2009-06-02
PATRIOT SCIENTIFIC CORPORATION ANNOUNCES
PATRIOT DATA SOLUTIONS GROUP
PDSG Integrates Data Sharing Product Portfolio
June 2, 2009 CARLSBAD, Calif.-- Patriot Scientific Corporation (OTC BB:PTSC) announced today that, as a result of its recent acquisition efforts and diversification of its business into the data and information sharing solutions market, its wholly owned subsidiary, Crossflo Systems, Inc., has formally changed its name to Patriot Data Solutions Group, Inc. The company, branded as PDSG, will unite Patriot's acquired entities and software technologies into a portfolio encompassing best-of-breed data-sharing and visualization technologies and services supported by subject matter experts who have broad expertise in healthcare, public safety, and justice. It is anticipated that additional acquisitions made to further enhance the current secured data-sharing product portfolio will also roll up under PDSG.
During the past year, Patriot Scientific has acquired several technologies, including its flagship Crossflo DataExchange® platform (CDX) which facilitates secure, standards-based data sharing among disparate data sources in mission-critical applications. This portfolio represents a proven solution for delivering some of the nation's earliest and most innovative data exchange projects, including one of the first interagency data-sharing initiatives incorporating the Global Justice XML Data Model (GJXDM) across multiple levels of local, state and federal government. "We believe this is a good time in the growth of the company to consolidate our solutions under a single brand to offer our customers our entire knowledge base, product lines and deep industry expertise in the sectors we serve," said Rick Goerner, Patriot Scientific's President and CEO. "The PDSG solutions help guide these mission-critical entities through the complexities of data-sharing initiatives so that these organizations can be better prepared to act on threats to our nation and to make better, more-informed decisions."
Name Change Reflects Market Focus "We believe PDSG best captures the focus of our current capabilities as well as our future plans to continue expanding in the data sharing market," said Renney Senn, PDSG's President. "There are multiple drivers for our expansion. Healthcare reform, for example, is being propelled by urgent needs for increased quality of medical care delivery and having immediate access to vital medical information at the point of care. Another driver is the increased focus on efficiency, cost and better information sharing among public safety agencies at all levels of government. PDSG's technologies will serve as critical enablers as these markets demand a new generation of cross-entity solutions that can significantly accelerate the time to value, reduce cost, and eliminate the disruption typical of new data-sharing initiatives."
The key to today's successful information-sharing models extends beyond technology. PDSG solutions are supported by industry-recognized experts. PDSG works with national law enforcement and justice standards bodies (IJIS) to deliver integration solutions that provide reusable business value to agencies and their applications. In addition, PDSG public safety experts have served in law enforcement; in street patrol, investigative, and supervisory roles; and as crime analysts and law-enforcement-specific information technology specialists. PDSG's health care experts are pioneers in hospital, medical practice and healthcare agency information sharing, and quality assessment technology.
Solution sets include:
· Crossflo DataExchange® platform o Crossflo DataExchange Server - enterprise
class, multiple-partner data sharing
o Crossflo DataExchange Agent - lightweight, single exchange data sharing
o Data sharing consulting services - IEPD development, data sharing solution
architecture design, information sharing standards application
· Iameter o CQI - Clinical quality improvement based on risk adjusted hospital
medical records
o CQI consulting services - Physician and technical experts consulting for clinical
quality improvement
· Vigilys o Commander - map-based collaborative common operating picture with
tactical resource information
o Mobile - geo-spatial, in-vehicle display of critical information for enhanced
situational awareness and real-time collaboration with command and control
centers
About PDSG
Patriot Data Solutions Group, Inc. ("PDSG") provides products and solutions that enable mission-critical applications to significantly accelerate the time to value and reduce total cost of ownership for their data-sharing initiatives. The company's flagship product, the Crossflo DataExchange® solution, helps link systems together and facilitates secure data sharing for any information exchange initiative in the healthcare, public safety and justice markets. The solution has been designed to work directly with a number of national data sharing standards, including HL7 (Health Level 7), NIEM (National Information Exchange Model), and the Global Justice XML Data Model (GJXDM). PDSG's technological innovation is backed by subject matter expertise and proven methodologies, facilitating the rapid exchange of actionable data in mission-critical applications such as clinical quality improvement and emergency services response management. PDSG has been working with some of the nation's earliest and most innovative data exchange projects including one of the most advanced statewide data-sharing initiatives to be deployed in the United States. PDSG is the data-sharing group of Patriot Scientific Corporation, which is headquartered in Carlsbad, California (OTC BB:PTSC). For more information on Patriot Data Solutions Group, visit www.pdsg.com.
About Patriot Scientific
Headquartered in Carlsbad, California, Patriot Scientific Corporation provides data sharing and secure data solutions for a connected world. Patriot Scientific addresses the expanding market opportunities in the healthcare, justice and public safety industries through its wholly owned subsidiary Patriot Data Solutions Group, Inc. These growth activities are funded with revenues generated, in a large part, from the continuing successful Moore Microprocessor Patent™ Portfolio licensing partnership with The TPL Group. Patriot Scientific's integrated core intelligence solution addresses the critical data/information sharing needs of the healthcare industry, the Department of Homeland Security, the Department of Justice, and federal, state, and local public safety and law enforcement agencies. For more information on Patriot Scientific Corporation, visit: 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, patent litigation, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
Contact:
Angela Hartley
Patriot Scientific Corporation
760-547-2700 ext. 102 |
