21.04.2008 20:31:00
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Patriot Scientific Appoints Donald Schrock to Board of Directors
Patriot Scientific (OTCBB:PTSC), an intellectual property licensing
company with significant interests in critical semiconductor
technologies, announced today it has named Donald Schrock to the company’s
board of directors.
Schrock joins the board after a distinguished 35-year career in the
semiconductor industry. Prior to retiring in 2003, Schrock served as
Executive Vice President and President of Qualcomm CDMA Technologies
Group. Under his leadership, Qualcomm became the world’s
largest fabless semiconductor company and the world’s
leading supplier of CDMA chipsets and software. During his seven years
with Qualcomm, annual chipset revenue grew from $50 million to more than
$2.5 billion. Schrock’s group was named the
best financially managed fabless semiconductor organization by the
Fabless Semiconductor Association.
While at Qualcomm Schrock also led the $1 billion acquisition of
Snaptrack, accelerating the commercialization of advanced GPS services
into wireless handsets. The CDMA Development Group awarded Schrock and
his team the Industry Achievement Award for Third Generation Pioneer in
recognition of their role in bringing the first third generation (3G)
technology to commercial reality for the wireless industry.
Prior to joining Qualcomm, Schrock held key executive positions at GM
Hughes Electronics, Applied Micro Circuit Corporation, Burr-Brown
Corporation and Motorola Semiconductor. Schrock also served on the board
of directors of Jazz Semiconductor, a privately held mixed signal and RF
wafer foundry, until its merger with Acquicor Technology in 2007.
"I am so pleased to have Don accept a position
on our board of directors,” said Patriot
President and CEO Rick Goerner. "As we move
forward in considering various growth options for the company, Don’s
merger and acquisition experience with technology companies and his
network of connections among them will strongly benefit our decision
process.”
Carl Johnson, chairman of the Patriot Scientific executive committee,
said, "We are extremely pleased to welcome
Don to our board. In addition to widely-recognized leadership within the
semiconductor industry, Don brings extensive managerial experience and
strong contacts in the chipset community. His technological knowledge
and expertise in the public company arena will be valuable assets for
Patriot. Don will play an important role in helping grow shareholder
value.” About Patriot Scientific
Patriot Scientific is a leading intellectual-property licensing company
that develops, markets, and enables innovative technologies that satisfy
the demands of fast-growing markets for wireless devices, smart cards,
home appliances, network gateways, set-top boxes, entertainment
technology, automotive telematics, biomedical devices, industrial
controllers and more. Headquartered in Carlsbad, Calif., information
about the company can be found at http://www.patriotscientific.com.
An investment profile on Patriot Scientific may be found at http://www.hawkassociates.com/profile/ptsc.cfm.
Copies of Patriot Scientific press releases, current price quotes, stock
charts and other valuable information for investors may be found at http://www.hawkassociates.com
and http://www.americanmicrocaps.com.
To receive free e-mail notification of future releases for Patriot
Scientific, sign up at http://www.hawkassociates.com/about/alert/.
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, patent
litigation, technical development risks, seasonality and other risk
factors detailed in the company's Securities and Exchange Commission
filings. Moore Microprocessor Patent (MMP) and Alliacense are trademarks of
Technology Properties Limited (TPL). PTSC is a trademark of Patriot
Scientific Corporation. All other trademarks belong to their respective
owners.
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