Patriot Scientific Announces Portfolio License Agreement with Worldwide Leader in Consumer Electronics

CARLSBAD, Calif.--(BUSINESS WIRE)--Patriot Scientific Corp. (OTCBB: PTSC) today announced that Audiovox Corporation has purchased a Moore Microprocessor Patent™ (MMP) Portfolio license from The TPL group, Patriot Scientific’s exclusive licensing agent. Audiovox is a leading manufacturer and marketer of mobile and consumer electronics.

The Moore Microprocessor Patent™ Portfolio contains intellectual property, including seven U.S. patents and patents in Europe and Japan, jointly owned by Patriot Scientific Corporation (OTCBB: PTSC) and the privately held The TPL Group. The MMP™ Portfolio enables enhanced performance in microprocessors, microcontrollers, digital signal processors (DSPs), embedded processors and system-on-chip (SoC) devices.

“Audiovox becomes the third MMP Portfolio licensee announced in the past 30 days,” said Rick Goerner, Patriot Scientific President and CEO. “We’re pleased that TPL/Alliacense continues to close MMP Portfolio license transactions on a global basis. More than 45 global companies in the U.S., Europe, Japan, Korea and Taiwan have purchased MMP Portfolio licenses, including industry leaders such as Fujitsi, Hewlett Packard, Direct TV, Nokia, Philips, Sony and Robert Bosch.

“The MMP portfolio patents cover techniques that enable higher performance and lower costs. These patents are fundamental to hundreds of microprocessor-based consumer and commercial products from DVD players, mobile phones and portable music players to automobile systems, communications infrastructure and medical equipment,” Mr. Goerner said.

About the MMP™ Portfolio

The Moore Microprocessor Patent™ Portfolio contains intellectual property that is jointly owned by publicly-held Patriot Scientific Corporation (OTC BB: PTSC) and the privately held The TPL Group. The MMP™ Portfolio includes seven U.S. patents as well as their European and Japanese counterparts. It is widely recognized that the MMP™ Portfolio protects fundamental technology used in microprocessors, microcontrollers, digital signal processors (DSPs), embedded processors and system-on-chip (SoC) devices. Manufacturers of microprocessor-based products can learn more about how to participate in the MMP™ Portfolio Licensing Program by contacting: mmp-licensing@alliacense.com.

About Patriot Scientific

Patriot Scientific is a leading intellectual-property licensing company that develops, markets, and enables innovative technologies that satisfy the demands of fast-growing markets for wireless devices, smart cards, home appliances, network gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices, industrial controllers and more. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.patriotscientific.com.

About Audiovox Corporation

Audiovox Corporation is a leading international supplier and value added service provider in the consumer electronics accessory industry. The Company conducts its business through subsidiaries and markets mobile and consumer electronics and consumer electronics accessories products both domestically and internationally under several of its own brands. It also functions as an OEM (Original Equipment Manufacturer) supplier to a wide variety of customers, through several distinct distribution channels. For additional information, please visit Audiovox on the web at http://www.audiovox.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.