BW0517  OCT 12,2001       13:25 PACIFIC      16:25 EASTERN

( BW)(CA-PATRIOT-SCIENTIFIC)(PTSC) PTSC Retains Inavisis, Inc., to Evaluate Its Technology Assets; Setting Market Value of Patents & Intellectual Property is Goal

Business Editors

SAN DIEGO--(BUSINESS WIRE)--Oct 12, 2001--PTSC (Patriot Scientific Corp.)(OTCBB: PTSC) has retained Inavisis, Inc., an experienced, San Diego-based consulting firm, to complete an independent evaluation of its intellectual property assets.
The Intellectual property evaluation consulting team is led by Inavisis' Founder and President, Dr. Sam Khoury who currently serves as a trustee of the Licensing Executives Society. He has been manager and appraiser of intellectual assets for The Dow Chemical Company and was directly responsible for generating over $100 million in revenues from Dow's leveraged intellectual properties. Inavisis provides independent third party valuations for US and international intellectual property companies.
"The report from Inavisis, will provide PTSC's management, shareholders and potential customers with an appraisal of the market value of our intellectual property assets," said Mike Korodi, Vice President of Sales and Marketing of PTSC. "The input and assistance from Sam Khoury and his team will be quite a valuable tool to present to potential customers based on feedback we have received from our commercialization efforts thus far."
Mr. Korodi continued, "PTSC has engaged a powerful combination of outstanding talent represented by Dr. Khoury and his team as well as the members of our newly-formed Board of Advisors. We fully intend to capitalize on this pool of expertise and industry contacts as we complete our shift of PTSC's marketing strategy to concentrate on selling licenses to others who incorporate our technology in the design of their products."
Dr. Sam Khoury commented, "We are favorably impressed with the PTSC technologies and the patent portfolio that the company already holds. There are tried and proven methods of leveraging intellectual property assets, and while there are no guarantees, with the advice and introductions to potential customers that we can also provide, we already see considerable potential for PTSC."

About PTSC
Founded in 1987, PTSC designs, markets and manufactures advanced microprocessor technology aimed at the World Wide Web and Internet appliances as well as traditional embedded systems markets. IGNITE I is the first embedded microprocessor available based on a ROSC architecture. For more information on PTSC, visit http://www.ptsc.com. IGNITE I is a trademark of PTSC.

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.

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