CARLSBAD, Calif. -- June 4, 2007
-- Patriot Scientific Corporation (OTC Bulletin Board: PTSC - News) announced today the appointment of Jim Turley as the company's president and CEO. Turley succeeds David Pohl as chief executive; Pohl retains his position as the company's chairman of the board. The appointment is effective June 5th.
"I am pleased and honored that Patriot's board of directors has selected me to lead the company through the next stage of its growth," said Turley. "David Pohl guided our company through an extraordinary rebuilding period that increased company value dramatically and saw our technology adopted worldwide. We're now ready for a more product-focused strategy to complement the ongoing licensing strategy of our valuable patent portfolio. My plan is to convert our technology and equity into a sustainable product line that will grow over time. Through a combination of in-house efforts and strategic acquisition, I expect to pursue exciting market opportunities in consumer, automotive, and industrial sectors. There are exciting days ahead for our customers and shareholders," concluded Turley.
Pohl said, "Jim Turley is an ideal selection as our new CEO. He is one of the most respected figures in the microprocessor industry. He is admired by virtually everyone who knows him. His knowledge, experience and enthusiasm will help take our company quite far in the next few years. I look forward to working with him and strongly supporting his efforts."
Turley has made a career of guiding and advising technology companies. Prior to joining PTSC, he was a member of the company's board of directors and chairman of its Technology Committee. Before founding the technology-analysis firm Silicon Insider in 2001, Turley was senior vice president of marketing and technology strategy at ARC International, a publicly held semiconductor IP-licensing firm. Turley is the author of seven books on computer and microprocessor technology, was previously editor-in-chief of Embedded Systems Design magazine and senior editor of the prestigious industry journal Microprocessor Report. He is a popular speaker and sought-after thought leader who frequently appears in print, television, radio, and online. His earlier career included positions in engineering, management and marketing for high- tech firms in the United States and Europe. About Patriot Scientific
Patriot Scientific is a leading intellectual property licensing company that develops, markets and enables innovative technologies to address the demands in fast-growing markets such as wireless devices, smart cards, home appliances and gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices and industrial controllers. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.ptsc.com.
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. About the Patent Portfolio
The patent portfolio, marketed as the Moore Microprocessor Patent™ Portfolio, contains intellectual property that is jointly owned by the publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processors (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group Enterprise. About Alliacense
Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of intellectual property licensing programs. As a cadre of IP licensing strategists, technology experts and experienced business development/management executives, Alliacense focuses on expanding the awareness and value of TPL's intellectual property portfolios. For more information, visit http://www.alliacense.com