Patriot Scientific

Patriot Scientific Reports Profitable Quarter; Q3 FY '08 Net Income $6.3 Million or $0.02 Basic and Diluted Earnings Per Share.

This already exists in the form of the presentation

 

Licensing. Mac Leckrone, president of Alliacense, was the next speaker. Alliacense is the licensing entity of the TPL group that manages the MMP patent portfolio that is jointly owned by Patriot Scientific and in The TPL Group. His highly informative presentation started with an explanation of his organization and how it conducts its business. He described the process of acquiring various products that utilize microprocessors and then taking them apart to identify components likely to be infringing on the MMP portfolio. His slides showed examples of cameras, an amusing shot of a popular toy "undressed" to show the technology inside, ATM machines, and point-of-sale machines among others that are part of some 200 various products that are analyzed each month. He stated that his group has already met with several automobile firms and suppliers, with that industry being a major focus this year.

A significant part of the Alliacense informative slide presentation involved the revelation by Mac Leckrone that approximately 485 companies have been put on written notice that they are likely infringing on one or more patents in the MMP portfolio. Over 300 of those companies have revenues exceeding $1 billion per year, and over 220 of the companies put on notice have responded. Alliacense conducted 265 customer meetings starting in January of 2006 through the time of this presentation. They met with 81 companies, which resulted in 16 licenses being signed in the 22 industry sector licensing categories as of the time of this presentation. The presentation was very well received.

 

 

 

Be well

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