Patriot Scientific Corporation (PTSC.OB) Enters into a New Agreement
Patriot Scientific Corporation (PTSC.OB) has announced that Verigy Ltd, a separate entity, has purchased Patriot Scientific's Moore Microprocessor Patent Portfolio license. Verigy is a premier automated test equipment company that currently has over two decades of semiconductor testing experience. Jim Turley, president and CEO of Patriot Scientific, stated, "Verigy occupies an important position in the overall semiconductor industry. As chips get more complex, it becomes harder to verify they work properly, and Verigy's 1500+ employees make sure that our industry runs smoothly." Mike Davis, senior vice president, added, "This agreement is in the best interests of Verigy, its shareholders and…