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Message: Patriot Scientific Gaining Momentum as Olympus Signs Eighth Licensing Deal in Eight Months

Patriot Scientific Gaining Momentum as Olympus Signs Eighth Licensing Deal in Eight Months

posted on Sep 05, 2006 04:59AM
Patriot Scientific Gaining Momentum as Olympus Signs Eighth Licensing Deal in Eight Months

Board Member Jim Turley Increases Strategic Role

CARLSBAD, Calif., Sept. 5 /PRNewswire-FirstCall/ -- Patriot Scientific

Corporation (OTC Bulletin Board: PTSC) confirmed today that Olympus

Corporation has purchased a license to use the Moore Microprocessor

Patent(TM) (MMP) Portfolio. Seven other major system manufacturers have

purchased MMP licenses this year, including Casio, Fujitsu, HP, Seiko

Epson, Sony, Nikon and Pentax. In addition, AMD and Intel are also

licensees.

Olympus Corporation is a precision technology leader, designing and

delivering innovative solutions in healthcare and consumer electronics

worldwide. Olympus works collaboratively with its customers to leverage R&D

investment in precision technology and manufacturing processes across

diverse business lines. These include: gastrointestinal endoscopes,

accessories and minimally invasive surgical products; advanced clinical and

research microscopes; lab automation systems, chemistry-immuno and blood

analyzers and reagents; and digital and film cameras, plus digital voice

recorders.

Patriot Scientific and The TPL Group are co-owners of the MMP

Portfolio, which Alliacense, a TPL Group enterprise, exclusively manages.

The MMP Portfolio patents, filed in the 1980s, cover techniques that have

become essential to consumer and commercial digital systems ranging from

DVD players, cell phones and portable music players, to communications

infrastructure, medical equipment and automobiles.

``The addition of Olympus marks our eighth MMP licensing agreement this

year,`` said David Pohl, Patriot Scientific chairman and CEO. ``With five

license agreements signed in the past three months, our MMP licensing

program continues to gain considerable momentum, and we have only scratched

the surface of the opportunities available with hundreds of licensing

candidates.``

Patriot Scientific also announced today that board of directors member

Jim Turley will be devoting increased attention to technology matters for

the company. Turley, formerly editor-in-chief of Embedded Systems Design

and currently the editor of Silicon Insider, is the author of seven books

and has been editor of the prestigious industry journal Microprocessor

Report, where he was three-time winner of the Computer Press Award. He is a

frequent speaker at industry events and is often quoted in The Wall Street

Journal, The New York Times and the San Jose Mercury News.

A former senior executive at ARC International, where he was

responsible for three high-tech acquisitions and a successful IPO, Turley

currently serves on several technical advisory boards for high-tech

companies in the United States and Europe as well as on the advisory board

for the Embedded Systems Conference and The Microprocessor Report. His

areas of technology expertise include microprocessor chips, intellectual

property, silicon/semiconductor technology, consumer electronics,

automotive electronics, video games and consoles, and home/household

electronics.

``Jim`s increased availability to provide input and assistance based

upon his industry experience and expertise will be extremely helpful as we

consider additional strategic moves intended to enhance the strength and

profitability of our company,`` Pohl stated.

As Patriot Scientific accumulates capital resulting from licensing

revenues, the company is ready to implement the next phase of its strategic

plan and is now evaluating possible opportunities to diversify its revenue

stream by entering into joint ventures or by acquiring other companies and

technologies.

About Patriot Scientific

Patriot Scientific is a leading intellectual property licensing company

that develops, markets and enables innovative technologies to address the

demands in fast-growing markets such as wireless devices, smart cards, home

appliances and gateways, set-top boxes, entertainment technology,

automotive telematics, biomedical devices and industrial controllers.

Headquartered in Carlsbad, Calif., information about the company can be

found at http://www.ptsc.com.

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. An

investment profile on Patriot Scientific may be found at

http://hawkassociates.com/ptscprofile.aspx.

About the Patent Portfolio

The patent portfolio, marketed as the Moore Microprocessor Patent

Portfolio, contains intellectual property that is jointly owned by the

publicly held Patriot Scientific Corporation and the privately held TPL

Group. The portfolio encompasses seven U.S. patents as well as their

European and Japanese counterparts. Both TPL and Patriot assert that their

jointly owned patents protect techniques used in designing microprocessors,

microcontrollers, Digital Signal Processors (DSPs), embedded processors and

System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively

managed by Alliacense, a TPL Group Enterprise.

About Alliacense

Alliacense is a TPL Group Enterprise executing best-in-class design and

implementation of intellectual property licensing programs. As a cadre of

IP licensing strategists, technology experts and experienced business

development/management executives, Alliacense focuses on expanding the

awareness and value of TPL`s intellectual property portfolios. For more

information, visit http://www.alliacense.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.

Moore Microprocessor Patent, MMP and Alliacense are trademarks of

Technology Properties Limited (TPL). All other trademarks belong to their

respective owners.

CONTACTS:

Patriot Media Relations

The Hoffman Agency

David Friedman

(303) 868-9641

dfriedman@hoffman.com

Patriot Investor Relations

Hawk Associates

Frank Hawkins or Ken AuYeung

(305) 451-1888

info@hawkassociates.com

Alliacense Media Relations

TPL Group

Tom Rigoli

(650) 969-5986

rigoli@mindpik.com

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