including laser and inkjet printers, multifunction products, printing supplies, and services for business and individual consumers...
- Lite On
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- NEC Corporation
- NikonNikon, also known as just Nikon, is a multinational corporation headquartered in Tokyo, Japan, specializing in optics and imaging. Its products include cameras, binoculars, microscopes, measurement instruments, and the steppers used in the photolithography steps of semiconductor fabrication, of which...
- OlympusOlympus Corporationis a Japan-based manufacturer of optics and reprography products. Olympus was established on 12 October 1919, initially specializing in microscope and thermometer businesses. Its global headquarters are in Shinjuku, Tokyo, Japan, while its USA operations are based in Center Valley, Pennsylvania,...
- PentaxPentaxPentax is a brand name used by Hoya Corporation for its medical-related products & services and Pentax Ricoh Imaging Company for cameras, sport optics , etc. Hoya purchased and merged with the Japanese optics company on March 31, 2008. Hoya's Pentax imaging business was sold to Ricoh Company, Ltd...
- PhilipsPhilipsKoninklijke Philips Electronics N.V. , more commonly known as Philips, is a multinational Dutch electronics company....
- Psion
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- Schneider ElectricSchneider ElectricSchneider Electric is a French global company. It was founded in 1836 by two brothers, Eugène and Adolphe Schneider.In the first part of the 20th century, Schneider et Cie associated itself with Westinghouse Systems, a major international electrical group at the time. The group began manufacturing...
- Seiko EpsonSeiko Epson, commonly known as Epson, is a Japanese technology company and one of the world's largest manufacturers of computer printers, information and imaging related equipment...
- SharpSharp Corporationis a Japanese multinational corporation that designs and manufactures electronic products. Headquartered in Abeno-ku, Osaka, Japan, Sharp employs more than 55,580 people worldwide as of June 2011. The company was founded in September 1912 and takes its name from one of its founder's first...
- SonySony, commonly referred to as Sony, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan and the world's fifth largest media conglomerate measured by revenues....
- TeacTeacTEAC Corporation is an electronics company based in Japan. TEAC was founded in 1953 as the Tokyo Electro Acoustic Company. TEAC has four divisions:*TASCAM - consumer to professional audio products, mostly recording...
- VerigyVerigyVerigy Ltd is an Advantest Group company in the semiconductor automatic test equipment business. It was spun off from Agilent Technologies in 2006...
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