PTSC Announces Acceptance Of QThink As Their First Certified Design Center
SAN DIEGO--(BUSINESS WIRE)--March 26, 2002--Patriot Scientific
Corporation (PTSC OTCBB: PTSC news) and QThink, a leading front to
back IC design services company, jointly announced Patriot's
acceptance of QThink as its first Certified Design Center.
The relationship will facilitate PTSC's on-going product
development and marketing strategies by adding QThink's additional
resources, potentially accelerating the PTSC business plan. The
alliance should also allow PTSC to rapidly move to .13 and lower
geometries with its proprietary IGNITE microprocessor.
"Near term project objectives are to enhance the IGNITE IP product
applications, allowing our customers to advance quickly from the
Intellectual Product to silicon, shortening their time to market,"
stated Jeff Wallin, President and CEO of Patriot Scientific. "We
expect to announce the results of this effort to the entire industry
in the next few weeks with an innovative step into a more available
hands-on system with which potential customers can more easily work
with the IGNITE IP. We anticipate this relationship with QThink will
evolve into fueling additional on-going development projects."
"QThink recognizes Patriot's unique offerings in machine
architecture, memory footprint and power consumption as important
options for embedded designers," said Eric Tobias, CEO of QThink. "The
QThink-Patriot team is an enabler for those software architects
choosing to bring the newest languages to the diverse embedded world.
QThink's "pure-play" ability to work with both client IP and multiple
third-party IP offers designers a better, proven way to create these
complex system chips."
"Selection by PTSC as a Certified Design Center confirms that our
`pure-play' model will protect IP, will help customers put IGNITE IP
to work quickly, and will get customer designs to market sooner,"
noted Akbar Shokouhi, president of QThink. "QThink delivers the best
solution for each customer through skill in font-to-back design,
Constraint-Driven TM methodologies, IP integration, EDA tools,
libraries, and foundry technologies. QThink's "methodology IP" and
full front-to-back services help customers streamline the journey from
concept to silicon."
Both QThink and Patriot are positioned to play in the heart of the
global wireless industry, and together they plan to provide design
resources to IGNITE customers throughout North America and the world.
PTSC, founded in 1987, is a publicly held Company in the business
of developing and marketing Intellectual Properties (IP) that enable
innovative technology solutions. The Company's customers are employing
PTSC's embedded microprocessors in entertainment technology,
telecommunications and other industrial applications. More information
on PTSC can be found at www.ptsc.com.
QThink designs high-performance chips for leading edge players in
communications, networking, multimedia and computing. Their San Diego
design center is home to working the hottest product application
areas, using the latest design tools and methodologies available to
the IC design world. QThink implements the best solution for each
customer utilizing its broad knowledge and experience with numerous
EDA tools, libraries, and foundries from leading vendors. More
information on QThink is available at http:/www.qthink.com, or they
can be contacted directly at 858-362-8100.
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.
Contact:
Investors Contact:
The Investor Relations Group
Tom Caden / Shayne Payne / Dian Griesel
212/825-3210