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Message: Dutton report update

Dutton report update

posted on Oct 03, 2008 06:29PM

Rating: Strong Speculative Buy

10/03/2008

Patriot Scientific Announces Portfolio License Agreement with Rockwell Automation; Strong Speculative Buy Reiterated

Patriot Scientific Corporation's (Patriot Scientific) announced yesterday, October 2, 2008, that Rockwell Automation (NYSE: ROK - News)

purchased a Moore Microprocessor Patent (MMP) Portfolio license from The TPL Group, Patriot Scientific's exclusive licensing agent.

This is the 16th MMP Portfolio license purchase in 2008 and the 51st MMP licensee sold since the beginning of the program with The TPL

Group.

Rockwell Automation employs close to 20,000 people and serves customers in more than 80 countries, providing industrial automation

control and information to their manufacturing customers.

The TPL Group is expanding the range of industries that purchase MMP licenses. Hewlett Packard, Kenwood, Sony, Robert Bosch,

Philips, Nokia, DirecTV, and Fujitsu are among the companies that have purchased MMP Portfolio licenses.

The MMP Portfolio patents cover techniques that enable higher performance and lower cost designs. These patents are fundamental to

dozens of microprocessor-based key features and benefits in contemporary consumer and commercial products ranging from DVD players,

mobile phones and portable music players to automobile systems, communications infrastructure, and medical equipment.

SUMMARY

The market value Patriot Scientific has not reflected the many positive internal M&A events that have occurred since February 2008, and we

believe an investment in Patriot Scientific affords investors strong capital appreciation opportunities with minimal downside risk. We

reiterate our rating of Strong Speculative Buy and our price target of $0.55 per share.

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