SAN DIEGO, California -- January 10, 2003 - PTSC (Patriot Scientific Corporation) (OTCBB:PTSC) - an embedded processor developer -- today announced the release to its anticipated smart card development and manufacturing customers, a complete single cycle memory-to-processor interface reference and verification suite. Delivery of this critical component will enable anticipated smart card customers the ability to significantly advance execution bandwidth and deliver twice the throughput compared to PTSC's major competitor.
Vital to the smart card industry, this unique capability of the IGNITEâ„¢ architecture eliminates the delay time associated with accessing embedded memory, thereby, removing processor idle time associated with key cryptographic and smart card functions.
"This crucial and unique capability is enabling our customers to expand the current envelope of smart card performance as well as allowing them to drive the manufacturing cost of their smart card silicon lower", said Dr. Patrick Nunally, PTSC's Chief Technical Officer.
With the features and performance needed for next generation smart card and Java card applications, PTSC is positioning IGNITE as the leading 32-bit smart card processor.
About PTSC: Founded in 1987, PTSC is an Intellectual Property (IP); Integrated Circuit (IC) and systems level embedded engineering company. The company sells the IGNITE(TM) processor in silicon both in the United States and abroad. Customers also come to PTSC for product integration and development using the IGNITE technology. For further information on PTSC, visit http://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.