Mattel has signalled its intent to compete in the technology market, purchasing a Moore Microprocessor Patent Portfolio licence from TPL Group, the licensing partner of Patriot Scientific. The licence entitles the manufacturer access to many design applications and techniques for technology-based products.
It joins a number of international blue chip firms including Hewlett Packard, Kenwood, Nokia, Phillips, Sony and Toshiba, which have also licensed the technology.
Roy Maharaj, vice president of licensing for Alliacense, a TPL Group enterprise said: “Mattel’s purchase of an MMP license is yet another example of the widespread use of MMP Portfolio technology.
“All producers of microprocessor-based products and dependent services should be placing high priority on the purchase of a license for the fundamental MMP Portfolio technologies to reduce related financial exposure.
Jim Turley, Patriot Scientific’s president and CEO added: “The rate of licensing has accelerated in the last few months, and we’re pleased to welcome Mattel to the group. Microprocessor chips are truly ubiquitous and this latest signing just reinforces the point.”