17.03.2008 13:00:00
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Patriot Scientific Expands Organizational Infrastructure; Adds VP of Business Development
Patriot Scientific (OTCBB:PTSC) announced today the appointment of
electronics industry veteran Paul Bibeau as the company's vice president
of business development. Bibeau, who will play a key role in the company’s
strategic growth, comes to Patriot Scientific with more than 28 years
experience in the electronics industry, nearly 24 of those years in
management of design, marketing and operations.
Patriot President and CEO, Rick Goerner, said, "We
are extremely pleased to welcome Paul onboard. His solid marketing
background, successful business development and M&A experience will be
invaluable as Patriot expands its organizational infrastructure. Patriot
has recently launched a key initiative to more aggressively pursue new
business opportunities and expand Patriot’s
revenue producing capability. We are committed to reposition the company
through M&A activities and look forward to Paul’s
input during this process.”
Bibeau said, "I’m
very excited about the future of Patriot Scientific. The opportunity to
grow the company and leverage off an already successful IP licensing
business is indeed a great and exciting challenge.” "Patriot’s
successful licensing strategy has provided an important base to give us
the financial leverage to, over time, acquire a coherent portfolio of
competitive, revenue-producing technology companies strategically
aligned to enhance our long term shareholders’
value. I look forward to working with Rick and the dedicated team at
Patriot to evolve and guide Patriot through this exciting phase of its
history,” concluded Bibeau.
Prior to his appointment at Patriot Scientific, Bibeau served as
corporate vice president of marketing and then senior vice president and
general manger of the Integrated Products Division at the NASDAQ-listed
Microsemi. At Microsemi, Bibeau was responsible for the growth and
expansion of the IC division, formerly Linfinity Microelectronics, to
its leading market position in several industries, including TV,
notebook, and automotive LCD display controllers; WLAN power amplifiers;
and power management products for the storage and handheld markets.
Bibeau spent nine years in various marketing director roles for the
Storage Products Group of Texas Instruments, formerly Silicon Systems.
There he was responsible for the development of new business
opportunities in hard disk drives, removable storage products and
emerging networking markets. Before his employment at Silicon Systems,
Bibeau spent 13 years at Hughes Aircraft in various design and
engineering R&D management roles. He holds a BSEE from the University of
Lowell in Massachusetts and an MBA in Business Management from the
Pepperdine University Graziadio School of Business and Management.
A profile for Bibeau can be viewed at http://www.hawkassociates.com/ptscmanagement.aspx.
About Patriot Scientific
Patriot Scientific (OTCBB:PTSC) 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.ptsc.com.
An investment profile on Patriot Scientific may be found at http://www.hawkassociates.com/ptscprofile.aspx.
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/email.aspx.
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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