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Message: Patriot Scientific CEO David Pohl to Retire

Patriot Scientific CEO David Pohl to Retire

posted on Apr 26, 2007 04:58AM
Patriot Scientific CEO David Pohl to Retire

    CARLSBAD, Calif., April 26 /PRNewswire-FirstCall/ -- Patriot Scientific
Corporation (OTC Bulletin Board: PTSC) today announced that Chairman and
CEO David H. Pohl has notified them of his intent to retire from the
position of chief executive officer as soon as a new CEO is appointed. He
will continue to serve as chairman of the board.
    "I decided that my 70th birthday in June would be a good time to step
aside from daily business operations and let someone else take the wheel,"
Pohl stated. "With that in mind, I informed the board of directors of my
intent last February. Since that time the board has been identifying and
considering various candidates for the position."
    The search for a new candidate is being spearheaded by Carlton M.
Johnson Jr., chairman of the executive committee of the Patriot Scientific
Board of Directors. "The board appreciates the fine job David has done
while serving as our CEO," said Johnson. "We have asked him to continue to
serve as our chairman and we are delighted that he has agreed."
    Pohl was named chairman and CEO in June 2005. At that time the company
replaced its former management team and embarked upon a new strategic
alliance in a joint venture with The TPL Group to commercialize their
jointly owned MMP Portfolio patent portfolio. The MMP Portfolio patents
protect design techniques that have become essential to myriad consumer and
commercial digital systems ranging from computers, DVD players, cell phones
and portable music players, to communications infrastructure, medical
equipment and automobiles. Sixteen major electronics manufacturers have
signed licenses since January of 2006 to utilize technology covered by one
or more patents in the portfolio.
    "I am passionate about Patriot Scientific and its potential for the
future, and nothing on the horizon dims my positive outlook," said Pohl. "I
believe that a publicly held company like Patriot Scientific, with a wide
base of shareholders, millions of dollars in the bank and no long-term debt
is wonderfully poised to create and take advantage of some terrific
business opportunities in its future, in addition to capitalizing on
licensing its valuable patent portfolio."
    "It has been an honor to serve in this important position while Patriot
Scientific has progressed through this critical transition in its corporate
history," he continued. "I am looking forward to continuing to help shape
the future of this great company in my ongoing role as chairman while a new
dynamic CEO steps into place to contribute his experience, energy and
vision toward creating increased value for our shareholders," Pohl
concluded.
    Patriot Scientific will hold its annual meeting of shareholders Friday,
April 27, 2007 at the La Costa Resort and Spa in Carlsbad, California.
Proxy statements were mailed to shareholders April 9, 2007. Further
information is available on the company's web site at http://www.ptsc.com.
    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 also be found
at http://www.hawkassociates.com, http://www.americanmicrocaps.com, and at
http://www.agoracom.com/IR/Patriot, in addition to the company's web site.
    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.
    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 and Ignite are trademarks of
Patriot Scientific Corporation. All other trademarks belong to their
respective owners.
     CONTACTS:

     Patriot Investor Relations:
     Hawk Associates, Frank Hawkins or Ken AuYeung (305) 451-1888
     info@hawkassociates.com

     AGORACOM Investor Relations, PTSC@Agoracom.com
     http://www.agoracom.com/IR/Patriot

     Patriot Media Relations: The Hoffman Agency, John Radewagen,
     (408) 975-3005
     jradewagen@hoffman.com


SOURCE Patriot Scientific Corporation

Related links:
  • http://www.ptsc.com
  • http://www.hawkassociates.com
  • http://www.americanmicrocaps.com
  • http://www.agoracom.com/IR/Patriot
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