Patriot Scientific announces purchase of MMP Portfolio License by Sierra Wireless
Dec 04, 2012 (M2 EQUITYBITES via COMTEX) --
Patriot Scientific Corporation (OTC:PTSC) , the co-owner of the Moore Microprocessor Patent (MMP) Portfolio, announced on Monday the purchase of a MMP Portfolio license by Sierra Wireless Inc, a mobile computing and machine-to-machine (M2M) communications products and solutions company.
Financial details of the purchase were not available.
The MMP Portfolio includes US patents as well as their European and Japanese counterparts, which cover techniques that reportedly enable higher performance and lower cost designs essential to consumer and commercial digital systems.
This agreement resolves the ITC Investigation and District Court lawsuit recently filed against Sierra Wireless.
In July 2012, MMP Portfolio owners, Technology Properties Limited and Patriot Scientific Corporation, launched the first wave of enforcement activities, filing a complaint with the US International Trade Commission (ITC) and corresponding complaints in the US District Court for the Northern District of California against 13 companies believed to be infringing the MMP Portfolio patents. Sierra Wireless is the first of the 13 companies to purchase an MMP License.
The remaining ITC respondents are Acer Inc, Amazon.com Inc, Barnes & Noble Inc, Garmin Ltd, HTC Corporation, Huawei Technologies Co Ltd, Kyocera Corporation, LG Electronics, Nintendo Co Ltd, Novatel Wireless Inc, Samsung Electronics Co Ltd and ZTE Corporation.
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