General Dynamics Licenses PTSC IGNITE Microprocessor
SAN DIEGO--(BUSINESS WIRE)--April 17, 2003--Patriot Scientific Corp. (PTSC) (OTCBB:PTSC - News), a developer of advanced embedded microprocessors, today announced that General Dynamics Decision Systems has licensed the IGNITE(TM) microprocessor core.
This agreement will enable General Dynamics to provide its customers with innovative and power-efficient solutions and products. The PTSC IGNITE microprocessor was selected over other embedded microprocessors as a result of its performance characteristics.
"We are delighted that IGNITE has been chosen by General Dynamics Decision Systems for this development effort," said Jeff Wallin, PTSC president and CEO.
"General Dynamics' decision to integrate the IGNITE architecture into its leading-edge products will enable them to provide low-power single chip solutions," said Dr. Patrick Nunally, PTSC vice president and CTO. "We look forward to working with General Dynamics."
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.
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