Applications for Patriot Scientific's Microprocessor More Than Double At Key Strategic Partner; GENROCO Expands Use of PSC1000 for Storage, Digital Video Solutions.SAN DIEGO--(BUSINESS WIRE)--Nov. 8, 1999-- Patriot Scientific Corp. (OTCBB:PTSC) Monday announced that applications for its powerful PSC1000(TM) microprocessor have more than doubled in the past 12 months at a key strategic partner, GENROCO Inc. (OTCBB:GRCI). GENROCO is a world leader in Storage Area Network (SAN) technology and a pioneer in the development of a new generation of Digital Video Broadcast (DVB) adapter cards. GENROCO also recently formed a subsidiary, VideoPropulsion Inc. "A year ago, the PSC1000 was powering three GENROCO product applications," noted Jim Lunney, Patriot's president & chief executive officer. "As of today, that number has more than doubled, with the chip now an integral part of eight different storage and digital video broadcast product solutions. These latest applications underscore, once again, our microprocessor's extraordinary flexibility. "Our partnership with GENROCO, both in current and future applications to be announced, makes us very proud. It also reinforces the viability of the PSC1000 as our new funding enables us to move aggressively ahead in marketing this advanced technology," Lunney said. Patriot's expanding partnership with GENROCO comes at a time when the Wisconsin-based high technology manufacturer is growing rapidly. Three weeks ago, it announced the creation of a wholly owned subsidiary -- VideoPropulsion Inc. -- to better focus on its digital video business. "We believe the formation of VideoPropulsion is a great opportunity for our organization's customers, shareholders, employees and vendors to reap the benefits of brainpower directed into two of the most exciting businesses in the new millennium," said Carl A. Pick, GENROCO's chairman, president & chief executive officer, who also will serve as chairman of VideoPropulsion. "The spin-off leaves GENROCO free to concentrate on its core SAN market while creating an entity fully focused on the emerging digital television industry." Systems using VideoPropulsion DVB hardware and software will soon provide the infrastructure which will allow consumers to use their TV sets for interactive services such as e-mail, home shopping, Web browsing, IP telephony, and other Internet applications. Though volumes for DVB have been relatively low to date, the market is expected to soar as tens of millions of digital set top boxes find their way into homes over the next few years and interactive digital television services begin to roll out. VideoPropulsion customers have been developing a wide variety of applications, such as video on demand (VOD), for the company's DVB controllers since 1995. Product offerings have grown in sophistication and are being repeatedly selected as the highest performance, lowest cost per video stream on the market today. "The good news for Patriot," observed CEO Jim Lunney, "is that the majority of products GENROCO and VideoPropulsion are developing to meet their customers' needs share a common heritage: made by GENROCO, powered by Patriot." Founded in 1987, Patriot Scientific Corp. designs, markets and manufactures: the PSC1000, based on the patented ShBoom technology, a 32-bit microprocessor targeted at Java and Internet appliances as well as the traditional embedded systems markets; high-performance ISDN Basic Rate and Primary Rate products for digital communications and ground penetrating radar. For more information on Patriot Scientific Corp., visit www.ptsc.com. About GENROCO GENROCO Inc. is a 25-year-old, publicly traded engineering and marketing company that specializes in developing I/O solutions for users of high performance storage area networks (SANs). By providing cross-platform support for its patented technology, the company is able to offer unique, extraordinarily high bandwidth, low cost overhead products for these markets. GENROCO enjoys a global customer base that includes Compaq, Fujitsu, SGI, Sun, StorageTek, the U.S. Departments of Defense and Energy, CERN, and other research institutions. Additional information about GENROCO can be found at www.genroco.com. About VideoPropulsion VideoPropulsion Inc. is a new, leading edge digital video technology company with expertise in providing high performance, hardware and software solutions for users of digital video servers. The company's worldwide customer base includes Tektronix, Concurrent, Oracle, SGI, Compaq, Sun, and other major companies. Additional information about VideoPropulsion can be found at www.videopropulsion.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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